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If you are also looking for dividend paying stocks, then there is good news for you. Welspun Enterprises has declared profits to its eligible investors. The company will trade today i.e. January 11, 2023 as Ex-Dividend in the stock market. Let us tell you, in the last 6 months, the prices of the company’s shares have seen a rise of more than 60 percent. Let us know in details about this dividend paying stock –

How much dividend will be received? (Welspun Enterprises Dividend)

The company informed the stock exchange after the board meeting on December 30, 2022, that a one-time special dividend of Rs 7.50 will be given to eligible investors on shares with a face value of Rs 10. That means qualified investors will get 75 percent profit. The company has fixed the record date for dividend as January 11, 2023. The dividend will be paid by the company on or after January 20. Explain, since the company is in the T+1 category, the record date and ex-date for the dividend are the same.

Shares of this giant company of Tata Group became cheap, experts said to buy

The company has given tremendous returns in the stock market

Yesterday i.e. on Tuesday, the company’s shares closed at Rs 162.95 on the NSE with a gain of 1.49 per cent. Anyone who would have placed a bet on the company 6 months ago and held it till now, would have seen returns of 68.69 per cent. Let us tell you, the 52 week high of the company is Rs 174.80 and the 52 week low is Rs 69.

The company has also announced ‘buyback’

Welspun Enterprises has also announced buyback of shares with a face value of Rs 10 each. The company has said that this buyback will be at Rs 200 per share. However, the company has not yet announced the record date for the buyback.

The wait for investors betting on this IPO is over, good news came from the gray market

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