This Multibagger Metal Stock Will Soon Give A 175% Dividend: Check Record Date

With a market valuation of 26,578.54 crore, APL Apollo Tubes Ltd. is a large-cap company that operates in the industry. The largest manufacturer of structural steel tubes in India is APL Apollo Tubes Limited, which has a production capacity of 2.6 million tons per year. With over 1,100 different types of Pre-Galvanized Tubes, Structural Steel Tubes, Galvanized Tubes, MS Black Pipes and Hollow Sections in its product range, APL Apollo is one of India’s leading producers of products. high-end steel.

The company’s board of directors said in a filing that “the dividend for the year ended March 31, 2022 of 3.5 per share (175%) on 25,02,80,500 fully paid equity shares of Rs. 2/- each as recommended by the Board of Directors, if declared at the AGM, will be credited /sent within 30 days of the conclusion of the AGM after deducting tax in accordance with the provisions of the Income Tax Act 1961, to those Members whose names appear on the Register of Members of the Company on September 5, 2022 or their agents. In respect of shares held by Members in dematerialized form, the dividend will be credited/sent on the basis of the details of the beneficial ownership to be received from the depositaries for this purpose.”

The board further added that “the dividend, if declared at the annual general meeting, will be paid after September 12, 2022, to members whose names are entered in the register of members of the company or as as beneficial owners in the registers of depositaries on September 5, 2022 or in their mandates.”

Today’s closing price for APL Apollo Tubes Ltd shares was 1,060.00 per share, up 1.43% from yesterday’s close 1045.10. The share price went from 14.06 on December 16, 2011, where it is today, representing a multibagger yield and an all-time high of 7,439.12%. The share price went from 158.50 per share as of September 1, 2017, at current market price over the past five years, representing a multibagger return of 568.77% over that time. The stock has generated a multibagger return of 718.61% over the past three years, but has only gained 32.00% over the past year. On a YTD basis, the stock has gained 11.68% so far in 2022.

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