As more people are becoming aware of financial management, they are also gaining more knowledge about investing their money in the right places. Mostly, people invest in fixed deposits (FDs), mutual funds, real estate, gold and stock markets. The stock market is among the most popular ways of investing money. However, it is important to do complete research before investing money in stocks, as the share market is quite volatile. Now, it has been found that a company will give a dividend on every share that is held or bought by investors.
According to reports, the name of the company is DISA India, which is a machinery industry company. It has been found that the company has approved the first interim dividend of a whopping Rs 100 per share (1,000 per cent) with a face value of Rs 10 each for the financial year 2023–24. This means that Rs 100 extra per share will be given to investors. To take advantage of this benefit, investors will have to invest before the ex-dividend date. Reportedly, the company has fixed February 16 as the record date for dividends. Only those investors who buy before this day will get the benefit of the dividend.
As per reports, DISA India has been giving dividends to its investors since 2003. Last year, it gave an interim dividend of Rs 100 and a final dividend of Rs 10. This year, the dividends will be paid to the investors on March 6.
It has also been found that DISA India made a profit of more than Rs 5.50 crore in the October-December quarter. This profit has been 185 per cent higher on an annual basis compared to the same quarter of the last financial year. The company’s revenue from operations increased from Rs 50.2 crore to Rs 59 crore.
The DISA India stock’s performance has been fantastic in the last five years, with a return of 152.36 per cent. Currently, the stock is priced at Rs 15,000.05 as the market closed on Monday at 3.30 pm. The share has increased by 93.40 per cent in the last year.
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