Foseco India declares interim dividend

DSIJ Intelligence / 27 Jul 2017

Foseco India declares interim dividend

Commodity chemicals player Foseco India on Thursday has declared first interim dividend of Rs 6 per share of face value of Rs 10. The record date for the payment of first interim dividend will be on August 1, 2017.

Commodity chemicals player Foseco India on Thursday has declared first interim dividend of Rs 6 per share of face value of Rs 10. The record date for the payment of first interim dividend will be on August 1, 2017.
 
The company touched its intra-day high of Rs 1,507.05 per share and an intraday low of Rs 1,470 per share on BSE. 
 
The stock on NSE has attracted a traded volume of 784 shares and a traded value of 11.80 lakh. 
 
The company has a return on equity of 28.55% for the past three years and has maintained a dividend payout of 50.36%.
 
On a yearly basis, the stock has underperformed the BSE Small Cap index.
 
 Foseco India Limited is an India-based manufacturer of foundry chemicals and fluxes. The company operates through metallurgical products and services segment and has factories in Pune and Puducherry.

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