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Dividend Stock: The stock market once again witnessed a big decline today. On Thursday, the BSE Sensex closed at 79,389.06 points with a decline of 553.12 points, and the Nifty 50 closed at 24,205.35 points with a decline of 135.50 points. In today’s decline, the shares of most companies closed in the red with losses. But, today there was also a company’s share in which there was a rise of not one or two percent but more than four percent.
The company’s shares saw a stormy rise on Thursday
Shares of Nuvama Wealth Management today closed at Rs 6986.00 with a massive gain of 4.12% (Rs 276.40). The company’s shares which closed at Rs 6709.60 on Wednesday, opened with a gain at Rs 6779.80 on Thursday, and during the trading, it touched an intraday low of Rs 6691.60 to an intraday high of Rs 7025.00. The 52-week high of Nuvama Wealth Management shares is Rs 7395.00. According to BSE, the current market cap of the company is Rs 24,991.74 crore.
The company will pay a dividend of Rs 63 per share.
Dividend for shareholders was announced in the company’s board meeting held on 25 October. The company had said in an exchange filing that the Board of Directors has announced a dividend of Rs 63 per share with a face value of Rs 10 for the shareholders. This will be the interim dividend to be given for the financial year 2024-25. Let us tell you that even before this, in August this year, the company had given an interim dividend of Rs 81.50 per share to its shareholders.
The record date and payment date are also fixed.
Nuwama Wealth Management said in an exchange filing that the company has also fixed the record date and payment date for this dividend of Rs 63. According to the company, the record date for this interim dividend has been fixed on Thursday, November 7. Shareholders will be paid dividends only on the number of shares that are in their demat account on November 7. The company said that the dividend money will be sent to the shareholders’ bank account on or before November 23.
