In a move that continues to delight its shareholders, Elitecon International Limited has announced yet another dividend payout, reinforcing its status as one of the market's favorite multibagger stocks. The company's board has declared an interim dividend of 5% for the current financial year, adding to its impressive track record of shareholder returns.
Dividend Details Every Investor Should Know
The company has fixed Thursday, June 27, 2024 as the record date to determine which shareholders are eligible to receive this dividend payout. This strategic timing allows the company to properly identify all entitled investors while maintaining smooth operational workflow.
Elitecon International has specified that the dividend amount will be ₹0.50 per equity share with a face value of ₹10 each. This 5% interim dividend demonstrates the company's strong financial health and commitment to sharing profits with its loyal investors.
Market Performance That Speaks Volumes
What makes this announcement particularly significant is Elitecon's remarkable journey in the stock market. The company has earned the coveted 'multibagger' status by delivering exceptional returns to investors who showed faith in its growth story. From its 52-week low to current trading levels, the stock has demonstrated impressive resilience and growth potential.
The company's shares continue to trade actively on both major Indian stock exchanges - the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). This liquidity, combined with consistent dividend payments, makes Elitecon International an attractive proposition for both short-term traders and long-term investors.
Why This Dividend Matters
- Consistent Returns: Regular dividend payments indicate stable cash flows and profitable operations
- Investor Confidence: Companies that pay dividends typically enjoy stronger investor trust
- Growth Signal: The ability to pay dividends while maintaining growth suggests strong fundamentals
- Income Generation: Provides regular income stream alongside potential capital appreciation
For existing shareholders, this announcement represents additional returns on their investment. For potential investors, it serves as a strong indicator of the company's financial discipline and shareholder-friendly approach.
As the record date approaches, market watchers expect increased trading activity in Elitecon International shares. The company continues to build its reputation not just as a growth stock but as a reliable wealth creator that understands the importance of rewarding its investor community.
