10% DIVIDEND: Tata Power subsidiary goes ex-date today

“We would like to inform that the Board of Directors has recommended a final dividend of Rs. 1/- per share (10%) (face value of Rs. 10 each) for the financial year ended 31st March 2025,” the company said in an exchange filing.

Nelco Limited has set June 9 as an ex-date for the final dividend.

Nelco Limited has fixed June 9 as the record date for the final dividend.

Nelco Limited is a component of the BSE Smallcap. According to the BSE analytics (as of June 9), shares of Nelco Limited rose 0.62 per cent and 15.59 per cent in the last 1 week and 1 month, respectively. In the past 1 year, 2 years, 3 years, 5 years, and 10 years, shares of the company gained 26.15 per cent, 26.15 per cent, 39.30 per cent, 361.82 per cent, 1271.48 per cent, respectively.

Last year, Nelco Limited paid a dividend of Rs 2.20. Similarly, in 2021, 2022, and 2023, the company declared dividends of Rs 1.20, Rs 1.80, and Rs 2, respectively.

Nelco Limited never issued bonuses for its equity shareholders.

At the current market price, Nelco Limited's dividend yield is 0.11 percent.