Datamatics Global Services Ltd. stock fell 5.59% on Tuesday on the BSE. The stock is scheduled to go ex-dividend for a special and last dividend the following week. The record date for the dividend was recently set by the company’s board of directors as of September 01, 2023.
On April 28, 2023, the company’s board of directors recommended a final dividend of 75% and a one-time payment of 25%. It is a small-cap provider of IT-enabled services. Its market capitalization is Rs 3,265.50 billion.
“The Register of Members and Share Transfer Books of the Company will remain closed from Saturday, September 23, 2023 to Friday, September 29, 2023 (both days inclusive) for the purpose of the 35th AGM of the Company and to determine the members eligible to receive Final & Special Dividend for the FY 2022-23,” the Board stated in an exchange filing.
The Board of Directors of Datamatics Global Services Ltd. submitted the following regulatory filing: “The Board has recommended, subject to approval of shareholders, final dividend of Rs. 3.75/- per equity share of the face value of Rs. 5/- each and special dividend of Rs. 1.25/- per equity share of the face value of Rs. 5/- each for the financial year ended March 31, 2023.”
On the BSE, the shares closed at Rs 553.95 each, a loss of 5.59%. On the BSE, it fluctuated between an intraday high of Rs 592 and an intraday low of Rs 539.35 a piece.
In the last week, it fell 0.92%. In the last six months, it increased by 83.49%. In the last year, it has returned profitably by 55.76%. In 3 years, it generated a strong return of 646.56%. In the last five years, it has returned profitably by 228.19%.
On July 14, 2023, the stock reached its 52-week high of Rs 678.90 a share and reached its 52-week low of Rs 256.35 on December 23, 2022.
Business process management (BPM), consulting, and information technology (IT) services are all offered globally by Datamatics Global Services Ltd. The company helps businesses around the world overcome their business difficulties and create operational savings by offering business-aligned next-generation solutions to a wide range of industrial verticals.
Disclaimer: This is not an advice to purchase, sell, or hold the stock; it is simply highlighting the dividend. We haven’t conducted any technical or fundamental research and don’t have any opinion on the stock in question. Losses should not be attributed to the author or Greynium Information Technologies. Please seek the advice of a qualified expert.
Small Cap IT Stock Turning Ex-Dividend Next Week For Special & Final Dividend