2 Dividends In 90 Days: Small Cap IT Stock Sets March 28 As Record Date To Pay Dividend
Small cap IT Software firm, R Systems International Limited shares witnessed rally of 0.39% intraday on BSE to settle at Rs 452.75 per share.
The company has already declared an interim dividend of Rs 6.00/- per equity share of Re 1/- each and fixed March 28, 2024 as the record date. This is the second dividend announcement by R Systems International in a span of just 180 days. Earlier, it had declared an interim dividend of Rs 6.80/share in December 2023 and shares traded ex-dividend on December 22, 2023.
R Systems International offered shareholders return of 777% in last 5-years and stock declined 18% year-to-date after recently SEBI flagged risk of froth in small cap segment. The Sebi chief, Madhabi Puri Buch, on Monday reiterated concerns over stretched valuations. Nearly all small cap stocks witnessed sharp decline after the comments. Check details below:
R Systems International Declares Dividend: As per the March 19 BSE filing of the company, Board of Directors of R Systems International Limited has inter-alia approved the payment of Interim Dividend for the year 2024 at the rate of Rs. 6.00/- per equity share of face value of Re. 1/- each. The Interim Dividend for the year 2024 will be paid on or before April 17, 2024.
R Systems International Sets Record Date For Interim Dividend: The Record Date for the purpose of determining entitlement of the shareholders to the Interim Dividend for the financial year 2024 is Thursday, March 28, 2024, added the BSE filing.
R Systems International Shares Performance & Return: The 52-week high price of R Systems International shares on BSE is Rs 599.00 per share and 52-week low price is Rs 241.15 per share, respectively. The company’s market capitalisation is Rs 5356.19 crore. The company’s PE is 30.88 and ROE of 35.93. R Systems International shares declined 21% in last 3-months, gave return of 76% in last 1-year, soared 60% in last 2-years, and offered return of 302% in last 3-years.
R Systems International About: R Systems is a leading digital product engineering company that designs and develops chip-to-cloud software products, platforms, and digital experiences that empower its clients to achieve higher revenues and operational efficiency. It serves key players in the high-tech industry, including ISVs, SaaS, and Internet companies, as well as product companies in telecom, media, finance, manufacturing, and health verticals, according to its official website.
Disclaimer: The stock highlights the dividend is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.
Renu Baliyan Goodreturns
source: goodreturns.in
