Up 140% in 1 year! Multibagger smallcap stock declares dividend of Rs 3 per share

economictimes.indiatimes.com:

DB Corp has approved an interim dividend of Rs 3 per share for the current financial year. The record date for the said dividend is fixed as August 1. «The Board has recommended a dividend of Rs 3 per equity share of the face value of Rs 10 each (i.e.

@30% of FV) for the financial year 2023-24, subject to tax deducted at source,» the company said in a filing. The record date will determine the eligibility of shareholders for the dividend, which will be paid on or before August 18. Shares of DB Corp will likely trade ex-dividend on the day or a day before the record date.

When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment. An ex-dividend date also dictates which shareholders are eligible to receive the dividend payment. For the first quarter ended June, the company's revenue from operations jumped 12% to Rs 554 crore, compared with Rs 494 crore in the same quarter of last year.

DB Corp has clocked a massive 153% growth in its net profit to Rs 78.7 crore in the reporting quarter. The same stood at Rs 31 crore in the year-ago period. EBITDA registered a strong growth of 84% YoY in the first quarter to Rs 135.9 crore from Rs 73.8 crore last year, on account of robust revenue growth as well as continued cost control including softening newsprint prices.

Print and other business advertising registered 18% YoY growth to Rs 358 crore in the June quarter. On Thursday, the company's shares are trading nearly 4% higher at Rs 201.8 on NSE. The stock has delivered multibagger returns to investors in the last one-year period, rising by a massive 143% from Rs 82.05 a year ago.