With an all-time high of 8,980%, this stock sets a record date for a 200% dividend.

With market value of Rs. 8,373.34 crore, Finolex Industries Ltd. It is a medium-capital company serving the industrial sector. Finolex Industries Limited (FIL) is the leading and most reputable manufacturer of PVC-U Pipes and Fittings for the sanitary, agricultural and construction industries in India. The company supplies a wide range of products such as CPVC pipe, SWR pipe and fittings, ASTM pipe and fittings, casing, shaft pipe, sewer pipe, solvent cement pipe and fittings for a variety of uses in the two major divisions, plumbing and sewage and agriculture. The board of directors declared a total dividend of 200 percent, and the record date was announced.

The company said in a regulatory filing that “The Board of Directors has recommended a final dividend of Rs 2/- and a special dividend of Rs 2/- per share of equity of par value of Rs 2/- each respectively (i.e. 200% total) for the 2021 financial year- 22, subject to income tax deduction at source as applicable Recommended dividends, if approved by the shareholders at the 41st General Assembly scheduled for August 30, 2022, will be paid to the members whose names appear on August 23, 2022 in the register of members or in the register of beneficial owners which are kept by depositors.”

Finolex Industries Ltd. shares ended. Trading on Friday at R135.30 per share, down 0.59 percent from the previous close. The stock price rose from R1.49 as of January 1, 1999 to the current level of R135.30 as of August 5, 3:30 PM IST, yielding a multi-marked return and an all-time high of 8,980.54% in 23 years. The stock is down 20.71 percent over the past year, and on an annual basis, it’s down 34.76 percent so far in 2022. The stock is down 26.23 percent over the past six months, and 2.63 percent over the past six months. Last month. At the current price, the stock is trading 44.66 percent below its 52-week high and 8.24 percent above its 52-week low on the New York Stock Exchange, reaching a 52-week high. R244.50 on October 25, 2021 and a 52-week low at R125.00 on May 10, 2022 respectively.

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