Dividend Announces with 1:1 Bonus Issue, Dividend Rs 6/Share: Record Date : The stock of G N A Axles Ltd, a small-cap company in the auto ancillaries sector, surged by 2.19% on the BSE intraday on July 21. This significant increase came after the company declared a record date for a 1:1 bonus share issue and a dividend of Rs 6 per equity share.
G N A Axles share is valued at Rs 935.65 per share
As of the latest trading session, G N A Axles share is valued at Rs 935.65 per share on the BSE, and over the past 3 years, it has delivered an impressive return of 446%. Below are the detailed particulars regarding the bonus issue and dividend:
G N A Axles Sets Record Date For Dividend
In a BSE filing dated July 21, 2023, G N A Axles announced that it has fixed August 11, 2023, as the record date for the payment of a dividend amounting to Rs. 6/- per Equity Share on the Pre-Bonus Capital of the Company, i.e., Rs. 6/- per Equity Share on 2,14,65,400 Equity Shares of the Company.
G N A Axles Fixed Record Date For Bonus Share
According to another exchange filing on the same date, July 21, 2023, G N A Axles informed its shareholders that it has set Friday, August 11, 2023, as the Record Date for determining the eligibility of shareholders to receive Bonus Equity Shares of the Company.
The bonus shares will be issued in the proportion of 1 (One) Equity Share of Rs. 10/- each for every 1 (One) existing Equity Share of Rs. 10/- each, subject to the approval of shareholders, which is currently being obtained through Postal Ballot.
G N A Axles Dividend History
GNA Axles has a history of distributing dividends, having declared 5 dividends since September 6, 2018. In the past year, the company announced an equity dividend amounting to Rs 5.00 per share.
Considering the current share price of G N A Axles, the dividend yield is estimated to be 0.53%, according to Trendlyne.
G N A Axles Recent Financial Performance
For the quarter ended June 30, 2023, G N A Axles declared a consolidated total income of Rs 374.91 crore, representing a decrease of 2.41% compared to the preceding quarter's total income of Rs 384.16 crore. The company's net profit after tax for the recent quarter was reported to be Rs 33.13 crore.
Dividend AnnouncedG N A Axles in Brief
GNA is renowned worldwide as one of the leading manufacturers of automotive transmission components. Its clientele includes top original equipment manufacturers (OEMs) in the automotive industry.
GNA collaborates closely with its customers to engineer high-performance products for driveline systems in various automotive applications, as stated on its official website.
Disclaimer: This news highlights the bonus issue and dividend of G N A Axles Ltd and is not intended as a recommendation to buy, sell, or hold the stock. The content does not involve fundamental or technical analysis, and the author, as well as Asia Global Bank, bears no responsibility for any losses incurred. For personalized investment advice, please consult a professional advisor.
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