Multibagger Fineotex Chemical Delivers Dividend for Fourth Straight Year

Fineotex Chemical, a prominent player in the chemical industry, has once again affirmed its reputation as a dividend-paying stock. The company recently announced a 20 percent final dividend for eligible shareholders for the financial year 2023-24. This marks the fourth consecutive year of dividend declarations by the multibagger stock, continuing its tradition of rewarding shareholders. The announcement came alongside the release of the company’s Q4 results in 2024.

Details of Fineotex Chemical’s dividend:

The company disclosed its decision in compliance with SEBI regulations, recommending a final dividend of Rs. 0.40 per equity share. This amounts to Rs. 4,46,93,995.60, subject to approval at the upcoming Annual General Meeting.

Fineotex Chemical’s dividend history:

This year’s dividend declaration follows a trend set by the company over the past four years. It traded ‘ex-dividend’ on specific dates in the past to determine eligible shareholders for dividend payment, showcasing consistency in its dividend distribution policy.

Fineotex Chemical Q4 results:

The company’s Q4 results have demonstrated a notable increase in revenue, reflecting its strong market position and ability to deliver consistent returns. Revenue from Operations for the quarter saw a robust growth of 11.13 percent, reaching Rs. 153.01 crore. Similarly, the Profit after Tax (PAT) for the quarter witnessed a growth of 17.21 percent, reaching approximately Rs. 30.48 crore.

Multibagger stock performance:

Fineotex Chemical’s resilience and adaptability in the post-COVID period have been reflected in its share price performance. Over nearly four years, the stock has surged from around Rs. 15 to Rs. 365 per share, delivering an impressive 850 percent return to its investors. This growth underscores the company’s strong fundamentals and the trust it commands among shareholders.