Multi Commodity Exchange of India (MCX) Ltd. on Wednesday, July 30, said that the board will also be considering a stock split of its shares when they meet on Friday, August 1.August 1 is also the day when MCX will be considering their results for the April-June quarter.
Shares of MCX currently carry a face value of ₹10 each, which means this will be the first stock split that the company’s board will be considering for its shareholders.
MCX has not issued bonus shares to its shareholders either, but has been a regular distributor of dividends annually.The company has already fixed August 8 as the record date for the ₹30 per share dividend that it announced recently.
Shares of MCX currently carry a face value of ₹10 each, which means this will be the first stock split that the company’s board will be considering for its shareholders.
MCX has not issued bonus shares to its shareholders either, but has been a regular distributor of dividends annually.The company has already fixed August 8 as the record date for the ₹30 per share dividend that it announced recently.
Previously, the company had paid dividends worth ₹7.64, ₹19,09 and ₹17.4 per share across 2024, 2023 and 2022 respectively, according to data available on the BSE.
Shares of MCX ended 1.2% higher on Tuesday at ₹7,828. The stock is down 14% from its 52-week high of ₹9,115, but is holding on to year-to-date gains of 25%. Over the last 12 months, the stock has nearly doubled in value, having gained 87%.
