With a market capitalisation of Rs 3,050.15 crore, Sudarshan Chemical Industries Ltd is a small company engaged in the chemical industry.

The company provides pigments for paints, plastics, inks, cosmetics, textiles and other applications, mainly serving the coatings, plastics, inks and cosmetic markets; it is the largest pigment manufacturer in India and has been a major player in the international market for over 60 years.

The company operates in more than 85 countries, with sales offices in India, the Netherlands, the US and China, and more than 170 channel partners worldwide.

India’s leading pigment supplier and multinational company with a market share of nearly 35%. For dividends, the company’s board of directors has announced today a record date for determining shareholder eligibility.

The company informed BSE that the “Board of Directors held on 26 May 2022 had recommended a final dividend of Rs 5 per equity share of Rs 2 each (i.e., 250%) for the financial year 2021-22 and by the shareholders at the upcoming 71st AGM of the company. If approved, such final dividend will be paid between 22nd August 2022 and 29th August 2022 to those shareholders whose names appear on Tuesday, 2nd August 2022, i.e., the record date.”

Sudarshan Chemical shares closed at Rs 443.60 per share today, up 3.42% from the previous close of Rs 428.95. The stock has lost 40.81% over the past year and is down 21.04% in 2022. The stock has lost 23.54% in the past six months but has gained 6.15% over the past month.

Based on the last traded price, the stock is trading above the 5-day, 10-day, 20-day and 50-day moving averages but below the 100-day and 200-day simple moving averages (SMA).

Sudarshan Chemical Industries has declared an equity dividend of 250% or Rs 5 per share for the financial year ending March 2022. At the current share price of Rs 443.60, the dividend yield is 1.12%.