{"id":64325,"date":"2022-09-20T17:40:00","date_gmt":"2022-09-20T12:10:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=64325"},"modified":"2022-09-20T18:06:16","modified_gmt":"2022-09-20T12:36:16","slug":"penny-stock-of-%e2%82%b9-2-is-paying-a-dividend-of-%e2%82%b9-15-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-of-%e2%82%b9-2-is-paying-a-dividend-of-%e2%82%b9-15-check-the-details\/","title":{"rendered":"Penny Stock of \u20b9 2 is paying a dividend of \u20b9 15; Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1654855359\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Elcid Investments, a penny stock that traded at a price of \u20b9 2.31 apiece on the Bombay Stock Exchange, had declared a dividend of \u20b9 15 per share. This is more than 6.5 times its share price. The shares will trade ex-dividend on September 22, 2022. However, investors cannot invest in the company as its shares are delisted.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1745691501\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Last, the stock was traded on the stock exchange on 14 June 2022 at \u20b9 17 per share. So far, the company has given a dividend of \u20b9 75 per share in the past five years. However, its share price has given a negative return of 86% in the past year.&nbsp;<\/p><p>Elcid Investments Limited is a Mumbai-based Non-Banking Finance Company (NBFC). It makes investments in shares, debentures, mutual funds and other financial instruments. As a result, it receives dividends from various companies. It might be possible that the company has been able to pay huge dividends to its shareholders from the dividends that it receives from its investments.&nbsp;<\/p><p>The company has 2,00,000 shares, of which, its promoters collectively hold a 74.98% stake. The remaining 50,040 shares are held by retail and other shareholders.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4120378901\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2874974746\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Elcid Investments, a penny stock that traded at a price of \u20b9 2.31 apiece on the Bombay Stock Exchange, had declared a dividend of \u20b9 15 per share. This is more than 6.5 times its share price. The shares will trade ex-dividend on September 22, 2022. However, investors cannot invest in the company as its [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":28544,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[4216,3555,2660,3554,2978,4667,3974,3226,4047,948,936,3157,3158],"class_list":["post-64325","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-debt-free-penny-stocks","tag-multibagger-penny-stocks","tag-multibagger-stock","tag-penny-stocks","tag-small-cap","tag-small-cap-debt-free-stocks","tag-small-cap-steel-stock","tag-small-cap-stocks","tag-smallcap-multibagger-stocks","tag-stock-market","tag-stock-market-news","tag-stock-to-watch","tag-stock-to-watch-in-2022"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Penny Stock of \u20b9 2 is paying a dividend of \u20b9 15; Check the details - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/penny-stock-of-\u20b9-2-is-paying-a-dividend-of-\u20b9-15-check-the-details\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Penny Stock of \u20b9 2 is paying a dividend of \u20b9 15; Check the details\" \/>\n<meta property=\"og:description\" content=\"Elcid Investments, a penny stock that traded at a price of \u20b9 2.31 apiece on the Bombay Stock Exchange, had declared a dividend of \u20b9 15 per share. 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