{"id":72417,"date":"2022-11-10T14:38:00","date_gmt":"2022-11-10T09:08:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=72417"},"modified":"2022-11-10T14:49:16","modified_gmt":"2022-11-10T09:19:16","slug":"stock-jumps-9-after-announcing-a-dividend-of-50-per-share-and-a-11-bonus","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-9-after-announcing-a-dividend-of-50-per-share-and-a-11-bonus\/","title":{"rendered":"Stock jumps 9% after announcing a dividend of \u20b9 50 per share and a 1:1 bonus"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3802347840\"><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>The shares of Gloster Ltd gained 9.25% on Thursday\u2019s early trades to reach an intraday high of \u20b9 2,024.80 apiece on the Bombay Stock Exchange (BSE). Its shares were trading 5.11% higher at \u20b9 1948.00 apiece at 12:12 PM on Thursday.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1989671221\"><!-- 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><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/542351\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Gloster Ltd<\/a><\/strong> is engaged in the business of manufacturing and exporting all kinds of jute and allied products. This includes woven and non-woven jute geotextiles, floor covering, home furnishing, bags, and other related products. It serves customers worldwide.\u00a0<\/p><h4 class=\"wp-block-heading\" id=\"h-dividend\"><strong>Dividend&nbsp;<\/strong><\/h4><p>The company has announced the payment of an interim dividend at 500% of the face value of its shares. This comes to \u20b9 50 per share, on 54,71,630 equity shares of \u20b9 10\/- each for the financial year 2022-2023.&nbsp;<\/p><p>It said that the interim dividend will be paid on or before November 30, 2022. Further, it has fixed Wednesday, November 16, 2022, as the record date for ascertaining the shareholders&#8217; eligibility for payment of interim dividends.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3846638727\"><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><h4 class=\"wp-block-heading\"><strong>Bonus Issue&nbsp;<\/strong><\/h4><p>Gloster Ltd has announced the issue of fully paid-up bonus equity shares of \u20b9 10 each in the ratio of 1:1. Therefore one bonus share will be allotted for every equity share that shareholders hold as on the record date, which will be announced in due course. <\/p><p>The bonus shares will be credited\/dispatched within two months from the date of approval by the Board, i.e., 6th January 2023.&nbsp;<\/p><p>This issue will happen out of the free reserves and\/or the share premium of the company. The amount available in the free reserves of the company is \u20b9 1030.57 crores and the amount required for the bonus issue is \u20b9 5.47 crores. <\/p><p>The bonus issue is subject to the approval of shareholders in an Extra Ordinary General Meeting (EGM) of the Company.&nbsp;<\/p><p>The company has a pre-bonus paid-up share capital of \u20b9 5,47,16,300 divided into 54,71,630 equity shares of a face value of \u20b9 10 each. After the bonus issue, it will have a paid share capital of \u20b9 10,94,32,600 divided into 1,09,43,260 equity shares with a face value of \u20b9 10 each.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\"><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-content-10\" id=\"trade-4044648130\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\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><div class=\"trade-after-content\" id=\"trade-2808012358\"><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>The shares of Gloster Ltd gained 9.25% on Thursday\u2019s early trades to reach an intraday high of \u20b9 2,024.80 apiece on the Bombay Stock Exchange (BSE). Its shares were trading 5.11% higher at \u20b9 1948.00 apiece at 12:12 PM on Thursday.&nbsp; Gloster Ltd is engaged in the business of manufacturing and exporting all kinds of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":37503,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1513,31],"tags":[3448,3441,5130,4497,57,3443,3402,58,62,3025,3913,3912,3153,4178,5110,4183,3157,3158,3026],"class_list":["post-72417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editor-pick","category-news","tag-bonus-announcement","tag-bonus-issue","tag-bonus-issue-in-november","tag-bonus-shares-2022","tag-dividend","tag-dividend-declared","tag-dividend-payout","tag-dividend-stocks","tag-dividend-stocks-yield","tag-dividends","tag-multibagger-stock-to-buy","tag-multibagger-stock-to-watch","tag-stock-to-buy","tag-stock-to-buy-in-2022","tag-stock-to-buy-in-november","tag-stock-to-trade","tag-stock-to-watch","tag-stock-to-watch-in-2022","tag-upcoming-dividends"],"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>Stock jumps 9% after announcing a dividend of \u20b9 50 per share and a 1:1 bonus - 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\/stock-jumps-9-after-announcing-a-dividend-of-50-per-share-and-a-11-bonus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stock jumps 9% after announcing a dividend of \u20b9 50 per share and a 1:1 bonus\" \/>\n<meta property=\"og:description\" content=\"The shares of Gloster Ltd gained 9.25% on Thursday\u2019s early trades to reach an intraday high of \u20b9 2,024.80 apiece on the Bombay Stock Exchange (BSE). 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