Modison Ltd Dividend 2024, Record Date, Share Price, History

News: Modison Ltd, a prominent player in the manufacturing sector, has recently announced its dividend for the year 2024. In this article, we’ll delve into the details of this dividend, including the record date, share price impact, and a brief history of Modison.

Dividend Announcement

On February 13, 2024, Modison declared an interim dividend of ₹0.5 per share. This dividend is a way for the company to distribute profits to its shareholders. But what does this mean for investors? Let’s break it down.

Understanding Dividends

1. What Is a Dividend?

• A dividend is a portion of a company’s profits that it distributes to its shareholders.

• It’s like a little bonus for being a part-owner of the company!

2. Record Date and Ex-Dividend Date

• The record date for Modison’s dividend is February 23, 2024.

• If you own Modison shares on or before this date, you’re eligible to receive the dividend.

• The ex-dividend date (the day after the record date) is when new buyers won’t get the dividend. So, if you buy shares after February 23, you won’t get this particular dividend.

Share Price Impact

1. Dividends can influence a company’s stock price.

2. When a dividend is announced, investors often feel more positive about the company.

3. This optimism can lead to increased demand for the stock, potentially pushing up the share price.

A Glimpse into Modison’s History

1. Modison has been in the business for quite some time.

2. Its Q3 FY24 results show a profit of ₹4.08 crore and a remarkable 39.1% YoY increase in revenue.

3. The company’s growth trajectory is impressive, and dividends are a way to share that success with shareholders.

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About Modison Ltd :

In the dynamic world of electrical engineering, Modison Ltd stands tall as a trailblazer. With over 50 years of excellence, this Indian company has carved a niche for itself in the global market. Let’s delve into the fascinating world of Modison and explore its remarkable journey.

Who Is Modison Ltd?

Modison Ltd is a leading manufacturer of electrical contacts and copper alloy products. Their commitment to quality and innovation has made them a trusted name in the industry. Here’s what you need to know:

1. Silver Electrical Contact Materials: Modison specializes in producing high-quality silver electrical contact materials. These materials play a crucial role in ensuring efficient electrical connections in various applications.

2. Copper Alloys: Beyond silver, Modison also excels in manufacturing high-performance copper alloys. These alloys find applications in diverse sectors, including switchgear, automotive, aerospace, and more.

3. ISO-Certified Excellence: Modison holds ISO certifications, including ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018. These certifications reflect their unwavering commitment to maintaining the highest standards of quality.

Product Range

Modison’s product portfolio covers a wide spectrum:

1. Low Voltage (LV) Electrical Contacts: These contacts are essential components in low-voltage switchgear systems. Modison ensures their reliability and durability.

2. Medium & High Voltage (MV & HV) Electrical Contacts: For medium and high-tension switchgear, Modison provides top-notch electrical contacts. These play a critical role in power distribution and control.

3. High-Performance Copper Alloys: Modison’s copper alloys are engineered for excellence. Whether it’s industrial motors, railways, or marine applications, these alloys deliver outstanding performance.

4. Silver Bullion: Modison’s Kilobar, India’s first 999 fine silver refinery, produces high-purity silver bullion.

Global Reach

Modison’s impact extends beyond India. They export their products to over 20 countries worldwide. Their clientele includes prestigious industries across various sectors.

Modison Ltd’s dividend announcement is a significant event for investors. Whether you’re a seasoned investor or just starting out, understanding dividends and their impact is crucial. Keep an eye on Modison’s stock price around the record date, and remember that dividends are a sweet reward for being part of the corporate journey.

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