Gujarat Mineral Development Corporation has declared a 475% dividend payout of ₹9.50 per share for the financial year 2025-26. According to the company's exchange filing, the dividend applies to 31,80,00,000 equity shares with a face value of ₹2 each. This translates to a potential payout of ₹950 for investors holding 100 shares of the stock.
The stock turns ex-dividend soon with a record date of September 23, 2026. As reported by ET Now, this means investors must own shares before this date to be eligible for the dividend payout. The company is a Nifty Smallcap 100 stock engaged in the business of industrial minerals, making it a significant player in the smallcap segment.
According to ET Now data, Gujarat Mineral Development Corporation has delivered exceptional returns over the past five years, achieving a multibagger return of over 730%. The stock's recent performance shows a 1-week return of 3.36%, though it has declined 0.77% over the past month and 3.86% year-to-date. The 5-year return stands at 734.08%, demonstrating the company's strong long-term performance despite recent volatility.
The upcoming dividend payout is expected to bring the stock into focus during the upcoming trading session. As reported by ET Now, the company's status as a state-owned enterprise and its position in the Nifty Smallcap 100 index makes it a significant player in the smallcap segment. The substantial dividend payout of 475% represents a significant return for shareholders and could influence trading activity in the stock.
