GMDC: Dividend declared💰

I had written about GMDC being a dividend candidate earlier in the post 👉 Dividend Candidate(#1): GMDC🤑 and had considered this year’s dividend to be Rs. 3/- share. But this year the dividend declared in Rs. 2/- share (100% face value). The dividend is usually declared in September and the payout happens by October. But…

Dividend Candidate(#1): GMDC🤑

Not a great company; not even average; below average would be apt. Then why start with this? Because the dividends they dole out is quite surprising. Here’s a snapshot from 2015: Gujarat Mineral Development Company (Ticker NSE: GMDCLTD) CMP: Rs. 55.35/- (NSE, 10 Dec 2019) [1]Established in 1963,  it’s a state owned enterprise – 74%…