Dividend Stock Alert: Rs 100 per share payout by this iron

Abex Alloy Products Limited has fixed September 2, 2026 as the record date to determine shareholders eligible to receive the company’s recommended dividend of Rs 100 per share. The announcement comes after the company reported a strong performance in the first quarter, with net profit rising 30.5 per cent year-on-year to Rs 7.25 crore. The total dividend comprises a final equity dividend of Rs 40 per share, equivalent to 400 per cent of the face value, and a special dividend of Rs 60 per share, equivalent to 600 per cent of the face value. The special dividend is linked to the disposal of an investment property in Thane. Shareholders holding the company’s equity shares on the record date will be eligible for the dividend. The payout will be made on or after September 16, 2026, subject to approval at the company’s upcoming Annual General Meeting (AGM).