Vantage Knowledge Academy: Interim Dividend and Bonus Shares Announced

Education provider Vantage Knowledge Academy Limited has declared an interim dividend and a bonus share issue, exciting its investors. The announcement was made via an exchange filing on Tuesday, January 7, 2025.

Interim Dividend Details

  • Dividend Amount: ₹0.10 per equity share (10% of the ₹1 face value per share).
  • Record Date: January 17, 2025.
  • Payout Timeline: Dividend will be distributed within 30 days.
  • Total Dividend Payout: ₹1.13 crore.

Bonus Share Issue

Vantage Knowledge Academy also unveiled a 2:1 bonus share issue, meaning shareholders will receive two additional shares for every share held.

  • Funding Source: The company will utilize ₹22.76 crore from its free reserves for this initiative.
  • Paid-Up Share Capital Increase: Post-bonus issue, the capital will rise from ₹11.38 crore to ₹34.15 crore.

Stock Performance

  • Tuesday’s Close: Shares surged 4.98% to ₹197.10 from the previous close of ₹187.75.
  • 52-Week High: ₹270.70 (December 17, 2024).
  • 52-Week Low: ₹10.81 (January 10, 2024).
  • Market Capitalization: ₹2,243.49 crore as of January 7, 2025.
  • Five-Year Growth: The stock has skyrocketed 14,600% in the last five years.

About Vantage Knowledge Academy

Vantage Knowledge Academy Ltd specializes in education services for individuals pursuing careers in finance and banking, particularly catering to Commerce students and graduates.

This announcement of an interim dividend and bonus issue demonstrates the company’s commitment to rewarding its shareholders while supporting its aggressive growth strategy. Investors are advised to monitor this stock closely as it continues to perform impressively.

Disclaimer: This information is for educational purposes only and does not constitute financial advice. Investors should consult with a financial advisor before making investment decisions.

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