Voltamp Transformers rallies 10% on dividend bounty, good Q4 results

The board recommended a total dividend of Rs 22.50 per share, which includes a one-time special dividend of Rs 7.5 per share for the achievement of all-time high net sales in the company's history.

Voltamp Transformers on Thursday hit its 52-week high of Rs 1,190 apiece in early morning trade on the BSE, supported by the 10 per cent rally after the company recommended a total dividend of Rs 22.50 per share for the year ended March 31, 2019. 

This included one-time special dividend of Rs 7.5 per share to commemorate achievement of all-time high net sales in the history of the company apart from a dividend of Rs 15 per share being given at 150 per cent.

The stock surpassed its previous high of Rs 1,177 touched on April 1, 2019 in intra-day