How is it possible for the company to distributes dividends to their shareholders when the company shares price is not doing well ?
For ex. Taparia Tools Ltd pays a Div. Yield of 1476.19% whereas the annual share price return is -9.25%.
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Dividend has nothing to do with the share price. It is a way of distributing profits among the shareholders.
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Moreover Taparia tools is a listed but unquoted share where private dealers were quoting 2500-3500 CUM bonus 4 share on 1 share … it is traded EX bonus since 11 July 2023…
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Have you seen the financials for the same company?
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Yes, i have seen