12 High Dividend Announcements Made Till June 3

Out of the several companies that posted their fourth quarter and full-year performance, some of the companies even announced dividends last week. There are 12 companies we identified that have announced high dividends of up to 3000%. The details of each are given below.

1. JB Chemicals

The board of directors of JB Chemicals on May 29 recommended a final dividend of Rs. 9.25 (462.50 %) per equity share of the face value of Rs 2 for the year 2022-23. The company has fixed August 17, 2023, as the record date to ascertain the eligibility of the beneficial owners/shareholders of the Company to receive the final dividend.

The latest market price of the company stock is Rs 2121.20 per share. Its 52-week high is at Rs 2,223.95 per share and its 52-week low is at Rs 1,339.05 per share.

2. Lumax Auto Technologies

On May 30 the board of Lumax Auto Technologies recommended a final dividend of Rs 4.50 per equity share (225%) of the face value of Rs 2 for the Financial Year 2022-23. No details of the record date were shared by the company yet.

The latest market price of the company stock is Rs 348.15 per share. Its 52-week high is at Rs 361.75 per share and its 52-week low is at Rs 151.95 per share.

3.3M India

3M India's board of directors at the meeting held on May 30 has recommended payment of a final dividend of Rs 100 (3000%) per equity share of face value Rs 10 each, for the financial year 2022-23, subject to the approval of the shareholders of the company at the ensuing Annual General Meeting.

Further, the board of directors has fixed July 26, 2023, as the record Date for determining the entitlement of the shareholders for the payment of the aforesaid final dividend.

The current price of the company's stock is Rs 26,249.55 per share. Its 52-week high is at Rs 26,500 per share and its 52-week low is at Rs 19,418.60 per share.

4. Gloster

In its board meeting held the directors recommended a dividend of 200% (i.e. Rs 20 per share) for the financial year 2023, subject to the approval of shareholders at the AGM. The company announced that the share transfer books of the company will remain closed from 30th July 2023 to 5th August 2023 (both days inclusive) for AGM for the financial year ending March 31, 2023.

The company has fixed July 29, 2023, as the record date to ascertain the eligibility of the beneficial owners/shareholders of the company to receive the final dividend.

The current market price of the company stock is Rs 712.45 per share. Its 52-week high is at Rs 1,012.40 per share and its 52-week low is at Rs 425 per share.

5. Munjal Showa

At the company board meeting held on May 30, 2023, the board approved a dividend of 225% (Rs 4.50 per equity share of Rs 2 each for the financial year 2022-23, subject to the approval of shareholders. The dividend, if declared at the ensuing AGM, will be paid within 30 days from the date of the AGM.

Further, it was given that the register of embers and share transfer books of the company will remain closed from Saturday, August 05, 2023, to Tuesday, August 22, 2023 (both days inclusive) for AGM and determining entitlement of the members of the dividend.

The current market price of the company stock is Rs 111.95 per share. Its 52-week high is at Rs 122.11 per share and its 52-week low is at Rs 83.40 per share.

6. Neelamalai Agro Industries

The Board of Directors of Neelamalai Agro Industries at its meeting held on May 30, 2023, recommended a final dividend of Rs 30 per share (300%) with a face value of Rs10 each amounting to Rs 186.63 Lakhs for the Financial Year 2022-2023.

The company has scheduled AGM for Thursday, August 24, 2023, and further informed that the register of members and the share transfer books of the company will remain closed from 18.08.2023 to 24.08.2023 inclusive of boat days for the final dividend and AGM.

The latest market price of the company stock is Rs 3405.50 per share. Its 52-week high is at Rs 4,380 per share and its 52-week low is at Rs 2,952.75 per share.

7. Apollo Hospital

Apollo Hospital directors have recommended a final dividend of Rs 9 per equity share (180%) of the face value of Rs 5 per share to the shareholders of the company for FY2022-23. The board has fixed the record date as Saturday, 19th August 2023 to determine the names of the shareholders who are entitled to the final dividend and also for AGM.

The dividend is subject to approval by shareholders at the AGM and on approval it will be paid, subject to deduction of tax at source, on and from September 9, 2023.

The current market price of the company stock is Rs 4,957.90 per share. Its 52-week high is at Rs 5,000.90 per share and its 52-week low is at Rs 3,528.20 per share.

8. Morganite Crucible (India) Limited

The board of directors in their meeting held on May 30, 2023, has recommended a final dividend of Rs 11 (220%) per equity share subject to the approval of the members in their AGM of the company to be held on Tuesday, August 29, 2023. No details of the record date or book closure details were shared by the company yet.

The latest market price of the company stock is Rs 967.55 per share. Its 52-week high is at Rs 1,220 per share and its 52-week low is at Rs 832.60 per share.

9. Page Industries

the board of directors of Page Industries approved an interim dividend of 2022-23 of Rs 60 per equity share (600%). the board also fixed June 2, 2023, as the record date for the payment of an interim dividend. The date fixed for payment of the dividend is on or before 23 June 2023.

The current market price of the company stock is Rs 38,485. per share. Its 52-week high is at Rs 54,262.30 per share and its 52-week low is at Rs 34,968.60 per share.

10. FIEM Industries

Through a securities exchange filing, FIEM Industries' board of directors announced a final dividend at the rate of Rs 30 per share (300%) for the financial year 2022-23, which is subject to the approval of shareholders at the AGM.

The Register of Member and Share Transfer Books of the Company will remain closed from July 22, 2023, to July 28, 2023 (both days inclusive) for taking record of the members of the company. The company has set July 21, 2023, as the record date to note the names of eligible shareholders of the company.

The final dividend, if declared at the AGM, will be paid or dividend warrants/DDs will be dispatched to the shareholders on or before August 14, 2023.

The latest market price of the company stock is Rs 1,779.70 per share. Its 52-week high is at Rs 2,084.60 per share and its 52-week low is at Rs 980.10 per share.

11. Greenlam Industries

The Board of Directors of the small-cap company has approved a final dividend of 1.50 (150%) per equity share of Re1 each for the financial year ending 31st March 2023. The company has fixed Friday, June 30, 2023, as the record date for determining the eligible members of the Company for payment of final dividend.

The company will pay the dividend within 10 days of its approval by the shareholders of the company at its forthcoming annual general meeting scheduled to be held on Friday, August 04, 2023.

The current market price of the company stock is Rs 363.95 per share. Its 52-week high is at Rs 380 per share and its 52-week low is at Rs 280 per share.

12. NRB Bearings

The board of directors of NRB Bearings approves declaring an interim dividend of Rs 4.10 (Rupees per equity share of face value Rs 2/- each, (205%). The interim dividend shall be paid to all members whose names appear on the Register of Members as on the Record Date, i.e., June 9, 2023.

The company even recommended an additional dividend of Rs 1 per equity share of face value Rs. 2 each i.e. 50%, for the financial year ended March 31, 2023. The same will be paid out to the Members of the Company within 30 (thirty) days of its declaration and approval by the Members at the ensuing AGM of the company.

The latest market price of the company stock is Rs 173.10 per share. Its 52-week high is at Rs 186 per share and its 52-week low is at Rs 115 per share.

Disclaimer

This article is for information purposes only and highlights stocks that declared a good on dividends. The article should be treated as informational and not an advisory to invest. Neither the author nor Greynium Information Technologies Pvt Ltd should be held responsible for decisions based on this article.