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17 Stocks That Announced Dividends Upto 950% This Week
In the ongoing results season, several big, small, and medium companies are posting their Q4FY23 results. Besides the quarterly performance numbers, the companies are announcing dividends, which are yet to be approved in the ensuing annual general meeting of each company.
However, we have rounded off 17 such companies that have announced dividends, (be it final, interim, and special) that are higher than 100% in the last week, starting from May 15 till May 19 2023. The details are given below.
| Company Name | Dividend (%) | Market cap (Rs in crore) | Latest market price (Rs/share) | Market category |
|---|---|---|---|---|
| Tube Investments of India Ltd | 150 | 52,126.40 | 2,698.65 | Mid cap |
| Navin Fluorine International Ltd | 350 | 22,617.47 | 4,562.15 | Mid cap |
| Coromandel International Ltd | 600 | 27,238.90 | 926.45 | Mid cap |
| Safari Industries Ltd | 100 | 6,018.52 | 2,538.25 | Small cap |
| MPS Ltd | 200 | 1,712.46 | 1,001.10 | Small cap |
| Siyaram Silk Mills Ltd | 200 | 2,664.80 | 568.55 | Small cap |
| Redington Ltd | 360 | 13,201.26 | 168.90 | Mid cap |
| Granules India Ltd | 150 | 6,671.91 | 275.65 | Mid cap |
| Bank Of Baroda | 275 | 94,067.08 | 181.9 | Large cap |
| SKF India Ltd | 400 | 21,590.30 | 4,367.15 | Mid cap |
| Thermax Ltd | 500 | 26,447.93 | 2,219.60 | Mid cap |
| Jindal Saw Ltd | 150 | 5,973.01 | 186.80 | Mid cap |
| PI Industries | 550 | 49,657.34 | 3,273 | Large cap |
| Century Enka | 100 | 853.92 | 390.80 | Small cap |
| Bata India Ltd | 270 | 19,703.91 | 1,533.05 | Large cap |
| Clean Science & Technology Ltd | 300 | 15,872.57 | 1,494.05 | Small cap |
| ITC Ltd | 950 | 5,21,852.46 | 419.90 | Large cap |
Most of the above-mentioned companies have set record dates in June or July to note the names of eligible shareholders that would get the dividends. While some of them are yet to disclose the record date, only ITC has set May 30, 2023, as the cut-off date to record the names of the eligible shareholders for dividends including the special dividend.
Additionally, the stocks of Safari Industries and MPS have been put under additional surveillance measures by the stock market regulator SEBI.
Disclaimer
This article is for information purposes only and not a recommendation to buy, sell or hold a stock. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to consult with certified experts before making any investment decision.
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