5 Companies That Declared High Dividend Last Week

5 leading companies declared attractive dividends last week as they announced the quarterly results. These companies are Abbott India, BEL, Zydus Lifesciences, SBI, and ITC. Check details pertaining to these stocks and dividend below:

1. Abbott India Declares Huge Dividend: According to the BSE filing of the company, "Board of Directors at its Meeting held today i.e., May 19, 2023, recommended payment of final dividend of Rs. 180/- and special dividend of Rs. 145/- per equity share of Rs 10/- each for the year ended March 31, 2023, subject to approval of the Shareholders at the ensuing Seventy-ninth Annual General Meeting of the Company scheduled to be held on August 9, 2023." Last trading price of Abbott India is Rs 20,884.85 apiece. Abbott India share gave return of 15% in last 1-year.

2. Zydus Lifesciences Declares Dividend: According to the BSE filing of the company, "final dividend of Rs. 6.00/- (@ 600%) per equity share of Re. 1/- each, subject to approval of the shareholders at the AGM and the Record Date as Friday, July 28, 2023, in compliance with regulation 42(1) of the Listing Regulations, to determine the list of shareholders entitled to receive the final dividend for the Financial Year ended on March 31, 2023 payment of which shall be subject to the approval by the members at the AGM."

Zydus Lifesciences share's last trading price is Rs 494.30 per share. Zydus Lifesciences share gave return of 46% in last 1-year.

3. ITC Ltd: The Board of directors of ITC have recommended a final dividend of Rs 6.75 and special dividend of Rs 2.75 per equity share. Last trading price of ITC share is Rs 419.90 apiece. ITC share gave 52% return in last 1-year.

4. Bharat Electronics Limited: Board of BEL Declares Dividend: According to the regulatory filing of the company, "Pursuant to Regulation 30(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company at their meeting held on 20th May, 2023, inter alia, has recommended a final dividend of Rs 0.60 /- per equity share (60 %) of Rupee 1/- each fully paid-up for the financial year 2022-23 subject to approval by the shareholders in the next Annual General Meeting of the Company."
Last trading price of BEL is Rs 107.05 apiece with intraday fall of 0.56%. The shares of BEL gave return of 41% return in last 1-year.

5. SBI Declares Dividend: According to the BSE filing of the company, "Further, pursuant to Regulation 43 and Regulation 30 (6), we advise that the Central Board of the Bank, at its Meeting held on 18 th May, 2023, has declared a Dividend of Rs. 11.30 per equity share (1130%) for the financial year ended 31st March, 2023. The date of payment of Dividend is fixed on 14 th June, 2023 and the dividend warrants will be dispatched before the date of payment, which will be payable, in India, at par at all branches of State Bank of India, irrespective of the amount."

Last trading price of SBI share is Rs 575.05 apiece. SBI share gave return of 28% in last 1-year.

Disclaimer: The stocks declared dividends last week. 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 check with certified experts before taking any investment decision.