7 Stocks To Watch In July For Over 1000% To 2800% Dividend Payout

L&T Technology, LTIMindtree, Titan Company, Bosch, Abbott India, 3M India and Hero Motocorp are the 7 stocks that will pay huge dividends to their eligible shareholders soon. Among these stocks, the dividend amount ranges from 1000% to 2800% for FY23 and is worth watching in July.

L&T Technology Services

The Board of Directors of the company have recommended a final dividend of 1,500 % i.e. Rs. 30/- per equity share of face value of Rs 2.00/- each, subject to approval of the shareholders of the Company.

"Pursuant to Regulation 42 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the Company has fixed Friday, July 7, 2023, as the "Record Date" for the purpose of determining the Members eligible to receive dividend for the financial year 2022-23," said L&T Technology Services in a stock exchange filing.

On Friday, the shares of L&T Technology Services closed on the BSE at Rs 3931.70 apiece up by 2.24% from the previous close of Rs 3845.55.

LTIMindtree

The Board of Directors of LTIMindtree have recommended a final dividend of Rs. 40 per equity share of Re. 1 each, for approval of the shareholders.

"We wish to inform you that the Record Date for determining entitlement of members to the final dividend for the financial year ended on March 31, 2023, if approved at the AGM, is fixed as Monday, July 10, 2023 and shall be paid within 30 days from the declaration," said LTIMindtree in a stock exchange filing.

The shares of LTIMindtree closed on Friday at Rs 5198.20 apiece up by 2.11% from the previous close of Rs 5090.75 on the BSE.

Titan Company

The Board has recommended a Dividend of Rs 10.00 per equity share or 1000% of Rs 1 each of the company which shall be paid/dispatched on or after the seventh day from the conclusion of the 39th Annual General Meeting subject to approval of the shareholders of the Company.

The company has fixed Thursday 13th July 2023 as the record date in order to determine the eligibility of the shareholders for the purpose of dividend.

On Friday, the shares of Titan Company closed on the BSE at Rs 3048.60 apiece up by 0.78% from the previous close of Rs 3024.95.

Bosch

The Board of Directors of Bosch have recommended a final dividend of Rs 280/· per equity share of Rs 10 each or 2800%, subject to approval of shareholders. The said final dividend, if declared, by the shareholders at the ensuing Annual General Meeting will be paid/dispatched on or after August 10, 2023.

As per the data of BSE, the ex-dividend date of Bosch is 14 July 2023 and due to the T+1 settlement mechanism of the company, the record date will also fall on the same date.

On Friday, the shares of Bosch closed on the BSE at Rs 19067.40 apiece up by 1.92% from the previous close of Rs 18708.95.

Abbott India

The Board of Directors of the company have recommended payment of a final dividend of Rs. 180/- or 1800% and a special dividend of Rs. 145/- or 1450% per equity share of Rs 10/- each for the year ended March 31, 2023, subject to the approval of the Shareholders at the ensuing Seventy-ninth Annual General Meeting of the Company scheduled to be held on August 9, 2023.

"Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Company has fixed Friday, July 21, 2023 as the Record Date for determining entitlement of Members to Final and Special Dividends for the financial year ended March 31, 2023. The aforesaid Dividends, if approved by the shareholders at the forthcoming Seventy Ninth Annual General Meeting of the Company, will be paid on or after Wednesday, August 16, 2023," said Abbott India in a stock exchange filing.

On Friday, the shares of Abbott India closed on the BSE at Rs 23414.70 apiece up by 0.84% from the previous close of Rs 23219.25.

3M India

"The Board recommended a final dividend of Rs. 100/-per equity share of Rs. 10/- each, subject to approval of shareholders at the ensuing Annual General Meeting. The said final dividend, if declared, by the shareholders at the ensuing Annual General Meeting will be paid/dispatched within 30 days after the Annual General Meeting. The Board of Directors have fixed July 26, 2023 as the Record Date for determining the entitlement of the shareholders for the payment of aforesaid Final Dividend subject to approval of shareholders at ensuing Annual General Meeting," said 3M India in a stock exchange filing.

On Friday, the shares of 3M INDIA closed on the BSE at Rs 26977.00 apiece down by 0.89% from the previous close of Rs 27220.10.

Hero Motocorp

The Board of Directors of the company have recommended a final dividend subject to the approval of members @ 1750% i.e. Rs. 35 per share (face value of Rs. 2 per equity share). The dividend, if declared at the ensuing AGM, will be paid by September 8, 2023.
As per the data of BSE, Hero Motocorp has fixed 27 July 2023 as the ex-dividend date and due to the T+1 settlement type of the company the record date is also falling on the same date/day.

Disclaimer

The stock just highlights the dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.