Dividend Stocks: 5 Companies Set To Pay Dividend Soon, Record Date Fixed

5 Companies recently fixed record date for dividend. These companies are Rico Auto Industries, J Kumar Infraprojects, TV Today Network Ltd, S Chand and Company Ltd, and ABB India Ltd. Shareholders of these stocks can fetch maximum up to 275% dividend. Some of these stocks offered multibagger returns in last few years. Check details below:

1. Rico Auto Industries: Last trading price of Rico Auto Industries share is Rs 86.68 per share. Rico Auto Industries shares witnessed sharp correction of 16.64% on August 14, 2023. In last 1-year, Rico Auto Industries stock rallied 81% and gave return of 184% in last 3-years.

As per the BSE filing dated August 14, 2023, the company fixed September 22, 2023 as the record date for dividend. The board of directors of the company on May 29, 2023 recommended a dividend of Re.0.75 (75%) per Equity Share of Rupee One each, subject to the approval of Shareholders, for the financial year 2022-23."

2. J.Kumar Infraprojects: Last trading price of J.Kumar Infraprojects share is Rs 390.15 apiece with intraday fall of 2.36%. Its 52-week high price is Rs 418.65 apiece. J.Kumar Infraprojects stock rallied 51% in last 6-months, soared 26% in last 1-year, and gave return of 285% in last 3-years.

As per the BSE filing of the company dated August 14, 2023, "There is no change in the intimation for Book Closure Dates and the Company has fixed 14th September, 2023 (earlier inadvertently mentioned as 15th September, 2023) as the record date to ascertain the names of the Members who would be entitled to receive Dividend of Rs. 3.50 (70%) per Equity Share of face value of Rs. 5 each for the Financial Year 2022-23, if approved by the shareholders at the ensuing AGM."

3. TV Today Network Ltd: The stock recorded an intraday decline of 6.31% on August 14, 2023. Last trading price of TV Today Network share is Rs 198.20 apiece. The small cap stock fixed September 14, 2023 as the record date for payment of dividend. TV Today Network stock fell 28% in last 1-year and 32% in last 2-years.
The company earlier this year on May 16, 2023 2 recommended Final Dividend subject to approval of members @ 60% viz Rs. 3.00 per equity share having face value of Rs. 5/- each for the Financial Year 2022-2023. The dividend, if declared at the 24th Annual General Meeting shall be paid/dispatched on or before 30th day from the conclusion of the Annual General Meeting (AGM).

4. ABB India Ltd: The company revised record date for special dividend on equity shares of the company for the FY 2023 to August 25, 2023 from August 21, 2023. Last trading price of ABB India Ltd share is Rs 4352.30 apiece with intraday fall of 3.85%. Its 52-week high price 4615.00 apiece and 52-week low price is Rs 2640.45 apiece, respectively. It has a market capitalisation 92,228.88 crore. In last 1-year, ABB India shares surged 56%, gave return of 149% in last 2-years, and 359% return in last 3-years.
According to the BSE filing of the company, "Considering the strong performance and cash position, the Board approved a special dividend of 275% (INR 5.50 per share)."

5. S Chand and Company Ltd: Last trading price of the small cap stock is Rs 196.20 apiece with intraday gain of 0.69%. It has a market capitalisation of Rs 690.96 crore.

S Chand and Company stock rallied 39% in last 1-year and soared 195% in last 3-years. The company fixed August 11, 2023 as the record date for payment of final dividend. The dividend will be paid from October 1, 2023.

The company on May 30, 2023 recommended a final dividend of Rs. 3/- per share to the equity shareholders of the Company for the financial year ended March 31, 2023.

Disclaimer: The stocks just highlights the dividend and are 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 ay losses. Please consult a professional advisor.