Dividend Stocks Jan 2024: 3 Big Companies Set To Announce Dividend

Three leading companies are all set to declare dividend in January 2024. These companies are Ksolves India Ltd, Shree Cement Ltd, and Large cap Tata Group stock Tata Consultancy Services. The companies have already fixed record date for interim dividend as well. Check details below:

1. TCS To Declare Interim Dividend On Jan 11: The company issued its BSE filing on December 29, 2023 stating, "meeting of the Board of Directors of Tata Consultancy Services Limited is scheduled to be held on Thursday, January 11, 2024, inter alia to:

i. approve and take on record the audited standalone financial results of the Company under Indian Accounting Standards (Ind AS) for the quarter and nine month period ending December 31, 2023;

ii. approve and take on record the audited consolidated financial results of the Company and its subsidiaries under Ind AS for the quarter and nine month period ending December 31, 2023; and

iii. consider declaration of third interim dividend to the equity shareholders."

TCS Fixes Record Date For 3rd Interim Dividend: As per the BSE filing declared on December 29, "The third interim dividend, if declared, shall be paid to the equity shareholders of the Company whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Friday, January 19, 2024, which is the Record Date fixed for the purpose."

TCS Share Performance: Current market price of TCS Share on BSE is Rs 3782.75 per share with intraday fall of 0.32%. TCS shares declined 1.96% in last 2-weeks, gained 15% in last 6-months, and offered return of 16% in last 1-year.

2. Shree Cement Ltd To Declare Dividend on Jan 31: Large cap cement sector company Shree Cement Ltd announced on December 28, 2023 bout its upcoming meeting of board of directors scheduled to be held on January 31, 2023. The company will consider financial results and interim dividend for financial year 2023-24. Shree Cement set February 8, 2023 as record date.

As per the BSE filing of the company, "the Board of Directors of the Company on Wednesday, 31st January, 2024 for consideration of Standalone and Consolidated Financial Result for Quarter and Nine Months ending on 31st December, 2023. We would like to inform you that declaration of Interim Dividend for the Financial year 2023-24, if any, shall be considered by the Board of Directors of the Company in the above meeting."

Shree Cement Sets Record Date For Dividend: The BSE filing further stated, "We further inform that, pursuant to Regulation 42(1)(a) of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, the Record Date for payment of Interim Divided, if declared by the Board in the above meeting, shall be Thursday, 8th February, 2024."

Shree Cement Share Performance & Return: Current market price of Shree Cement share on BSE is Rs 28,654.50 per share with intraday gain of 0.12%. Shree Cement shares offered return of 20% in last 6-months and soared 23% in last 1-year.

3. Ksolves India To Declare Interim Dividend: Board of directors of small cap IT Software sector company, Ksolves India Ltd fixed January 26, 2023 as the record date for dividend, if declared. The company will also approve the unaudited financial results of the company in its meeting scheduled to be held on January 18, 2023.

As per the BSE filing of the company dated December 19, 2023, "filing of the company issued as on December 19, 2023, "we hereby inform you that a meeting of the Board of Directors of Ksolves India Limited is scheduled to be held on Thursday, January 18, 2024, inter alia to:

1. Approve and take on record the U n - Audited Standalone Financial Results of the Company for the quarter and nine months ended December 31, 2023;

2. Approve and take on record the U n - Audited Consolidated Financial Results of the Company for the quarter and nine months ended December 31, 2023;

3. To recommend Interim Dividend: The record date for the dividend if declared, shall be Friday, January 26, 2024."
Ksolves India Share Outlook & Return: Current market price of Ksolves India share on BSE is quoted at Rs 1237.25 per share with intraday gain of 4.48%. Ksolves India shares soared 37% in last 6-months and gained 191% in last 1-year.

Disclaimer:

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