Dividends are considered important while investing in the stock market as they prove to be a reliable source of income even if the markets are volatile. Here are two large cap stocks that have reached their new 52-week high on Tuesday and are coming up with dividends in August.
Varun Beverages Limited
The shares of Varun Beverages Limited opened at Rs 959 on Tuesday up by 4% from the previous close of Rs 926 and logged a new 52-week high. In the last five days, the stock has added more than 6%. In a month the stock has zoomed by 18%.
The stock has been rallying from the start of the year and has gained more than 58% YTD.
The beverage company is coming up with interim dividends in August. It is set to pay Rs 2.50 per share. For this purpose, they set the Record date as August 12, 2022. The interim dividend will be paid on and from August 16, 2022.
In Q1FY22, the Net Sales of the company stood at Rs 4,954.81 crore, up 99.55% from Rs. 2,483.04 crores which it earned in June 2021.
Their quarterly Net Profit amounted to Rs. 787.44 crores in June 2022 up 155.52% from Rs. 308.17 crores in June 2021.
Varun Beverages Limited is an Indian company that produces, bottles, and distributes beverages. It is also the second largest bottling company of PepsiCo’s beverages in the world outside the United States. The stock has a market capitalization of Rs 60,313 crores and a dividend yield of 0.27%.
Coal India Limited
The shares of Coal India Limited opened at Rs 213 on Tuesday and zoomed by 2% to reach its new 52-week high of Rs 216. In the last five days, the stock has added more than 5%. In a month the stock has zoomed by 16%.
The stock has been on an upward trend from the start of the year and has gained 36% YTD.
The coal company announced a dividend of Rs 3 per share in August. For this purpose, it has set the record date as August 12, 2022.
The company is yet to announce its Q1 results for FY22. On a yearly basis, the company earned a revenue of Rs 1,09,713 crores in FY22 against Rs 90,026 Crores which it earned a year prior.
In FY22, their net profit rose to Rs 17,387 crores up from Rs 12,705 Crores in FY21.
Coal India Limited (CIL) is an Indian government-owned coal mining and refining corporation. It is the largest coal producer in the world and a Maharatna public sector undertaking (PSU). The stock has a market capitalization of Rs 1,31,081crores and a dividend yield of 7.98%.
Written by – Anoushka Roy
Disclaimer
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
