.
open demat account

Dividends are attractive for investors who are looking to generate income. They see dividends as a sign that a company’s management has positive expectations for its future earnings. Here are two companies that have recently declared dividends: 

Wendt (India) Limited 

The Murugappa group company in its board meeting dated January 18, 2023, declared an interim dividend of 300%, i.e., ₹ 30 per equity share (face value ₹ 10). The record date for determining the members eligible to receive the dividend is January 31, 2023. The dividend will be credited by Tuesday, February 14, 2023. 

Wendt (India) is a leading manufacturer of super abrasives, machining tools, and precision components and is a preferred supplier for many industries. It is a joint venture between 3M (via Wendt GmbH) and Carborundum Universal (Murugappa Group). Its shares were trading at ₹ 8486.50 on Monday apiece and it is a small-cap company with a market capitalization of ₹ 1,668 crores. Wendt has a dividend yield of 0.63%. 

Mastek Ltd 

The company’s board on Friday approved an interim dividend of ₹ 7 per equity share, i.e., 140% of the face value of ₹ 5.00 each. The record date for determining the eligibility of shareholders for receiving the dividend is fixed as Wednesday, February 01, 2023. 

Mastek provides vertically-focused enterprise technology solutions. With a history of more than 40 years in the IT sector, it has evolved from an IT solutions provider to a digital transformation partner. Its shares were trading at ₹ 1,611.10 apiece and it is a small-cap company with a market capitalization of ₹ 4,966 crores. Mastek has a dividend yield of 0.80%. 

Written by Simran Bafna 

To stay updated with the Latest Stock Market news, download our app here!

For editorial purposes, contact news@tradebrains.in


Start Your Financial Learning Journey

Want to learn Stock Market and other Financial Products? Make sure to check out, FinGrad, the learning initiative by Trade Brains. Click here to start your financial learning journey with us. And do not miss out on the Introductory Offer!!