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The first trading day of August started on a positive note. The benchmark indices are trading in green and the market sentiments seems to be optimistic. Amid this here is a list of companies that are about to pay dividends of more than 1000% this week. Investors can buy shares before the ex-date so as to be eligible to receive dividends. 

Abbott India Limited 

The Pharmaceuticals giant has announced a special dividend of 1300% of its face value of Rs 10 which amounts to Rs 130 per share and a final dividend of 1450% of its face value which comes down to Rs 145 a share. The stock will turn ex-dividend on August 2. Abbott India dividend record date is August 4. 

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Abbott India Limited has a dividend yield of 1.34%. On Monday, the shares of the company closed at Rs 20,471. 

United Breweries Limited 

The alcohol manufacturing company has announced a final dividend of 1050% of its face value of Rs 1 which adds up to Rs 10.5 per share. The record date is August 5 and the ex-dividend date is August 3, 2022. 

United Breweries Limited has a dividend yield of 0.65%. On Monday, the shares of the company closed at Rs 1,622. 

Maruti Suzuki India Limited 

The auto major has announced a final dividend of 1200% of its face value of Rs 5 which amounts to Rs 60 per share. The company’s dividend ex-date is August 3 and the record date is August 5. 

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Maruti Suzuki India Limited has a dividend yield of 0.67%. On Monday, the shares of the company closed at Rs 8,994. 

Bata India Limited 

The footwear company has announced a 1050% of its face value of Rs 5 which equals to Rs 50.5 per share special dividend for its shareholders in addition to a final dividend of 80% of its face value which equals to Rs 4 per share. The footwear stock will go ex-dividend on August 4 and the record date is August 6. 

Bata India Limited has a dividend yield of 2.75%. On Monday, the shares of the company closed at Rs 1,985. 

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.

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