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.
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.
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
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