Dividends, one of the most popular terms associated with capital markets, is usually defined as a payment that a company makes to its shareholders. The dividends are paid in the form of cash (cash dividends) or in the form of additional shares of the company (stock dividends).
Listed below are three stocks that will be paying a dividend of up to 1,250 percent on their respective Face Value for FY22-23:
Gulf Oil Lubricants India Limited
With a market capitalization of Rs 3,101.18 crores, the stocks of Gulf Oil Lubricants India Limited, engaged in the business of manufacturing, marketing, and trading lubricants & greases, are currently trading at Rs 632.55, gaining around 2 percent as compared to the previous closing levels of Rs 620.25 apiece.
The company’s Board has fixed 25th August 2023 as the ex-date for the purpose of paying a Final Dividend of Rs 25. The same exhibit a payout of 1,250 percent compared to the Face Value of Rs 2.
Vinati Organics Limited
With a market capitalization of Rs 18,597.90 crores, the stocks of Vinati Organics Limited, involved in the process of manufacturing specialty chemicals and other organic intermediaries, are currently trading at Rs 1,809.45, trading flat as compared to the previous closing levels of Rs 1,810.95 apiece.
The company’s Board has fixed 1st September 2023 as the ex-date for the purpose of paying a Final Dividend of Rs 7. The same exhibit a payout of 700 percent compared to the Face Value of Rs 1.
Banco Products (India) Limited
With a market capitalization of Rs 3,776.18 crores, the stocks of Banco Products (India) Limited, a manufacturer and seller of copper-brass, aluminum radiators, are currently trading at Rs 528, gaining around 0.80 percent as compared to the previous closing levels of Rs 523.75 apiece.
The company’s Board has fixed 7th September 2023 as the ex-date for the purpose of paying a Final Dividend of Rs 14. The same exhibit a payout of 700 percent compared to the Face Value of Rs 2.
Written by Amit Madnani
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