Among the prominent names, Procter & Gamble Hygiene and Health Care has announced a final dividend of 650% at Rs 65 per share, one of the largest payouts in this list. Vedant Fashions has also declared a substantial dividend of 800% at Rs 8 per share, making it another highlight for income-seeking investors.
Other key companies include Jyothy Labs, which has declared a 350% dividend at Rs 3.5 per share, and Magna Electro Castings, offering a 60% dividend at Rs 6 per share. Gujarat Pipavav Port has announced a 42% dividend at Rs 4.2 per share, while Route Mobile Ltd. will distribute a 20% dividend at Rs 2 per share.
Further, several other companies have lined up moderate but steady payouts. AAA Technologies and Abirami Financial Services (India) will both reward shareholders with a 15% dividend at Rs 1.5 per share each.
Aster DM Healthcare and Diamines & Chemicals have each declared a 10% dividend at Rs 1 per share, while Speciality Restaurants has also announced a 10% dividend at Rs 1 per share. Mitsu Chem Plast has declared a smaller 2% dividend at Rs 0.2 per share, and Oriental Rail Infrastructure has declared a 10% dividend at Rs 0.1 per share.
For shareholders, the record date of August 27 means that only those who are on the company’s books as of that date will be eligible to receive the dividends.Since August 27 is a market holiday on account of Ganesh Chaturthi, investors must complete their purchases by the close of trading on August 26 to qualify, as trades take T+1 settlement.Also read: Nazara Tech shares plunge 28% in 4 days, breach brokerage target. What’s ahead?
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