3 Dividend Recommendations You Should Know About

Earnings for listed companies are being announced and alongside companies are also considering other actions such as mulling over dividend, bonus etc. as per their short or long term objectives.

So, here are two companies' that in board meeting held on April 26 announced final dividend. The shall be disbursed as and when approved by shareholders at the ensuing AGM.

VST Industries:

The cigarettes manufacturing concern in its board meet held today "recommended a final dividend of Rs. 140/- per equity share of Rs. 10/- each. The dividend will be paid/ dispatched within 30 days of the approval of the shareholders at the ensuing 91st Annual General Meeting".

The company has a good record of paying dividend with dividend yield considering last year's final dividend of Rs.114 per share standing at over 3% at the current price of Rs. 3239.5 per share on the NSE.

Atul Ltd

This mid-cap integrated chemicals entity offers products and services including basic chemicals and other chemical products. The company in its board meet held on April 26 "proposed dividend of Rs. 25 /- (Rupees twenty five) per equity share for the year ended March 31, 2022 which is subject to approval of the Members at the ensuing Annual General meeting (AGM) to be held on July 29, 2022. Accordingly, the Register of Members and Share Transfer Books shall remain closed from July 16, 2022 to July 22, 2022 (both days inclusive) for the purpose of ascertaining the eligibility of the Members to receive dividend", said the filing.

"After the approval by the Members at the AGM. date for payment of dividend will be on or after August
03, 2022", it added.

Bajaj Finance

Along with increase in consolidated net profit by 80% YoY, the company recommended a dividend of Rs. 20 per share or 1000% of face value of Rs. 2 each on equity shares for the financial year ended 31 March 2022. The said dividend, if declared, by the shareholders at the ensuing Annual General Meeting, will be credited/dispatched on 1 August 2022 and/or 2 August 2022. The Dividend, if declared, shall be paid to the equity shareholders whose names appear
on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on F ri day, 1 July 2022, which is the Record Date fixed for the purpose.