Board Of 3 Stocks Set To Pay Upto 8500% Dividends, Record Date Next Week, Do You Own?

Dividends are the rewards that can be paid by a listed company to its shareholders if the company's board decides to. Dividends also attract fresh investors. Here 3 such stocks have been mentioned that are giving upto 8500% dividend.

3M India

The board of 3M India announced an interim Dividend of 400%, (Rs. 850/- per equity share of face value Rs. 10/- each). The Interim Dividend shall be paid/dispatched to the shareholders on or before December 9, 2022. The company has fixed November 25, 2022 as the record date for its dividend payment. The share price of 3M India stood at Rs. 24,100 at the time of writing, on November 15. In the past 16 months this stock's share price gained by 34.07%.

Ipca Labs

The board of 3M India announced an interim Dividend of 400%. The company has fixed November 23, 2022 as the record date for its dividend payment. The dividend declared which will be paid by the Company to the eligible shareholders on or before 7th December, 2022. The ex-dividend date will be November 22, 2022. The share price of Ipca Labs stood at Rs. 869.95 at the time of writing, on November 15. In the past 1 year this stock's share price fell by 19.20%

Polyplex Corp

The board of Polyplex Corp announced an interim Dividend of 550% (special dividend of 350%). The company has fixed November 25, 2022 as the record date for its dividend payment. The ex-dividend date will be November 24, 2022. The company's net profit of increased 19.76% to Rs. 115.02 crore in Q2 FY23, as against Rs. 96.04 crore in Q2 FY 22. Also, sales gained 35% to Rs. 2089.29 crore in Q2 FY23.

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, and the author are not liable for any losses caused as a result of decisions based on the article. This article only incorporates recent stock-related information about the companies.