Top 3 Stocks Announce To Pay Upto 360% Dividend In November: Buy Now?

A listed company can offer dividends after making a healthy profit in a quarter to attract fresh investors. Here 3 top stocks have been discussed that have announced to pay the dividend in November, 2022.

Tech Mahindra

Tech Mahindra. A top multibagger IT stock has declared a Special dividend of Rs. 18/- per equity share of Rs. 5/- each i.e. 360% of the face value. Fixed 10th November, 2022 as the Record Date for determining the members entitled to receive the Special Interim dividend. On NSE, its share price closed at Rs. 1,054/share, till last traded. In the last 1 month its share price gained by 3%

Power Grid

Board of Directors, of maharatna stock Power Grid has approved the payment of Interim Dividend of Rs. 5/- per equity share of Rs. 10/- each (at 50% of the paid-up equity share capital) for the Financial Year 2022-23. The Interim Dividend shall be paid to the Members on 30th November, 2022. On NSE, its share price closed at Rs. 226.80/share, till last traded. In the last 1 month its share price gained by 8.31%

LT Foods

LT Foods declared an Interim dividend of Re. 0.50 per share on equity shares of Re. 1/- each for the financial year 2022-23. The Company has further fixed Friday, November 11, 2022 as the record date to determine eligible shareholders entitled to receive the Interim Dividend. On NSE, its share price closed at Rs. 119.95/share, till last traded. In the last 1 month its share price gained by 2.30%

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.