In the stock markets, a dividend is known as a reward that is offered by a listed company to its shareholders. It can be offered through cash payment, stocks, or any other form. A company generally offers a dividend to its shareholders to provide a part of the profit to them. However, it is not obligatory for a company, but providing dividends can attract more investors to a company because it shows that the company is making a considerable amount of profit margin.
Here, one mid cap and two small cap companies have been mentioned those are offering dividends up to 200%.
Fine Organics
The Board of Fine Organics has announced a final dividend of 180% for the shareholders on May 27, 2022. As per the company, the ex-dividend date is August 11, 2022.
The current market price of Fine Organics stood at Rs. 5,012.25/ share on NSE, falling by only 0.13% in one day, till last traded, although the equity market was down. In the past one year the company's stock price has gained by 75.28%, in the past six months the stock price has gained by 29.72%, while in the past one month the share price has surged by 10.47%, amid a bearish market scenario. Market capitalization of this mid cap company is Rs. 15,415 crore. Considering this consistent gain of the share price, amidst a down market picture, the stocks of Fine Organics can be considered by the investors.
Founded in 1970, the company's range of innovative additives has expanded its reach into several specialty applications in food, plastics, cosmetics, textiles, paints, inks, rubber, and many more. Fine Organics introduced high-quality additives for specialty applications with raw materials from locally-grown plant sources.
FIEM Ind
The Board of FIEM Ind has announced a final dividend of 200% for the shareholders on May 30, 2022. As per the company, the ex-dividend date is August 12, 2022.
The current market price of FIEM Ind stood at Rs. 1,005/ share on NSE, falling by 3.57% in one day, till last traded. In the past one year the company's stock price has gained by 51.21%, in the past six months the stock price has fallen by 9.91%, while in the past one month the share price has surged by 13.55%, amid a bearish market scenario. Market capitalization of this small cap company is Rs. 1,327 crore.
Fiem Industries Limited (FIEM) is one of the leading manufacturers of Automotive Lighting, Signaling Equipment, Rear View Mirrors, Sheet Metal and Plastic Parts in India with the latest addition a Canister. In IPIS (Integrated Passenger Information System), they are manufacturing and supplying a large number of products to Indian Railways. In the LED Luminaries segment, they have developed more than 100 new generations of LED luminaires.
Neelamalai Agro
The Board of Neelamalai Agro has announced a final dividend of 200% for the shareholders on May 30, 2022. As per the company, the ex-dividend date is August 18, 2022.
The current market price of Neelamalai Agro stood at Rs. 3,541/ share on BSE, falling by 2.72% in one day, till last traded. In the past one year the company's stock price has gained by 36.19%, in the past six months the stock price has fallen by 0.65%, while in the past one month the share price has dropped by 4.31%, when the market was quite bearish. Market capitalization of this small cap company is Rs. 220 crore.
Neelamalai Agro Industries Ltd. was incorporated in the year 1946 with the main business being Tea, Trading, and Exports. The main estates under the company are Katary Estate and Sutton Estate. Neelamalai Agro is one of the leading names in the sector. The company's total income stood at Rs. 8.92 crore in Q4FY22.
Dividend Comparison
Final dividends were announced by these below-mentioned companies. Here the ex-dividend dates and dividend amounts have been mentioned.
| Company name | Dividend | Ex-dividend data |
|---|---|---|
| Fine Organics | 180.00% | August 11, 2022 |
| FIEM Ind | 200.00% | August 12, 2022 |
| Neelamalai Agro | 200% | August 18, 2022 |
Disclaimer
Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.
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