It is time for annual book closure and for shareholders to receive dividends. Here are some shares that have their book closures in the next one month and who have declared healthy dividends.
VST Industries had declared a dividend of 700 per cent. The stock is slated to go ex dividend on Aug 2. So, you need to buy a few days ahead.
The shares were last trading at Rs 1740 on the National Stock Exchange.
Britannia has declared a dividend of 1000 per cent or Rs 20 on a face value of Rs 2. The stock is slated to go ex dividend on July 29.
Clariant Chemicals will give you a dividend of Rs 10 per share, if you buy the stock now. The stock goes ex dividend on Aug 3, which means you will not get dividend if you buy the shares after that.
Somany Ceramics has declared a dividend of 115%. The yield is not the best from amongst solid dividend paying companies. The stock is slated to go ex dividend on 19th August.
West Coast Papers
West Coast Papers has declared a dividend of 50 per cent on a share price of Rs 81, with a face value of Rs 2.
The shares will go ex dividend on Aug 8.
Pricol has declared a dividend of 100 per cent or Rs 1 per share on face value of Re 1.
The shares are currently trading at Rs 81 and the book closure is Aug 11.
Cummins Diesel Engines would go ex dividend on July 28 for a dividend of Rs 9 per share.
The stock is currently trading at Rs 818.