3 Bluechip Largecap Stocks Giving 1400%, 1500% & 2200% Dividends In June

Nifty opened lower and traded in a narrow range throughout the day to close with a loss of 58 points at 18089 levels. Sectorially it was a mixed bag with FMCG being a major gainer. Sectors like aviation, FMCG cement, paints and tyres saw good momentum, benefitting from the fall in oil prices.

"On the domestic side, the market structure remains positive on the back of healthy macro data, strong earnings, and FIIs buying over the last few days. Several PSU stocks from across sectors like railway, defence, capital goods have been in strong momentum last few days," says Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

Here are a few stocks that have declared handsome dividends and which go ex-dividend in the month of June

1) Bajaj Auto

The company has declared a 1400% dividend recently. The stock goes ex dividend on June 30, 2023. Recently, Bajaj Auto reported sales of 331,278 units for April 2023, which was 75 higher YoY and 14% higher over the previous month. The stock of Bajaj Auto has moved higher significantly in the last few weeks. The shares of Bajaj Auto were last trading at Rs 4445 on the BSE.

2) Bajaj Finance

This is another stock from the Bajaj stable that has reported good dividends. Bajaj Finance has declared a 1500% dividend, the stock goes ex dividend on June 30. Recently, the company reported a net profit that was up 30 percent from Rs 2,419.51 crores in the same quarter a year ago.

The shares of Bajaj Finance were last trading at Rs 6178 on the BSE.

3) HUL

FMCG giant, HUL has declared a dividend of 2200% and the stock goes ex dividend on June 19, 2023. Hindustan Unilever recently reported good earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter ending March 31 2023, which came in at Rs 3,471 crores.

All of the above are good dividend paying, bluechip stocks. However, invest in them after doing a fundamental analysis.

Disclaimer

The stocks highlights the dividend aspects and we have not done any fundamental anlaysis. Greynium Information Technologies Pvt Ltd and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision. The above article should not be construed as a buy recommendation from our end, as we have just provided information.