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3 Special Dividends Stocks To Watch Out In November 2021

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Many investors look for dividend-paying stocks specifically because they provide a steady stream of income. A dividend is a payment made to shareholders from a company's profits. Dividends are usually paid on a quarterly basis, but firms occasionally surprise their shareholders by paying special dividends. A special dividend is a one-time payment that is usually more than the normal dividend.

 

Unlike normal quarterly dividends, which are paid on a consistent basis and at pre-determined quantities, special dividends are usually issued with little to no notice and with unpredictably large sums.

Why companies issue special dividends?

Why companies issue special dividends?

A special dividend may be paid by a company for a variety of reasons.

A special dividend may be paid if the company's financial performance is especially strong. When a firm earns a lot of money, it may decide to pay a special dividend rather than reinvesting it in the business or using it for anything else.

Asset sales have been linked to special payouts in the past. When a corporation realises a substantial profit on the sale of a subsidiary or other asset, it may choose to distribute some or all of the earnings to shareholders rather than reinvesting them in the business.

When a company makes significant changes to its capital structure, it may declare a special dividend. Paying a single sum of money to shareholders can quickly boost a company's debt ratio, which may be advantageous when transitioning to a new business model.

Tech Mahindra
 

Tech Mahindra

Tech Mahindra's export revenues account for more than 93 percent of its total revenue. It earns 47.5 percent of its income in the United States, 26.5% in Europe, and 26.5 percent in the rest of the globe. It'll be interesting to see how US corporations spend their money on technology.

On October 25, 2021, the company declared a dividend of Rs 15.0 per share, with a record date of November 5, 2021. The stock returned 115.71 percent over three years, compared to 72.47 percent for the Nifty 100 index.

 

Tech Mahindra special dividend

Tech Mahindra special dividend

Over a three-year period, the stock returned 115.71 percent, while the Nifty IT delivered investors a 147.04 percent gain.
Since March 21, 2007, Tech Mahindra Ltd. has declared 21 dividends.
Tech Mahindra Ltd. has declared an equity dividend of Rs 30.00 per share in the last 12 months. This translates to a dividend yield of 2.03 percent at the current share price of Rs 1477.85.

3 Special Dividends Stocks To Watch Out In November 2021

Only 1.06 percent of trading sessions in the last 16 years had intraday drops of more than 5%. The company has enough cash on hand to cover its contingent liabilities. The company's QoQ revenue increase was 29.42 percent, the best in the prior three years. The stock returned 86.58 percent over three years, compared to 82.17 percent for the Nifty Midcap 100. Over a three-year period, the stock achieved an 86.58 percent return, compared to 43.69 percent for Nifty Pharma. 

3 Special Dividends Stocks To Watch Out In November 2021

Procter & Gamble Health Ltd., founded in 1967, is a Mid Cap business in the Pharmaceuticals sector with a market cap of Rs 9,003.09 crore.
Since May 29, 2001, Procter & Gamble Health Ltd. has declared 26 dividends.
Procter & Gamble Health Ltd. has declared an equity dividend of Rs 230.00 per share in the last 12 months.
This equates to a dividend yield of 4.24 percent at the current share price of Rs 5423.75.

Triveni Turbine

Triveni Turbine

Triveni Turbine Ltd., founded in 1995, is a Mid Cap business in the Engineering industry with a market capitalization of Rs 6,201.00 crore. Over a three-year period, the stock returned 88.04 percent, compared to 57.97 percent for the S&P BSE Capital Goods index. The stock returned 88.04 percent over three years, compared to 82.17 percent for the Nifty Midcap 100. On October 26, 2021, the company declared a dividend of Rs 0.4 per share, with a record date of November 9, 2021.

Since November 8, 2011, Triveni Turbine Ltd. has declared 19 dividends. Triveni Turbine Ltd. has declared an equity dividend of Rs 1.20 per share in the last 12 months. This translates to a dividend yield of 0.63 percent at the current share price of Rs 191.80.

3 Special Dividends Stocks To Watch Out In November 2021

3 Special Dividends Stocks To Watch Out In November 2021

Company Dividend Date Record date Dividend%
Triveni Turbine 08-Nov-2021 09-Nov-202160
 Procter & Gamble Health 02-Nov-2021 05-Nov-2021 900
 Tech Mahindra  02-Nov-2021 05-Nov-2021 300
Disclaimer

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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