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3 Stocks That Declared More Than 1000% Dividends, Buy Now To Receive Dividend
It is the earnings season, where the annual results are being declared and board of companies are also declaring dividends. Here are 3 stocks where the board of directors of the company have declared more than 1000% dividends. Among these stocks, include names like Bajaj Auto, Colgate Palmolive India and HUL. If you buy the stocks now, you can receive dividends in the month of May and June.
Hindustan Unilever
The company has declared a dividend of 1900% for which the stock goes ex dividend on June 15, 2022.
So, if you have buy the shares before that you would be entitled to dividends.
Hindustan Unilever also reported a good set of numbers. The Company's turnover for the financial year ended 31st March, 2022 was Rs. 50,336 crores as against turnover of Rs. 45,311 crores for the financial year ended 31st March, 2021. The Profit before tax was Rs. 11,739 crores as against Rs. 10,490 crores for the corresponding year. Depreciation / amortization for the year was Rs. 1,025 crores as against Rs. 1,012 crores in the corresponding year. Exceptional Items for the period amounted to a loss of Rs. 34 crores as against loss of Rs. 227 crores in the corresponding year. Provision for taxation (including deferred tax) was Rs. 2,921 crores (Last Year: Rs. 2,536 Crores). Profit after Tax and Net Profit increased to Rs. 8,818 crores (Last Year - Rs. 7,954 Crores).
Volume growth at the company was also good, which impressed the markets. The shares of HUL were trading at Rs 2237 on the NSE.
Colgate Palmolive India
The board has recommended an interim dividend of 2100% for which the record date has been fixed at May 7. So, you need to buy the shares sometime next week to avail the dividends.
The company has declared Second Interim Dividend of Rs. 21/- (Rupees Twenty One Only) per equity share of Re.1/- (face value) for the financial year 2021-22. The said interim dividend will be paid on and from May 25, 2022 to those shareholders whose names appear in the Register of Members of the Company as on the Record date i.e. May 07, 2022.
The shares of Colgate Palmolive India were last seen trading at Rs 1654 on the National Stock Exchange.
Colgate-Palmolive (India) Limited is India's a leading provider of oral care products in the country. The range includes toothpastes toothpowder toothbrushes and mouthwashes under the 'Colgate' brand as well as a specialized range of dental therapies under the banner of Colgate Oral Pharmaceuticals.
Bajaj Auto
Bajaj Auto has declared a dividend of 1400% or Rs 140 per share. The company's shares would go ex dividend on June 30, 2022. For the quarter ending March 31, 2022, the company reported a 10.3 percent increase in its standalone profit after tax to Rs 1,469 crore as compared to a profit of Rs 1,332 crore reported in the same quarter a year ago. On a sequential basis, the growth in PAT is 21 percent from Rs 1,214 crore reported in the previous quarter. Shares of Bajaj Auto were last seen trading at Rs 3727. The stock has hit a 52-week high of Rs 4347 and a 52-week low of Rs 3028.
Bajaj Auto is the world's largest manufacturer of three-wheelers. Bajaj Auto is the first two-wheeler and three-wheeler company in the world to have reached a market capitalisation of Rs one trillion and continues to be the world's most valuable two and three-wheeler company.
