4 Stocks Paying High Dividends Upto 1500%, Will Go Ex-Dividend In June

There are four stocks of companies that declared dividends as high as 1500 per cent while posting their quarterly number. These companies have a good track record of paying dividends consistently for the last five years. The companies are Infosys, Bajaj Finance Limited, Bajaj Auto Ltd, and Maharashtra Scooters Ltd. All four companies have set record dates that fall in June.

1. Infosys
For the year ending March 2023, Infosys has declared an equity dividend of 680.00% amounting to Rs 34 per share. The company has set June 2, 2023, as the record date to note the names of shareholders eligible for receiving the dividends. At the current share price of Rs 1270.70 this results in a dividend yield of 2.68%.

The share price of Infosys has increased rapidly by 272.22% in one year while over three years it has surged by 86.11%.

2. Bajaj Finance
Bajaj Finance has declared an equity dividend of 1500.00% amounting to Rs 30 per share for a face value of Rs 2 each, for the financial year ending 31 March 2023. The record date to determine the members eligible to receive the dividend for the financial year ended 31 March 2023, has been fixed as Friday, 30 June 2023.

For the year ending March 2022, the company declared an equity dividend of 1000.00% amounting to Rs 20 per share. At the current share price of Rs 6552.25, this has resulted in a dividend yield of 0.31%.

The share price of Bajaj Finance has rallied by 8.51% in one year while over three years it soared nearly by 217.92%.

3. Bajaj Auto
For the year ending March 2023, Bajaj Auto has declared an equity dividend of 1400.00% amounting to Rs 140 per share. At the current share price of Rs 4528.85 this results in a dividend yield of 3.09%. The company said that dividends will be paid to those shareholders holding shares as of or before the closing hours on Friday, 30 June 2023, set as the record date.

In the last year and over three years, the share price of Bajaj Auto has rallied by 26.95% and 87.41% respectively.

4. Maharashtra Scooters Ltd
Maharashtra Scooters Ltd has announced to pay a final dividend of Rs 60 per share (600%) of face value of Rs 10 each, for the financial year ended 31 March 2023. The record date to determine the members eligible to receive the dividend for the financial year ended 31 March 2023, has been fixed as Friday, 30 June 2023. At the current share price of Rs 5016.20 this results in a dividend yield of 1.19%.

In the last one year and over three years, the share price of Bajaj Auto has rallied by 40.57% and 154.01% respectively.

Disclaimer
This article is for information purposes only and highlights stocks that declared a good on dividends. The article should be treated as informational and not an advisory to invest. Neither the author nor Greynium Information Technologies Pvt Ltd should be held responsible for decisions based on this article.