4 Stocks With Dividends Upto 1900% Going Ex-Dividend In May

Markets have been subdued for the last few weeks, with the Sensex finding it hard to stay above the 60,000 points levels. Recently, there has been some selling pressure from IT stocks, which has dragged the indices lower. Here are 5 stocks that are to close books in the month of May for good dividends.

HDFC Bank

The bank will go ex dividend on May 16, 2023 for a dividend of 1900%. This is the final dividend that the company has declared for FY 20222-23. The stock of HDFC Bank was last trading at Rs 1672 on the NSE.

Castrol India

Castrol India has declared a dividend of 70% and the record date for the same has been fixed as May 4, 2023. The stock of Castrol India last closed at Rs 116.50 on the NSE.

Crisil

Crisil has declared a solid dividend of 700%. The ex date for the dividend has been fixed as May 5, 2023. Crisil is one of the top rating agencies in the country.

Stovec

Stovec has declared a dividend of 470%, which is also the final dividend of the company. The stock goes ex-dividend on May 2, 2023.

Meanwhile, the markets trended lower during the week gone by, as IT sector witnessed a drag owing to a weak set of numbers being declared by one of the majors. "The concerns regarding global economic outlook too impacted the sentiments; a strong growth reported by China failed to meaningfully influence the bulls. Over the near term the markets may be expected to be volatile, led by very stock specific movements as the earnings season goes underway in full swing," says Dr. Joseph Thomas, Head of Research, Emkay Wealth Management.

Disclaimer

The above-mentioned information is purely informational and highlights the dividends that are declared recently by some companies. Greynium Information Technologies, the Author and the brokerage firm 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 making any investment decision.