5 Stocks To Buy Now And Receive Up To 550% Dividend In The Next Few Weeks

It's time for many companies to declare dividends, especially interim dividends. Here are a list of companies that have declared high dividends and the same would be available in the next few weeks.

Polyplex Corporation

The company has declared an interim dividend of 200% and special dividend of 350%, taking the total dividends to 550%. The ex dividend date is Nov 24.

Polyplex Corporation Ltd. (Polyplex) is the seventh-largest manufacturer of polyester (PET) film globally. Its polyester capabilities include both thin and thick PET film in a wide range of thickness and surface properties covering a spectrum of applications.

The company has a global presence, supplying to about 2650+ customers in 75 countries across Europe, the Americas, the Indian sub-continent, Far East, Asia Pacific and the Middle East. The stock of Polyplex Corporation was last seen trading at Rs 1765 on the NSE.

EID Parry

EID Parry has declared an interim dividend of 550%. The ex dividend date of Nov 22. Investors should always buy the stock, one day ahead of the ex dividend date. E.I.D. - Parry is engaged in the business of Sugar and Nutraceuticals.

Amongst the leading sugar manufacturers in India, E.I.D. Parry's 9 sugar plants are spread across South India.

E.I.D. Parry is a pioneer and world leader in organic spirulina and micro algal products in the Nutraceuticals space. 'Parrys Spirulina', with 3 major international certifications, is sold in more than 41 countries across the globe. The highly specialised manufacturing Plants of the Nutraceuticals business for micro algal production are located at Oonaiyur and Saveripuram in Tamil Nadu.

Manaksia Ltd

Manaksia has declared an interim dividend of 150%. The ex-dividend date is Nov 25. The company is a Multi - Product, light Engineering Company in the field of Metal Products & Metal Formation. An ISO 9001: 2015 accredited company, major products include Cold Rolled Steel Sheets & Coils, Galvanized Steel sheets & Coil. Color Coated Steel sheets & coils. The shares of the company were last trading at Rs 81.40 on the NSE.

IPCA Labs

The board of IPCA Labs has announced a dividend of 400%. The ex-dividend date is Nov 22. The company is one of the top players in the formulation and API business.

Ipca produces over 80 APIs at 12 production facilities, accounting for nearly 25% of its turnover. Its manufacturing leadership extends across Atenolol (anti-hypertensive), Chloroquine Phosphate (anti-malarial), Chlorthalidone (diuretic), Furosemide (diuretic), Hydroxychloroquine Sulphate (DMARD), Losartan (anti-hypertensive), Metoprolol Succinate (anti-hypertensive), Metoprolol Tartrate (anti-hypertensive), Pyrantel Salts (anthelmintic), and Propranolol (anti-hypertensive) - besides being one of the largest suppliers of these APIs worldwide.

 

ONGC

ONGC board has recommended an interim dividend of 135%. The ex dividend date is Nov 21. Maharatna ONGC is the largest crude oil and natural gas Company in India, contributing around 71 per cent to Indian domestic production. Crude oil is the raw material used by downstream companies like IOC, BPCL, HPCL and MRPL (Last two are subsidiaries of ONGC) to produce petroleum products like Petrol, Diesel, Kerosene, Naphtha, and Cooking Gas LPG. The stock of ONGC was last seen trading at Rs 142.90 on the NSE.