5 Stocks With Dividends Upto 2300%, Check Record Dates Here

These 5 reputed companies have been sharing good dividends. Two of the companies are mid caps , two are large caps and one is a small cap company who has announced declaring dividends. The companies are Crisil Ltd, Schaeffler Ind, Huhtamaki India, Nestle and ABB India Ltd. Check the details given below.

2 Large cap companies declare a dividend as high as 750%

In an exchange filing of ABB India Limited, the company recommended a dividend of Rs.5.50 per share i.e. (275%) on 21,19,08,375 Equity Shares of face value of Rs 2 per share fully paid up for the financial year ended December 31, 2022 which is subject to approval of shareholders. The company has not shared the details of record date. The company has a history of paying good dividends annually. Till date it has paid 15 dividends and total dividend paid is of Rs 55.2.

The board off directors of Nestle India has recommended its final dividend for the year 2022 of Rs 75 per equity shares of Rs 10/- each, which equates to 750%. The company directors has set 12th April, 2023 as the record date to pay the final dividend. The company has paid total 56 dividends and the highest one was of Rs 135 per share.

2 Mid cap companies paying dividends as high as 2300%

Crisil Limited is paying a highest dividend of 2300% and Schaeffler India Limited is paying a dividend of 1200%. In the exchange filings of both the companies, the dividend details were given, but record dates are not mentioned, instead they provided the book closure dates.

The board of directors of Crisil Limited has recommended a final dividend of Rs. 23, per equity share of face value of Re 1 each, for the financial year ended December 31, 2022, which is subject to the approval of the shareholders at the ensuing Annual General Meeting. The general meeting will be held on 18th April 2023. The book closure dates set are Saturday, April 1, 2023 and Sunday, April 2, 2023.

The directors of Schaeffler India Limited recommended a dividend of Rs 24 per equit share of face value Rs 2 each. The dividend if declared by the shareholders will be paid within 30 days from the date of AGM, which is scheduled on Tuesday, 18th April 2023 as well. The company has given a period of book closure date range, from Wednesday 12th April 2023 to Tuesday 18th April 2023. Its payout ratio is usually 43%.

This small cap stock to pay a dividend of 100%

In an exchange filing of Huhtamaki India Limited, it was given that the board has "recommended payment of dividend at Rs 2/ per quity share of face value of Rs. 2/- each (100%), for the financial year ended 31st December 2022 subject to the approval of the shareholders at the ensuing 73 Annual General Meeting. Register of Members and Share Transfer Books shall remain closed from Friday, 21st April 2023 to Tuesday, 4th May 2023 (both days inclusive) for the purpose of payment of Dividend for the Financial Year ended 31st December 2022." The company has usual payout ratio of 45%.

Taxation on dividends

Income earned from dividends is also taxable in the hands of investors, which was not the case earlier. If you are an investor investing in shares through a broker, your dividends will be added to your income. It be treated as your 'income from other sources'. This income will be taxed as per your income tax slab. However, you can still claim deductions for your interest expenditure not exceeding 20 percent of your dividend amount. The normal rate of TDS is 10% on dividend income paid in excess of Rs 5,000 from a company.

Disclaimer

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