6 Stocks With High Dividends of 2200% To Turn Ex-Dividend Soon, Check Record Dates

There are stocks of six companies that had announced high dividends of upto 2200% and will turn ex-dividend soon. The companies have shared the record dates, which fall in May 2023. Given below are the details.

Company Name	Record Date	Dividend (%)	Current Market Price (Rs/share)	Market Capitalisation(Rs in crore)
Trent Ltd	25-05-2023	220	1,421.60	50,536.10
HDFC Bank	16-05-2023	1900	1,645	9,18,616.12
HDFC	16-05-2023	2200	2,735.25	5,01,797.25
Sula Vineyards Ltd	15-05-2023	262.50	401.10	3,380.35
360 One WAM Ltd	12-05-2023	400	405.95	14,455.46
Sundaram Fasteners Ltd	16-05-2023	306	1,077.45	22,640.28

What is a Record date and its importance?

A record date is a cut-off date set by the companies to make note of the shareholders who are eligible to receive a dividend or distribution. Announcing a record date is required as it helps in finding out who exactly is the company's shareholder as of that particular date since shareholders of an actively traded stock are continually changing ownerships. So, the names of the shareholders that get recorded as of the cut-off date will be entitled to receive the dividend or distribution

Being aware of the record date is important because of its relation to another key date, the ex-dividend date. On and after the ex-dividend date, a buyer of the stock will not receive the dividend as the seller is entitled to it. A company's record date is a key concept to understand before buying and selling dividend stocks. The ex-dividend date is set exactly one business day before the dividend record date usually.

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.