7 Stocks With Dividends Of Upto 1800% To Go Ex-Dividend In August

Weak global cues and profit booking in domestic equities dragged key indices down. Nifty opened lower and remain in negative territory throughout the session to close near the day's low with a loss of 166 points (-0.8%) at 19332 levels. Broader market too ended in red with the Nifty midcap 100 down 0.8% while the Nifty smallcap 100 was down 0.4%. Except for PSU bank and Auto, all sectors ended in red. FMCG, Realty, and Private banks were among the top losers.

Investors now are increasingly looking at dividends that have been announced. Here are 7 stocks that have announced good dividends and set to go ex-dividend in August.

Name of company	Ex-dividend date	Dividend %
Larsen	Aug-02	1200
Hawkins	Aug-02	1000
Maruti	Aug-03	1800
Divis Labs	Aug-11	1500
JB Chemicals	Aug-17	462.50
PI Industries	Aug-11	550
Alkem	Aug-10	500
ICICI Bank	Aug-09	400

Some profit booking in stocks

Globally, sentiments turned sour after strong US private jobs data raised the probability of interest rate hikes by the Fed in its upcoming meeting. Investors look ahead to the release of the latest U.S. nonfarm payrolls late Friday to provide further clues into the Federal Reserve's policy outlook.

"On the domestic front, markets are witnessing profit booking at a higher level after seeing a run-up of more than 4% in the last eight trading sessions. Going forward, markets are likely to sustain the current momentum, as stock-specific action will pick up with the onset of the Q1FY24 earning season. India's retail Inflation data to be released next week would also provide some cues. The technology sector is likely to remain in focus with TCS and HCL Tech announcing their result on Wednesday followed by Wipro on Thursday,' says Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

Disclaimer

The above article is for information only. Please note, we have highlighted the stocks that have announced good dividends. This article is not a buy, hold or sell based article on any of the stocks highlighted. This is not a recommendation of either Greynium Information nor the author. Neither Greynium Information Technologies, nor the author should be held responsible for losses caused based on a decision from the article.