LIC Housing Among 3 Stocks That Will Soon Go Ex-Dividend For Up To Rs 157/Share Dividend

3 stocks will soon trade ex-dividend for up to 1570% dividend. These stocks are Stovec Industries Ltd, Reliance Industries Ltd, and LIC Housing Finance Ltd. All these stocks will go ex-dividend by August 21, 2023. Check details below:

1. LIC Housing Finance: Last trading price of LIC Housing Finance share is Rs 422.00 apiece. Its 52-week high price is Rs 445.60 apiece and 52-week low price is Rs 315.45 apiece, respectively. It has a market capitalisation of Rs 23,212.66 crore. LIC Housing Finance share delivered 13% return in last 6-months, and soared 7% in last 1-year.

The company fixed August 18, 2023 as the record date for dividend. The Board of Directors of the Company in its meeting held today i.e. 16th May, 2023, inter alia approved recommendation of dividend for financial year 2022-2023 425% i.e. Rs. 8.50 per equity share of Rs.2/-each. The dividend on equity shares, will be paid on or after date of AGM.

2. Reliance Industries: The last trading price of Reliance Industries share is Rs 2574.90 apiece with intraday gain of 0.71%. Its 52-week high price is Rs 2635.17 per share and 52-week low price is Rs 2012.14 apiece, respectively. It has a market capitalisation of Rs 17,42,078.09 crore. Reliance Industries shares offered 14% return in last 3-months, 5% return in last 1-year, and 32% return in last 3-years. In last 5-years, Reliance Industries shares jumped 134%.

The company fixed August 21, 2023 as the record date for dividend. The Board of Directors has recommended dividend of Rs 9/- per fully paid up equity share of Rs 10/- each for the financial year ended March 31, 2023. This payment of dividend is subject to approval of members of the Company at ensuing Annual General Meeting of the Company.

3. Stovec Industries: The stock's last trading price is Rs 2585.80 per share on BSE with intraday fall of 0.54%. Its 52-week high price is Rs 2900.00 apiece and 52-week low price is Rs 1810.00 apiece, respectively. It has a market capitalisation of Rs 539.92 crore.

The company on August 10, 2023 approved declaration of one-time special dividend (interim dividend) of Rs. 157 per equity share of Rs. 10/- each (i.e. 1570 %) for the financial year 2023 on the occasion of 50th anniversary of the Company. Such dividend will be paid to the eligible members who hold the shares on the record date i.e. August 21, 2023 and the payment will be made on or before its due date.

Disclaimer: The stocks highlight the dividend and are not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for ay losses. Please consult a professional advisor.