5 Companies To Soon Pay Dividend In March 2022

VIP Industries:

This top luggage firm announced on February 17, 2022 announced an interim dividend of 125% and the same as per the filing dated March 1 has been declared. In the filing the company said, "the Board of Directors at its meeting held today i.e. 1st March, 2022 has declared an Interim Dividend of Rs. 2.50/- (Rupees Two and Fifty Paise) per equity share of face value of Rs. 2/- each for the Financial Year 2021-22. The Interim Dividend for the Financial Year 2021-22 shall be paid on or after 15th March, 2022. Pursuant to Regulation 42 of the SEBI (LODR) Regulations, 2015, the Board has fixed Wednesday, 9th March, 2022 as the "record date" for the purpose of ascertaining the eligibility of shareholders for payment of Interim Dividend".

This is a small cap luggage firm that was established in the year 1971. The firm has some of the chief brands unders its banner including VIP, Carlton, Aristocrat, Caprese etc.

Vedanta:

Anil Agarwal led mininings and mineral concern is among the world's leading Oil & Gas and Metals company with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, and Aluminium & Power across India, South Africa and Namibia.

The company has lately declared its third dividend of Rs. 13 or 1300% for which the stock shall turn ex-dividend on March 9, 2022.

Saven Tech:

Saven Technologies is an information technology service provider that specializes in design, delivery and implementing technology driven business solutions. Through offices in the United States, UK and India, Saven provides a complete range of services leveraging it domain expertise. Clients gain immediate and measurable value from Saven's offering that span business and technology consulting, application services, systems integration..

In its filing, the company said the board of directors of the Company declared a second interim dividend of Re.1/- (Rupee One Only) per equity share (representing 100%) on the equity share of Re.1/- each fully paid up, for the financial year 2021-22. 2. The Second Interim Dividend will be paid on or before 30.03.2022. The Record date for determining the eligibility of shareholders entitled to receive the second interim dividend, is fixed as on 11th March, 2022. This is for your information and records.

EID Parry:

Again a small cap firm from the sugar sector announced that the company in its meet declared second interim dividend of Rs. 5.50/-share (550 %) of the face value of Re.l/- each for the financial year ending March 31, 2022. The interim dividend will be paid on or after March 25, 2022 but within 30 days from the date of declaration of interim dividend as provided under the Companies Act, 2013.

Shriram Transport Finance:

The NBFC company in its filing informed that the company's Board of Directors meet is scheduled to be held on Saturday, March 5, 2022, to inter-alia, consider the recommendation of Second Interim Dividend for Financial year 2021-22. For the purpose of payment of the said interim dividend, if so approved by the Board of Directors, the "Record date" will be Monday, March 14, 2022.

The company is among the leading asset financing NBFCs in the country with niche presence in in financing pre-owned trucks and Small Truck Owners (STOs).The services offered by the company includes Commercial Vehicle Finance,Passenger Commercial Vehicle Finance,Multi Utility Vehicle Finance,Three wheeler Finance,Tractor Finance and Construction Equipment Finance.

What to look for when investing in dividend paying stocks?

While dividend serves as a secondary income source, investors need to also watch out for these look outs for a dividend paying concern that include long term earnings growth visibility, low debt to equity ratio, company's standing in its line of business and strong balance sheet among other considerations.

Disclaimer: The above stocks are listed just to tell about their dividend and fundamentals should be checked for any investment in them.

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