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Upcoming Dividends To Watch Out For In June 2021

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When a company announces that it has made a profit in its financial reports, you will be entitled to a portion of those profits based on the number of shares you own. This is referred to as dividends. Dividends are typically paid on a per-stock basis. Some traders prefer to purchase the stock two or three days before the effective dividend date, keep it until the effective dividend date, and then sell it the day after the effective dividend date in order to collect dividends. This approach works well for stocks that pay out a high dividend yield. A business can, for example, announce a dividend of Rs 10 per share for a set period of time. You will earn Rs 5000 in dividends if you owned 500 shares during the time period. Some of the best dividend-paying stocks pay out dividends on a regular basis. If you're considering investing in dividend stocks, you should be aware of the benefits and drawbacks of doing so.

 

When are you eligible for Dividends?

When are you eligible for Dividends?

To begin, determine whether you are eligible for dividends. You must have bought the stocks before the ex-date to be eligible for the dividends, while you will be eligible for dividends if you have sold the stocks on ex-date as well. You would not be liable for the dividend if you bought the stocks on or after the ex-date. The due date for dividends is typically 30-45 days after the record date.

If you are registered for dividends, you can receive them on the dividend payment date in your bank account. The dividend would be credited to your trading account if you sold shares from your holdings on the ex-date. The specifics of the ex-date and record date can be found on the NSE/BSE website.

Dividends are paid at the discretion of the company. Companies are not required by law to pay you dividends.

Dividend Yield

It indicates how much a corporation paid out in dividends over the course of a year. The dividend yield is calculated as a percentage of the stock's current market value. It gives you an idea of how much money you've made (in percentages) from your savings.

Dividend Yield= Cash Dividend per share/ Market price of share*100

List of Upcoming Popular Dividends to Watch Out For In June 2021
 

List of Upcoming Popular Dividends to Watch Out For In June 2021

List of Upcoming Dividends in June 2021

Company Dividend Per Share Dividend % Exdividend Date
SBI Rs 4.0 400.00 Final 03-06-2021
Manappuram Fin Rs 0.75 37.50 Interim 04-06-2021
City Union Bank Rs 0.3 37.50 Interim 04-06-2021
Rallis India Rs 3 300.00 Final 09-06-2021
ITC Rs 5.75 575.00 Final 09-06-2021
TATA Cons. Prod Rs 4.05 405.00 Final 10-06-2021
Asian Paints Rs 14.05 1450.00 Final 10-06-2021
RIL Rs 7 70.00 Final 11-06-2021
HUL RS 17.00 1700 Final 14-06-2021
Tata Steel 6.25 250 Final 17-06-2021
Supreme Petro 12.50 125 Final 25-06-2021

Upcoming Dividends To Watch Out For In June

Upcoming Dividends To Watch Out For In June

Manapurram Finance

On May 26, 2021, the company declared a dividend of Rs 0.75 per share, with a record date of June 7, 2021. Stock returns are 57.2 percent over three years, compared to 38.15 percent for the Nifty Midcap 100. Over a three-year period, the stock had a 57.2 percent return, compared to 50.53 percent for Nifty Financial Services. Manappuram Finance Ltd., founded in 1992, is a Mid Cap business in the NBFC sector with a market capitalization of Rs 14,003.10 crore.

For the fiscal year ending 31-Mar-2020, Manappuram Finance Ltd.'s primary products/revenue segments are Interest, Fees & Commission Income, Dividend, and Other Operating Revenue.

Upcoming Dividends To Watch Out For In June

Upcoming Dividends To Watch Out For In June

City Union Bank

Will the non-performing asset figures in the retail lending segment jump in the first quarter of fiscal 22 as a result of the mini-lockdown in some parts of the country? On May 21, 2021, the company declared a dividend of Rs 0.3 per share, with a record date of June 7, 2021.

SBI

The company declared a dividend of Rs 4 per share on May 21. Stock returned 62.19 percent over three years, compared to 43.44 percent for the Nifty 100 index. Over a three-year period, the stock returned 62.19 percent, while the Nifty Bank provided investors a 33.09 percent return.

Upcoming Dividends To Watch Out For In June

Upcoming Dividends To Watch Out For In June

Rallis India Ltd

Only 3.77 percent of trading sessions in the last 16 years had intraday gains of more than 5%. In the fiscal year ending March 31, 2020, the company spent less than 1% of its operating revenues on interest charges and 8.89% of labour costs.

Tata Consumers

Stock returned 155.86 percent over three years, compared to 43.36 percent for the Nifty 100 index. Over a three-year period, the stock returned 155.86 percent, compared to 23.17 percent for the Nifty FMCG index. In the fiscal year ending March 31, 2020, the company spent less than 1% of its operating revenues on interest charges and 9.18 percent on staff costs.

ITC

Except for hotels, all segments performed well, with margin expansion and volume growth. Agribusiness is gaining traction. However, the impact of the lockout is anticipated to be visible in the Q1- FY 22 data, particularly in terms of cigarette volumes and other out-of-home consumption products. The stock returned -22.58 percent over three years, compared to 43.36 percent for the Nifty 100.

Upcoming Dividends To Watch Out For In June

Upcoming Dividends To Watch Out For In June

Asian Paints

There may be an impact on sales in the first quarter of FY 22 due to the impact of the second wave of covid in rural areas and tier II and III cities. The stock returned 124.56 percent over three years, compared to 43.36 percent for the Nifty 100.

RIL

Stock returned 136.55 percent over three years, compared to 43.36 percent for the Nifty 100.Reliance Industries Ltd., founded in 1973, is a Large Cap business in the Diversified sector with a market cap of Rs 1,497,933.48 crore.

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