Dividend stocks: ITC, SBI, Zydus Lifesciences, Wheels India, other big announcements

Dividend stocks: Sensex on Thursday finished the volatile session with a loss of 128.9 points or 0.2 per cent at 61,431.7, having gyrated in a range of more than 600 points in intraday trade. The Nifty 50 lost 51.8 points or 0.3 per cent for the day to settle at 18,130, after broadly moving within the 18,100-18,300 band during the session.

Dividend stocks: Companies such as ITC, SBI and Zydus Lifesciences announced dividends today. Image: Pexels/ Representational image

Dividend stocks: Sensex on Thursday finished the volatile session with a loss of 128.9 points or 0.2 per cent at 61,431.7, having gyrated in a range of more than 600 points in intraday trade. The Nifty 50 lost 51.8 points or 0.3 per cent for the day to settle at 18,130, after broadly moving within the 18,100-18,300 band during the session. Companies such as ITC, SBI and Zydus Lifesciences announced dividends today— check out the details.

SBI dividend 2023, SBI dividend payment date 2023

State Bank of India (SBI) — the country's largest lender by assets — on Thursday recommended a dividend of Rs 11.3 per share, subject to shareholders' approval. SBI has fixed June 14 as the payment date.

ITC dividend 2023 news, ITC dividend 2023 announcement

ITC Limited – a cigarette-to-hotel conglomerate – on Thursday announced a special dividend of Rs 2.75 and a final dividend of Rs 6.75 per ordinary share of Re 1 each for the financial year ended March 31, 2023.

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Zydus Lifesciences dividend 2023

Zydus Lifesciences — drug maker announced a final dividend of Rs 6 per equity share of face value of Re 1 i.e., a 600 per cent payout to its shareholders.

Wheels India dividend 2023, Wheels India dividend payment date

Wheels India announced a dividend of Rs 3.97 per equity share of Rs 10 each i.e., a 39.70 per cent payout for the year ended March 31, 2023. The dividend is subjected to the approval of the members of the Company at the ensuing 64rd AGM.

The dividend shall be paid on or before August 17, if approved by the members.

PSP Projects dividend 2023

PSP Projects recommended a final dividend of Rs 2.5 per equity share of the company for the financial year ended March 31, 2023. The dividend is subject to the approval of the shareholders at the ensuing 15th Annual General Meeting of the company.