Top dividend stock: Infosys joins the list of firms announcing biggest payouts of 2023 so far
Top Dividend-Paying Stock: IT giant Infosys joins the list of companies declaring some of the biggest dividends of the year so far, a day after Tata Group IT major TCS became the latest company in India to announce a hefty dividend. Do you own any of these stocks in your portfolio? Here's a list of stocks you can track in the future to give your portfolio a dividend boost.
Top Dividend-Paying Stocks: Infosys (INFY) — the country's second-largest IT services exporter announced a dividend of 350 per cent on April 13. This comes a day after Tata Group IT major TCS became the latest company in India to announce a hefty dividend. Earlier, Tiger glucose biscuit maker Britannia announced a payout of 7,000-plus per cent. And the list doesn't end there. It's actually raining dividends on Dalal Street.
Dividends enable listed companies to reward their shareholders and can prove to be effective in creating wealth for investors.
Here is a list of companies that have given some of the biggest dividends over the past few weeks:
Infosys
Infosys dividend record date 2023: Infosys (INFY) — the country's second-largest IT services exporter announced Rs 17.50 interim dividend per equity share i.e., a dividend of 350 per cent.
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TCS
TCS Dividend 2023: The Tata group IT major announced a dividend of Rs 24 per share of face value of Re 1 each on April 12 — translating to a 2,400 per cent payout.
Image: Reuters
Britannia
Britannia dividend 2023, Britannia dividend 2023 record date: FMCG major Britannia has announced a dividend of Rs 72 per equity share of face value of Re 1 each for the Financial Year 2022‐23. That makes it a 7,200 per cent dividend. The stock will go ex-date on April 13.
Image: Freepik
Marico
Marico Dividend 2023: The FMCG firm declared an interim equity dividend of Rs 4.5 per equity share of face value of Re 1 each. The stock will go ex-date on March 8.
Image: Pixabay
Hindustan Aeronautics Ltd (HAL)
HAL Dividend 2023: Hindustan Aeronautics announced a dividend Rs 20 equity share of face value of Rs 10 each. The stock of the Bengaluru-based company operating in the defence sector will go ex-date on March 20.
Image: Pixabay
Vedanta
Vedanta dividend 2023, Vedanta dividend announcement 2023: Vedanta has announced its fifth interim dividend of a whopping 2,050 per cent to its shareholders. The company has approved an interim dividend of Rs 20.50 per equity share of face value of Re 1 per share. The stock traded ex-date on April 6.
Hindustan Zinc
Hindustan Zinc Dividend 2023: The Vedanta group mining company announced a dividend of Rs 26 per share of face value of Rs 2 on March 21. That makes it a 1,300 per cent dividend. The stock traded on March 29.
Image: Freepik