Nestle India, Crisil are among the 5 stocks that will pay dividends. details here

Here is the list of companies which have declared high dividend recently along with details. Have a look at the important dates that you need to keep in mind:

A) abb india: Global Technology Company abb india Declared an interim dividend of Rs 5.50 per share of face value of Rs. 2 each.

“Recommendation of a dividend of Rs 5.50 per share (Rupees five and fifty paise only) on 21,19,08,375 Equity Shares of face value of Rs 1 each fully paid-up for the financial year ended December 31, 2022 subject to shareholders’ approval,” the company said in its regulatory filing.

The company said that the dividend will be sent to those shareholders whose names come on April 27, 2023.

“The dividend, if declared in the 73rd Annual General Meeting, shall be paid/remitted to those shareholders or their mandates after May 04, 2023, whose names appear in the Company/Register of Members as members of the holders of equity shares as at the end of business hours on April 27, 2023 and in respect of shares held in electronic form, whose names appear as beneficial owners at the end of business hours on April 27, 2023, as That particulars are to be furnished by the National Securities Depository Limited and the Central Depository Services (India),” the filing added.

ABB India reports 62.3% year-on-year rise in net profit 306 crores for the quarter ending December 31, 2022.

b) Nestle India: The FMCG major has declared the final dividend 75 per share 10 each.

“The Board of Directors has recommended a final dividend of Rs.75/- (Rupees seventy-five only) per Equity Share of Rs.10/- per Equity Share for the year 2022,” said shelter in its filing.

The company has also fixed April 12, 2023 as the record date for payment of dividend.

Nestle India reports net profit 628 crore in the fourth quarter of CY22 (Q4CY22), up 66% year-on-year (YoY). it was 379 crore in the year-ago period.

C) CRISIL: The company has declared the final dividend 23 per equity share of face value 1. The company has fixed the book closure dates on April 1 and April 2 which will include dividend benefits. It is being said that the shares of CRISIL will convert into ex-dividend on March 31, 2023.

“The board of directors has also recommended a final dividend of Rs 23 per equity share of face value of Re 1 each for the financial year ending December 31, 2022, subject to the approval of the shareholders in the ensuing Annual General Meeting.” Said Crisil in its filing.

Rating agency, CRISIL posted a consolidated net profit 158 crores, growing by 17.5% 134.5 crore in the corresponding quarter of the previous year.

D) Schaeffler India: The company has recommended a dividend of 24 per equity share of face value 2 each. The dividend declared by the shareholders will be paid within 30 days from the date of the AGM scheduled on April 18, 2023.

Recommend a dividend of ” 24 per equity share of face value 2 each. The dividend for the year ending December 31, 2022 will be paid within 30 days from the date of the AGM, if declared by the shareholders in the ensuing Annual General Meeting (AGM). Schaeffler India in its filing.

F) Huhtmaki India: The company has recommended a dividend of 2 per share having a face value of 2. The shares of Huhtmaki India will convert to ex-dividend on April 20, 2023.

“On Recommended Payment of Dividend” 2/ per equity share of face value of Rs. 2/- each (100%), for the financial year ending 31st December 2022, subject to the approval of the shareholders in the ensuing 73rd Annual General Meeting. The register of members and share transfer books will remain closed from Friday, April 21, 2023 to Tuesday, May 4, 2023 (both days inclusive) for the purpose of payment of dividend for the financial year ended December 31, 2022. ,

There are five important dates for dividend:

1. Declaration Date: On this day, the board of directors of the company approves the dividend rate per equity share.

2. Enter date: This date is also proposed by the Board of the Company to identify the names of the shareholders eligible for dividend benefits. All those shareholders whose names appear in the list of the company as on the end of the record date shall be eligible to receive the dividend. Normally, a gap of at least 5 clear working days is required between the declaration date and the record date.

3. Cum-Dividend Date: This is the last date to buy shares to be eligible to receive the dividend. This date is one day before the ex-dividend date and two days before the record date.

4. Ex-Dividend Date: On this day the price of equity shares of a company gets adjusted for dividend payment. This is one business day before the record date.

5. Payment Date: This date is the actual day when a listed company completes its dividend payment to the eligible shareholders. The payment of dividend is usually completed within 30 days of its acceptance.