 "Several stocks set to trade ex-dividend on Tuesday or later are offering between 50-400% cash payouts to investors. AI-generated image via DALL-E")
Investors looking to cash in on lucrative dividend opportunities should mark their calendars, as the last dates to buy shares of several companies offering substantial dividends are fast approaching.
We’ve compiled a list of five stocks offering dividends up to 400 per cent. Monday (January 20) might be the last opportunity to buy some of these shares to reap the cash payouts, given their fast-approaching ex-dates.
Why ex-date is important?
Investors must ensure their shares are purchased before the respective Ex-dates of the stocks to qualify for these interim dividends.
The ex-date is the day on which an investor must be registered in the accounts of the concerned company as a shareholder to receive dividends.
How do dividends work?
Dividends are a portion of a company’s profits distributed to shareholders. The percentage is calculated based on the face value of the stock, not its market price.
For instance, a 400 per cent dividend on a stock with a Rs 1 face value translates to a Rs 4 payout per share.
Here’s a look at the five stocks investors should take note of:
1. Waaree Renewable Technologies Ltd.
Dividend Offered: Rs 1 per share
Face Value: Rs 2 per share
Dividend Percentage: 50 per cent
Ex-Date: January 24, 2025 (Friday)
Waaree is a renewable energy firm whose shares were trading at Rs 1044.35 at market closing time on Friday. In the past 12 months, the share’s value has more than doubled, giving investors 100.19 per cent returns, greatly outperforming BSE Sensex, which rose 7.16 per cent in the same period.
2. Bhansali Engineering Polymers Ltd.
Dividend Offered: Rs 1 per share
Face Value: Rs 1 per share
Dividend Percentage: 100 per cent
Ex-Date: January 22, 2025 (Wednesday)
Bhansali Engineering Polymers shares were last trading at Rs 123.50 on Friday. In the past year, the share’s value has gone up 11.87 per cent.
3. Angel One Ltd.
Dividend Offered: Rs 11 per share
Face Value: Rs 10 per share
Dividend Percentage: 110 per cent
Ex-Date: January 21, 2025 (Tuesday)
Angel One is a prominent brokerage firm in India. Its last traded share price on Friday was Rs 2454.05. Angel One’s stock price has tanked 26.45 per cent in the past 12 months.
Impact Shorts
More Shorts4. Mastek Ltd.
Dividend Offered: Rs 7 per share
Face Value: Rs 5 per share
Dividend Percentage: 140 per cent
Ex-Date: January 24, 2025 (Friday)
The shares of Mastek, an IT solutions provider with a growing global presence, were last trading at Rs 2750.75 on Friday. Mastek’s stock price has gone down 6.06 per cent in the past year, underperforming Sensex in the same period.
5. Havells India Ltd.
Dividend Offered: Rs 4 per share
Face Value: Rs 1 per share
Dividend Percentage: 400 per cent
Ex-Date: January 22, 2025 (Wednesday)
The stock price of Havells India, a leader in electrical appliances, was Rs 1575.30 at the time of market closing on Friday (January 17). In the past 12 months, the share’s value has gone up 10.11 per cent.
Disclaimer: This article is for informative purposes only and is not to be considered financial advice. Please consult your financial advisor before making money-related decisions