Investors hunting dividend payouts could want to hold a close eye on Dalal Street this week. In the coming days, a quantity of firms from several sectors will method their record dates for dividend payouts, regulatory filings show. At present, exactly where interest prices are low and liquidity is abundant, analysts have mentioned that the possibility of greater dividend payouts in the coming quarters by India Inc can not be ruled out. Various brokerage firms have mentioned that enhancing money flows could leave more space for dividends and buybacks by firms in the close to future, as a way of rewarding shareholders. Here are the firms that are approaching their record dates this week.
Caplin Point Laboratories: The stock is up 6% today trading at Rs 626 per share. The Company has announced a dividend per share of Rs 1.5, this translates to a dividend yield of 75% on the face worth of Rs 2 per share. Caplin Point’s board had declared the dividend earlier this month. The record date for the dividend is tomorrow, May 18.
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Coforge: The Information Technology sector firm had announced a dividend of Rs 13 per share earlier this month, along with the January-March quarter outcomes of the organization. The stock has jumped 18% so far this month to trade at Rs 3,384 per share. The record date for dividend payout is May 18.
Sundram Fasteners: Auto component and gear manufacturer, Sundram Fasteners also announced their dividend in might this year. The organization has announced a dividend of Rs 3.4 per equity share of face worth Rs 1. The stock presently trades at Rs 732 per share, up 7.6% today. The record date for the stock is May 18.
Visaka Industries: The smallcap organization had announced a final dividend of Rs 10 per equity share, translating to a dividend yield of one hundred%. The record date for the dividend was finalised as May 18. Currently, the stock trades at Rs 647 per share, up 5.22%. This year, the stock has surged 67% so far.
ABB Power Products and Systems: The organization has announced a dividend of Rs 2 per equity share of the face worth of Rs 2 each and every. The stock is down in the red today, trading at Rs 1,700 per share. So far this month, the stock has fallen 6%. ABB Power Products and Systems has set the record date for the dividend as May 19.
Bonus Issue
Ircon International: This week investors can also hold an eye on Ircon International which has announced a bonus concern in the ratio of 1:1. Each shareholder of Ircon International, a building and engineering firm, will get an more share according to the bonus concern. The record date for the exact same has been set as May 21. Since the starting of this month, the stock has surged 15% to now trade at Rs one hundred apiece.