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Double earnings are going to happen, these 5 giant companies can give excellent dividend with quarterly results

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Double earnings are going to happen, these 5 giant companies can give excellent dividend with quarterly results

High dividend stocks for FY24: The quarterly results season for the fourth quarter of the financial year 2022-23 of the companies is going on and the companies have also announced dividend after their good quarterly results. The latest name in this sequence is that of HDFC Bank, which has recommended a huge dividend of 1900 per cent to its shareholders. At the same time, Britannia Industries has also announced an interim dividend of 7200 per cent.

How to double income from dividend

If you are also among those investors who are curious about the dividend yield of companies, then we are going to name 5 companies, not 1-2, which can declare dividend after the quarterly results. Knowing the names of these companies, you can also be able to earn well in a short time.

Vedanta

Vedanta’s stock has been a high dividend yield stock and last year it has given a dividend of Rs 101.50 per share. Dividend has been paid to the shareholders of Vedanta on a total of 5 occasions. Vedanta’s total dividend yield in FY2023 has been 28 per cent. Vedanta has given dividend of ₹ 31.50, ₹ 19.50, ₹ 17.50, ₹ 12.50 and ₹ 20.50 respectively to the shareholders in 5 times dividend. Therefore, in the current result season, investors should keep an eye on Vedanta to see how much dividend this company can give.

record

REC has given dividend a total of 3 times in FY2023 and the total dividend has been Rs 13.5. Its dividend yield stood at 13.75 per cent in FY2023, which is higher than bank FD, PPF, EPF. Investors are waiting for the announcement of the fourth quarter results of this company and after that they are expected to get a good dividend.

Coal India

Coal India has given a total dividend of Rs 23.25 per share in the financial year 2022-23 and accordingly its dividend yield is 17.50 percent. Coal India also has a good history of paying dividends. Along with the announcement of the results of the fourth quarter of the financial year 2023, keep an eye on what is announced regarding its dividend.

Power Finance Corporation

PFC has given a total dividend of Rs 10 per share in the financial year 2023 and its dividend yield has been 8.35 percent. In the financial year 2023, the share of PFC has seen a jump of 30 percent. Dividend yield of 8.35% should be considered better than PPF, EPF, Bank FD.

Indian Oil Corporation

In the year 2021, Indian Oil Corporation had given a dividend of Rs 16.50 per share to the shareholders. This Navratna company announced a bonus of 1:2 in June 2022, due to which investors got an interim dividend of Rs 2.40 per share in August 2022. Investors of this company can get a handsome dividend this year as well, which is estimated to be Rs 3.60 per share as it has got one share as bonus for every 2 shares of IOC.

These companies have recommended dividend

HDFC Bank has recommended a handsome dividend

HDFC Bank told the stock exchanges that its board of directors has recommended a dividend of Rs 19 per share of face value of Re 1 to investors from the net profit for the financial year ended March 31, 2023. In this way, the investors of the bank are going to get 1900 percent dividend. The bank has fixed the record date for paying dividend on May 16, 2023.

Britannia Industries declares 7200% interim dividend for FY 2022-23

The country’s leading FMCG company Britannia Industries has announced an interim dividend (dividend) of Rs 72 per share for the financial year 2022-23. The company has given this information to the stock markets. This can be considered very good news for the investors and they were waiting for it.

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