Dividend Stocks: These 2 companies declare a 3900% dividend to the shareholders.
Dividend Stocks: Dividends are paid by a company to its shareholders as a reward for their investment in the business. Dividend offers investors a steady income from their investments.
What is a dividend?
There are some companies in the world of the share market that give their shareholders a share of their profits from time to time. This part received in the form of profit is called a dividend. The shares of such companies are called Dividend Yield Stocks. However, to give or not to give this dividend is the decision of any company itself. This is not a mandatory rule. PSU sector companies mostly give dividends to their shareholders.
How to get double profit?
There are two ways to earn profit by investing in the shares of any company. You will get the first benefit when the stocks will gain momentum. And the second is that whatever profit the company is making, the company will give you a share of that profit. There are always ups and downs in stocks. When the market falls, investors start selling their shares, due to which the prices of shares decrease. At such a time, if you have invested in any dividend stock, then you can remain safe even in the midst of such losses.
Today we will tell you about these 2 companies which have declared a 3900% dividend to their shareholders. These two companies are KSB Limited and Sanofi India
KSB Ltd Dividend
Pumps and valves manufacturer KSB Limited has announced a final dividend of 150 percent. The Pune-headquartered company will pay a dividend of Rs 15 per equity share with a face value of Rs 10 to its shareholders.
KSB Limited Dividend Record Date
The company has fixed April 28 as the ex-date and record date.
KSB reported a 41.9 percent jump in net profit to Rs 55.9 crore for the quarter that ended December 2022 as compared to the same period a year ago. Its revenue grew 18 percent year-on-year to Rs 524.8 crore.
Sanofi India Dividend
Sanofi India is a Healthcare sector company, the company has declared a 1940 percent final dividend and 1830 percent special dividend to its shareholders.
The Mumbai-headquartered will pay a final dividend of Rs 194 per equity share and a second special dividend of Rs 183 per equity share with a face value of Rs 10 each.
According to a company release, the dividend will be paid on or after May 22.
Earlier in August 2022, the company had paid a final dividend of Rs 193 per equity share. The company has paid a total dividend of Rs 570 for the financial year 2022. This includes a one-time special interim dividend, a second special dividend, and a final dividend.
Sanofi India Q3 Results
Sanofi India’s revenue fell 2.3 percent to Rs 672 crore in the October-December 2022 quarter from Rs 688 crore in the same quarter last year. The company’s EBITDA grew by 31.2 percent to Rs 167 crore from Rs 127.2 crore in December last year. The company’s net profit grew by 44.8 percent to Rs 130.9 crore (YoY) from Rs 90.4 crore.
MORE FOR YOU
