Largest Dividend in Two Decades Given Out by these Companies
The board at Majesco on 15th December, agreed to pay the interim dividend at a rate of about 19,480 percent which accounts to approximately Rs 974 for each equity share for FY21. The stock ended at Rs 975.10 as of 16th December.
There are about seven companies that have paid a final or special interim dividend of over 4000 percent in the two bygone decades according to ACE Equity data.
Majesco was trading at Rs 975.10 with it’s fifty two week high price placed at Rs 1,019.
An interim dividend amounting to 9700 percent was declared by Oracle Financial Services Software back in 2014. The stock traded at Rs 3110.45 on December 16 with its 52 week high price at Rs 3402.05.
Britannia Industries agreed to an interim dividend of 8,300 percent this year while the stock traded at Rs 3752.65. Rs 4015 was their 52 week high price.
A special dividend of 5,000 percent was agreed upon by Strides Pharma Science Ltd back in 2013. The companies’ 52 week high price stayed at Rs 898 while the stock was trading at Rs 779 on December 16.
The company Procter and Gamble Health Ltd. was trading at Rs 6,816.20 while their 52 week high price remained Rs 7040 as of December 16. The company had previously announced a special interim dividend amounting to 4160 percent in the year 2019.
Hero MotoCorp had declared an interim dividend of 4000 percent in 2010 and on December 16 had its stocks trading at Rs 3117.50 with its 52 week high price placed at Rs 3393.85.
Tata Consultancy Service on December 16 was trading at Rs 2814.20 and had its 52 week high price at Rs 2885. The company had previously declared a special dividend of 4000 percent back in 2014 as well as in 2019.