Earning Chance: Up to 1000 percent dividend will be available on these shares, know the name
LIC Housing Finance
This company has declared a dividend of 425%. The face value of the share is Rs 2, and the dividend at this face value is Rs 8.5 per share. LIC Housing Finance’s June quarter for the quarter ended June 30, 2022, has been a much better one. The company’s EPS in the quarter stood at Rs 16.80. Now, if the company tries to do some kind of annuity, the EPS for the year 2022-23 should be up to Rs 80. At the current price of Rs 380, the stock is trading at a price of hardly 5 times. This is a very good stock to buy at the current level of Rs 380.
Banco Products Banco
Banco Products India has declared a dividend of 1000% and the stock’s ex-date is 6th September 2022. Banco Products is one of the leading manufacturers of Engine Cooling systems and Engine sealants. The transfer books of the Registrar of Members and Shares of the Company shall remain closed from September 8, 2022, to September 22, 2022, the company said.
gulf oil lubricants
This is another company that has a very good and consistent track record of declaring dividends. The company’s ex-date for dividends is September 8, 2022. The company has also recorded very good quarterly returns. The company has achieved record revenue in the quarter on a year-on-year basis. The company’s revenue stood at Rs 706 crore, registering a growth of 69.26 percent. The company has performed well in all areas of business. The companies have seen decent growth led by the B2C segment covering OEM franchise workshops. The company is part of the Hinduja Group.
Investors need to invest carefully. While investing, we suggest investors to do so with caution. Keep in mind that the Sensex has risen from the level of around 52,500 points to around 60,000 points. At this rate on the indices, there is a fair valuation of the markets. So, there could be some more percentage points on the upside, but, we do not expect a sharp jump beyond that.
Investing in stocks is risky and investors should take all possible precautions. Do not use the article as the basis for your overall investment decision. Premium Information, the author, and the brokerage house are not responsible for losses based on decisions made after reading this article.