7 Stocks That Have Declared Dividend Upto 800%

Along with the quarterly results companies share dividend details for investors to know about the gains from holding a stock. These 7 stocks have declared dividends as high as upto 800%.

Here's the list of stocks

Company Name	Dividend (%) per share	Ex-Dividend Date	Current market price (per share)	Market Cap (Rs Crore)
Coromandel Int	600	17-02-2023	874.50	25,711.15
PCBL	550	10-02-2023	120.85	4,561.64
Clean Science	200	10-02-2023	1490.10	15,830.46
Gillette India	350	09-02-2023	4927.45	16,056.20
Kajaria Ceramic	600	08-02-2023	1074.80	17,114.31
Procter and Gamble Hygiene and Health Care Ltd	800	08-02-2023	13879.10	45,052.58
Sun Pharma	750	08-02-2023	1027.65	2,46,561.88

What is a dividend?

Dividend is a part of company's earnings/profit distributed to shareholders / investors, determined, approved and declared by the board of directors. It is usually paid regularly in form of cash or additional stock. Dividends are distributed quarterly mostly after the results are declared. It is a form of earning a return for an investor by investing in a company stock.

It is shared as a fraction of per share in percentage of per share price, and is called dividend yield. Investors receive this dividend yield only if they are owing a stock before a date called as ex-dividend date.

Taxation on dividends

In India any form of income earned is taxable, so is dividend income as well. Initially, income earned from dividends was not taxable in the hands of investors, but now its taxable.
If you are an investor investing in shares through a broker, your dividends will be added to your income. It be treated as your 'income from other sources'. This income will be taxed as per your income tax slab. However, you can still claim deductions for your interest expenditure not exceeding 20 percent of your dividend amount. The normal rate of TDS is 10% on dividend income paid in excess of Rs 5,000 from a company.

Disclaimer

This article is for information purposes only and is not a recommendation to buy, sell or hold. Greynium Information Technologies and the Author, are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to consult with certified experts before making any investment decision.