It's Raining Dividend: 5 Big Companies Likely To Declare Soon, Boost Shareholders Wealth

5 big companies will soon likely to declare dividend and boost wealth of their shareholders in the month of April and May. These companies are Cipla, HDFC Bank, Maruti Suzuki India, HCL Technologies, and Tata Consultancy Services. Below are more details about these companies and dates of dividend announcement that you must not miss:

1. Cipla: Last trading price of Cipla share on BSE is Rs 1448.65 per share. The 52-week high price of Cipla Ltd share on BSE is Rs 1519.00 per share and 52-week low price is Rs 889.20 per share. Its market cap is Rs 1,16,959.23 crore. The large cap pharmaceuticals sector giant offered attractive returns to investors over the years. Cipla shares zoomed 62% in last 1-year, soared over 41% in last 2-years, and surged 171% in last 5-years.

As per the BSE filing of the company dated April 5, 2024, "Board of Directors of the Company will be held on Friday, 10th May 2024 inter-alia to:

1. Consider and approve the Standalone and Consolidated Audited Financial Results of the Company for the quarter and year ended 31st March 2024.
2. Recommend final dividend for the year ended 31st March 2024, if any."

2. HDFC Bank: Last trading price of HDFC Bank share on BSE is Rs 1549.40 per share. The 52-week high price of HDFC Bank Ltd share on BSE is Rs 1757.80 per share and 52-week low price is Rs 1363.45 per share. Its market capitalisation stood at Rs 11,77,065.34 crore. HDFC Bank shares zoomed 7% in last 1-week, declined over 8% year-to-date, fell over 6% in last 1-year, and gave return of 7% in last 3-years. The stock surged 35% in last 5-years and 326% in last 10-years.

HDFC Bank will hold its meeting of Board of Directors on April 20 to consider financial results and interim dividend.

As per the regulatory filing of HDFC Bank dated March 20, 2024, "We wish to inform you that the meeting of the Board of Directors of HDFC Bank Limited ("the Bank") will be held on Saturday, April 20, 2024 to inter-alia consider the following:

a) Audited financial results for the year ended March 31, 2024 along with the consolidated accounts for the year ended March 31, 2024
b) Proposal for recommendation of dividend on the equity shares of the Bank for the financial year ended March 31, 2024."

3. Maruti Suzuki India Ltd: Last trading price of Maruti Suzuki India share on BSE is Rs 12,424.65 per share. Its 52-week high price is Rs 12,724.95 per share and 52-week low price is Rs 8380.00 per share. The company's market capitalisation stood at Rs 3,90,634.19 crore. Maruti Suzuki India shares gave return of 24% in last 3-months, zoomed 47% in last 1-year, and gave return of 83% in last 3-years.

Maruti Suzuki India informed via its BSE that the meeting of the Board of Directors of the Company is scheduled on 26/04/2024 ,inter alia, to consider and approve the audited financial results for the year ended on 31st March, 2024 and to recommend dividend, if any, on equity shares of the Company for the financial year 2023-24.

4. HCL Technologies Ltd: Last trading price of HCL Technologies share on BSE is Rs 1545.50 per share. Its 52-week high price is Rs 1696.50 per share and 52-week low price is Rs 1016.45 per share, respectively. The company has a market cap of Rs 4,19,396.94 crore. The IT software company's shares declined over 4% in last 1-month. In last 6-months, HCL Technologies shares zoomed 25% and gave return of 39% in last 1-year. HCL Technologies shares jumped 182% in last 5-years.

As per the regulatory filing of the company dated March 20, "We would like to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on April 25 & 26, 2024 to consider amongst others:
1) Audited Financial Results of the Company for the financial year ending March 31, 2024.
2) Payment of Interim dividend for the financial year 2024-25.
The items relating to the financial results and the payment of interim dividend shall be considered by the Board on April 26, 2024."

5. TCS: Last trading price of Tata Consultancy Services Ltd share on BSE is Rs 3979.55 per share. In last 1-week, Tata Consultancy Services shares zoomed 2.47% and soared 22.95% in last 1-year. TCS shares gained 94% in last 5-years. Its market cap is 14,39,836.02 crore.

TCS on March 29 shared the news via its exchange filing about the meeting of Board of Directors that would take place on April 12, 2024. According to the filing, TCS will approve and take on record audited consolidated financial results and its subsidiaries under Ind AS for the year ending March 31, 2024. TCS will also recommend a final dividend, if any, on the equity shares of the Company for the financial year ending March 31, 2024, for the approval of the shareholders at the ensuing 29th Annual General Meeting.

Disclaimer: The stocks highlight dividend and are not recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.