5 Stocks That Are Available With A Dividend Of Upto 1930%

Here are a list of stocks that are available with a good dividend yield. Some of these stocks like Sanofi India have just rallied post the dividend announcement.

Take a look at the stock with dividends

Name of company	Dividend in %	Ex Dividend date
Sanofi India	1940% Final	April 28, 2023
Sanofi India	1830% Special	April 28, 2023
Crisil	2300%	March 31, 2023
Schaeffler India	1200%	April 11, 2023
Nestle India	750%	April 21, 2023

It's important to remember that there is a tax that is applicable on dividends. So, do remember to invest accordingly. Sometimes, it does not make sense to invest in dividend stocks if you are in the highest tax bracket. Apart from this, buy a day ahead of the ex-dividend dates or else you are unlikely to receive dividends. Apart from this, look for companies with a regular track record of paying dividends.

Markets continue to worry over further tightening

It was not a great week or the Indian markets. Says Dr. Joseph Thomas, Head of Research, Emkay Wealth Management, "The downslide in the equity market persisted throughout the last week of trading, influenced by internal as well as external developments. The major factor that has been causing a bend in the river is the avalanche of economic data, mostly from the US, that carried hints that the economy might be stronger that one thinks, inviting an inference that there could be further policy tightening in store. These pressures are not going to go away soon, and could dominate discussions and markets for another quarter or so. It looks like the factors responsible for the current weakness still has an upper hand."

According to Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd, next week investors will take cues from macro data including GDP and PMI numbers that would be released. Auto sector stocks would be in focus on the back of monthly sales data to be announced next week.

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