1 Largecap & 1 Midcap Stock Declare Upto Rs. 850 Dividend, Record Date In November

Dividends are paid as rewards to the shareholders of a company, as decided by the board, after making a significant profit in a quarter or a fiscal year. The board can offer a dividend to attract fresh investors to the stock. In the past two days, the top two stocks announced significant dividends for the shareholders and disclosed record dates.

3M India

3M India is a top large-cap stock with an Rs. 26,454 crore market capitalization, that has announced to pay an Interim (Special) Dividend of Rs. 850 per equity share of face value Rs. 10 each, for FY23. The record date has been fixed on Wednesday, November 22, 2022. The Interim Dividend shall be paid/dispatched to the shareholders on or before December 9, 2022."

Aegis Logistics Ltd.

Aegis Logistics Ltd. is a top midcap logistics stock with an Rs. 11,102 crore market capitalization, that has announced to pay 3rd Interim Dividend of 200%, that is Rs. 2 dividend per equity share of face value of Re.1 in FY 23. The record date has been fixed on Wednesday, November 16, 2022. The 3rd Interim Dividend will be paid on or before December 7, 2022. Recently the company's board informed that its net sales stood at Rs. 750.23 crore in Q2 FY23, increased by 190.92% YoY from Rs. 257.88 crore in Q2 FY22. Today, its share price closed at Rs. 315.50, up by 6% in trade. In the past 6 months its share price gained by around 54.32% on NSE.

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, and the author are not liable for any losses caused as a result of decisions based on the article. This article only incorporates recent stock-related information about the companies.