2 FMCG Stocks, 1 IT Stock With Maximum Dividend Up To 1800% To Trade Ex-Dividend Next Week

3 Stocks that have announced interim dividend recently are all set to trade ex-dividend next week. These companies are Nestle India Ltd, Colgate Palmolive (India) Ltd., and Sonata Software Ltd. Nestle has announced an interim dividend of 1200%, Colgate declared 1800% interim dividend, and Sonata declared 700% interim dividend. Check key takeaways below:

1. Colgate Palmolive (India) Ltd

The board of directors of Colgate Palmolive declared a first Interim Dividend of Rs. 18/- (Rupees Eighteen Only) per equity share of Re.1/- (face value) for the financial year 2022-23. The said interim dividend will be paid on and from November 16, 2022 to those shareholders whose names appear in the Register of Members of the Company as on the Record date i.e. November 1, 2022.

The ex-dividend date of the interim dividend is 31 October, 2022 and record date is November 1, 2022.
The current market price of Colgate is Rs 1616 apiece. The company has a market capitalisation of Rs 43,955 crore. The stock has given a return of 56% in last 5-years and 6% in last 3-years. The shares have climbed 6% in last 1-year.

The company operates in FMCG sector. The large cap company came into existence in 1937.

2. Nestle India Ltd

The company declared a solid Rs 120 per equity share interim dividend on October 19, 2022.

The board of directors in the regulatory filing stated, "The Board of Directors, at their meeting held today, declared Second Interim Dividend of Rs. 120/- (Rupees One Hundred Twenty Only) per equity share of Rs. 10/- each for the year 2022 on the entire issued, subscribed and paid-up share capital of the Company of 9,64,15,716 equity shares of the nominal value of Rs. 10/- each. Second Interim Dividend for the year 2022 will be paid on and from 16th November 2022 to those Members whose names appear in the Register of Members of the Company and as beneficial owners in the Depositories, as on the Record Date fixed for the purpose i.e., 1st November 2022, as intimated vide our letter PKR:GA 48:22 and 49:22 dated 10th October 2022."

The ex-dividend date is 31 October 2022 and record date is November 1, 2022.

The current market price of Nestle India is Rs 20,281 apiece with 52-week high at Rs 21,053 apiece and 52-week low at Rs 16,000 apiece, respectively. The company has a market capitalisation of Rs 1,95,546.98 crore. The stock has given a return of 183% in last 5-years, 37% in last 3-years, and 8% in last 1-year.

The company operates in FMCG Sector and the large cap company came into existence in 1959.

3. Sonata Software Ltd

The company Declared an Interim Dividend of Rs. 7.00 per share (700 % on par value of Rs. 1/-) for the financial year 2022-23. The Record date for the purpose of payment of the Interim Dividend will be on Tuesday, 1* November, 2022. The Interim Dividend will be paid to the registered shareholders on or after Monday, 14*° November, 2022 through Electronic mode or by dividend warrants, as applicable.
The ex-dividend date is October 31 and record date is November 1, 2022.

The current market price of Sonata is Rs 509 apiece with market capitalisation at Rs 7143 crore. The stock has given a return of 296% in the last 5-years and 117% in last 3-years. It has fallen 14% in last 1-year.

It operates in IT Software sector. The mid-cap company was incorporated in 1994.

Disclaimer

The above is the list of stocks that will soon trade ex-dividend. 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 check with certified experts before taking any investment decision.