As FY 2024 concludes, firms report substantial final dividends following a year of strong earnings, showcasing five stocks set to make significant payouts with upcoming record dates.
State Bank of India (SBI)
SBI’s board declared a 1,370% dividend for FY24, amounting to Rs 13.7 per share. The record date is May 22, 2024, with payment on June 5, 2024. SBI has paid dividends consistently, averaging a 448% payout over the last five years.
Colgate Palmolive (India)
Colgate Palmolive announced a second interim dividend of Rs 26 per share, recorded on May 23, 2024. Additionally, a one-time special interim dividend of Rs 10 per share was declared due to the company’s excellent performance in 2023-24.
Tata Consumer Products
For FY24, Tata Consumer Products declared a 775% dividend, equating to Rs 7.8 per share, recorded on May 24, 2024. Tata Consumer has a history of consistent dividends, averaging a 475% payout over the last five years.
Stovec Industries
Stovec Industries declared an interim dividend of 1,150%, or Rs 115 per share, with a record date of May 27, 2024. Stovec has a solid dividend history, having paid 26 dividends since 2001.
Vedanta
Vedanta announced an interim dividend of 1,100%, amounting to Rs 11 per share, recorded on May 24, 2024. Vedanta has consistently paid dividends, averaging a 3,575% payout over the last five years.