Top Dividend Stocks Announce Major Payouts, SBI and Colgate Lead with High Dividends!

As FY 2024 concludes, companies like SBI, Colgate Palmolive, Tata Consumer, Stovec Industries and Vedanta announce large dividends, highlighting significant payouts and underscoring strong annual performance.
Top Dividend Stocks Announce Major Payouts, SBI and Colgate Lead with High Dividends!

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.

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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.

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