Dividend stocks: These 10 companies are filling the pockets of investors through dividends only; those who have stocks consider themselves to have hit the jackpot!

The stock market is constantly making new records. Companies are also making profits. Investors have also invested heavily in stocks. But even more benefit was gained by the investors of those companies that received dividends. Companies are giving dividends to their shareholders. Let us take a look at 10 such companies, which have given huge dividends to investors in the last 12 months. Axis Securities has presented a report on such shares.

1. Coal India Dividend

Coal India Ltd Dividend Record Date: Maharatna public sector company Coal India Limited (CIL) has shared an important update for its shareholders. Coal India had announced 50 percent dividend. Coal India announced his Record date. Not only this, Coal India told the stock market that for the first time in 14 years, the company has reversed the trend of decline in underground coal production. Coal India’s Annual General Meeting (AGM) will be held on 21 August 2024.Dividend Amount: 25.5/- Duration: 12 month( Dividend stocks)

2. Bharat Petroleum Dividend

Bharat Petroleum Corporation Limited (BPCL) has announced a final dividend of Rs 31.6 per share to its shareholders for the financial year 2024-25. The record date for this has been fixed as August 9, 2024. That is, the shareholders whose names are recorded in the company’s records till this date will be eligible to receive the dividend.

BPCL has said that shareholders’ approval will be taken on this dividend in the Annual General Meeting (AGM) to be held in August. If the dividend is approved in the meeting, it will be paid to the shareholders receiving it within 30 days from the date of the meeting.
BPCL is a public sector undertaking (PSU) owned by the Ministry of Petroleum and Natural Gas, Government of India.Dividend stocks

3.Vedanta dividend

If you are an investor in mining company Vedanta Ltd, then there is big news for you. Actually, big news has come for the investors of the company after the stock market closed on Monday. The board of Anil Agarwal-led company Vedanta announced the third interim dividend in its meeting on Monday (September 2). The company has announced a dividend of Rs 46 per share under this. As per sources from the stock market, Vedanta has confirmed 10 September 2024 as the record date for the dividend for shareholders.

Earlier this year, the company has an interim dividend at the rate of Rs 11 and Rs 4 per share. With the recent announcement, the company has so far paid a dividend of Rs 35 per share to the shareholders in the current financial year. This is the highest dividend since April 2023, when the company announced a dividend of Rs 20.5 per share. The company will have to spend a total of Rs 7,821 crore on this item from the current payment of Dividend stocks

Promoter will get Rs 4,409 crore
As per the current stake, a total payment of Rs 4,409 crore will be made to the company’s promoter unit, Vedanta Resources. As of July 20, 2024, Vedanta Resources had a 56.38 percent stake in Vedanta Limited. The company currently has 17.4 lakh small investors. Dividend stocks

4. Gujrat Narmada Valley Fertilizers & Chemicals Dividend

Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (GNFC) declared an equity dividend of 165% for March 2024, which means a dividend of Rs 46.6 per share was paid. At the current share price of Rs 654.55, this gives a dividend yield of 2.52%. The company has declared dividends continuously for the last 5 years.Dividend stocks

Some more information about GNFC:
GNFC shares have a 52-week high price of Rs 814.85 and a 52-week low price of Rs 590.
GNFC is considered to be almost debt-free.
The face value of GNFC shares has not been changed yet

Also read: :-Canara Bank Dividend 2024 after split Dividend stocks

5. HCL Tech Dividend

HCL Technologies Dividend: The company has given a dividend of Rs 12 per share. In the first quarter, the company had given a dividend of Rs 54 per share for 12 months. Let us tell you that the company has announced the quarterly results. On a quarterly basis, i.e., in comparison to the January-March quarter of the financial year 2023-24, the profit has increased from Rs 3986 crore to Rs 4257 crore in the 04-05 (April-June) quarter of the financial year 2024-2025.

6. Chennai Petroleum Corporation Dividend

Chennai Petroleum Corporation’s shares witnessed a stormy rally after its impressive results and it started trading at Rs 1081 level with an intraday gain of 16 per cent.

Chennai Petroleum Corporation, a Public Sector Undertaking (PSU) of the refinery industry, on Wednesday announced a huge equity dividend (final) of Rs 55/- per share with a face value of Rs 10/- for the financial year 2023-24.

Chennai Petroleum Corporation Ltd had declared a dividend of Rs 27/share in the year 2023. After that, this is the highest dividend ever declared by Chennai Petroleum Corporation.

Chennai Petroleum Corporation’s shares witnessed a stormy rally after its impressive results and it started trading at Rs 1081 level with an intraday gain of 16 per cent.Dividend stocks

Chennai Petroleum Corporation shares have given an attractive return of 309% to its investors in the last year.

Chennai Petroleum Corporation gave a big dividend
The Board of Directors of the company has recommended an equity dividend (final) of 550% for the financial year 2023-2024. That is, a dividend of Rs 55/- will be given per equity share of face value of Rs 10. This will be subject to the approval of the shareholders in the forthcoming Annual General Meeting of the company, wherein the final dividend of Rs 10/- on each paid-up share capital will be paid within 30 days from the date of declaration in the AGM. The record date for payment of the final dividend will be informed in due course.”

Apart from this, the Board of Directors has recommended a preferential dividend of 6.65% on outstanding preferential shares of Rs 33.25 crore for the year 2023-2024. Dividend stocks

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