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Why companies issue special dividends?
A special dividend may be paid by a company for a variety of reasons.
A special dividend may be paid if the company’s financial performance is especially strong. When a firm earns a lot of money, it may decide to pay a special dividend rather than reinvesting it in the business or using it for anything else.
Asset sales have been linked to special payouts in the past. When a corporation realises a substantial profit on the sale of a subsidiary or other asset, it may choose to distribute some or all of the earnings to shareholders rather than reinvesting them in the business.
When a company makes significant changes to its capital structure, it may declare a special dividend. Paying a single sum of money to shareholders can quickly boost a company’s debt ratio, which may be advantageous when transitioning to a new business model.
Tech Mahindra
Tech Mahindra’s export revenues account for more than 93 percent of its total revenue. It earns 47.5 percent of its income in the United States, 26.5% in Europe, and 26.5 percent in the rest of the globe. It’ll be interesting to see how US corporations spend their money on technology.
On October 25, 2021, the company declared a dividend of Rs 15.0 per share, with a record date of November 5, 2021. The stock returned 115.71 percent over three years, compared to 72.47 percent for the Nifty 100 index.
Tech Mahindra special dividend
Over a three-year period, the stock returned 115.71 percent, while the Nifty IT delivered investors a 147.04 percent gain.
Since March 21, 2007, Tech Mahindra Ltd. has declared 21 dividends.
Tech Mahindra Ltd. has declared an equity dividend of Rs 30.00 per share in the last 12 months. This translates to a dividend yield of 2.03 percent at the current share price of Rs 1477.85.
Procter & Gamble Health
Only 1.06 percent of trading sessions in the last 16 years had intraday drops of more than 5%. The company has enough cash on hand to cover its contingent liabilities. The company’s QoQ revenue increase was 29.42 percent, the best in the prior three years. The stock returned 86.58 percent over three years, compared to 82.17 percent for the Nifty Midcap 100. Over a three-year period, the stock achieved an 86.58 percent return, compared to 43.69 percent for Nifty Pharma.
Procter & Gamble Special Dividend
Procter & Gamble Health Ltd., founded in 1967, is a Mid Cap business in the Pharmaceuticals sector with a market cap of Rs 9,003.09 crore.
Since May 29, 2001, Procter & Gamble Health Ltd. has declared 26 dividends.
Procter & Gamble Health Ltd. has declared an equity dividend of Rs 230.00 per share in the last 12 months.
This equates to a dividend yield of 4.24 percent at the current share price of Rs 5423.75.
Triveni Turbine
Triveni Turbine Ltd., founded in 1995, is a Mid Cap business in the Engineering industry with a market capitalization of Rs 6,201.00 crore. Over a three-year period, the stock returned 88.04 percent, compared to 57.97 percent for the S&P BSE Capital Goods index. The stock returned 88.04 percent over three years, compared to 82.17 percent for the Nifty Midcap 100. On October 26, 2021, the company declared a dividend of Rs 0.4 per share, with a record date of November 9, 2021.
Since November 8, 2011, Triveni Turbine Ltd. has declared 19 dividends. Triveni Turbine Ltd. has declared an equity dividend of Rs 1.20 per share in the last 12 months. This translates to a dividend yield of 0.63 percent at the current share price of Rs 191.80.
3 Special Dividends Stocks To Watch Out In November 2021
Company | Dividend Date | Record date | Dividend% |
Triveni Turbine | 08-Nov-2021 | 09-Nov-2021 | 60 |
Procter & Gamble Health | 02-Nov-2021 | 05-Nov-2021 | 900 |
Tech Mahindra | 02-Nov-2021 | 05-Nov-2021 | 300 |
Disclaimer
Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.
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