HDFC Bank, the country’s largest private bank in terms of market cap, can make a big announcement on June 18. Let’s learn about it…
HDFC Bank’s board meeting is scheduled to be held on Friday (June 18). In this meeting, the bank can take a decision on the dividend. If this happens, then those who invest money in the stock will have a big advantage. If you try to understand it in easy language, then the company makes profit. She shares some part of it with her shareholders (buyers of shares). It is called dividend. Experts tell that the money the company has taken from you. She does business with it and shares the profit with you. But it is not mandatory for the company to pay dividend to the shareholders. If a company is giving dividend, then there is no guarantee that it will also give it further. Whether to pay dividend or not depends on the board of directors of the company. Experts say that this will not affect the customers.
Usually, after buying a share, if there is growth in it, then investors get the benefit of it. But can it happen that invest in one place and you will get profit in 2 ways on it. Many people will not have much idea about this. This is also possible in the stock market. You can take advantage of this by investing in high dividend paying stocks.
What is dividend…when does this amount come in the account
Some companies keep giving some part of their profits from time to time to their shareholders. They give this part of the profits as dividend to the shareholders.
Record Date- With the declaration of dividend, a record date is also announced. This is the date on which the company sees this in its record books, which investors of the company’s shares are currently with. That is, the dividend money is transferred to the account of the people who have shares till the record date.
Who decides how much dividend will be received?
Asif Iqbal, Head of Research, Escort Security, says that the amount of dividend to be paid is decided in the annual meeting of the company.
This is called the final dividend. If the company pays dividend in the middle of the financial year, then it is called interim dividend or interim dividend. Interim dividend is paid when the company makes profit in the first half of a financial year.
Which companies have announced dividend payout so far?
The country’s largest IT company TCS has announced a dividend of Rs 15 per share. At the same time, Tech Mahindra will give a dividend of Rs 30 per share. Wipro has declared a dividend of Re 1 per share.
HCL Tech has decided to pay two dividends. There is a special dividend. It is Rs.6 per share. At the same time, there is an interim dividend of Rs 10 per share. ICICI Bank has declared a dividend of Rs 2 per share.
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