Top dividend stock: Infosys joins the list of firms announcing biggest payouts of 2023 so far
Top Dividend-Paying Stock: IT giant Infosys joins the list of companies declaring some of the biggest dividends of the year so far, a day after Tata Group IT major TCS became the latest company in India to announce a hefty dividend. Do you own any of these stocks in your portfolio? Here's a list of stocks you can track in the future to give your portfolio a dividend boost.
Top Dividend-Paying Stocks: Infosys (INFY) — the country's second-largest IT services exporter announced a dividend of 350 per cent on April 13. This comes a day after Tata Group IT major TCS became the latest company in India to announce a hefty dividend. Earlier, Tiger glucose biscuit maker Britannia announced a payout of 7,000-plus per cent. And the list doesn't end there. It's actually raining dividends on Dalal Street.
Dividends enable listed companies to reward their shareholders and can prove to be effective in creating wealth for investors.
Here is a list of companies that have given some of the biggest dividends over the past few weeks:
Hindustan Aeronautics Ltd (HAL)
Vedanta dividend 2023, Vedanta dividend announcement 2023: Vedanta has announced its fifth interim dividend of a whopping 2,050 per cent to its shareholders. The company has approved an interim dividend of Rs 20.50 per equity share of face value of Re 1 per share. The stock traded ex-date on April 6.