Dividends are lucrative for investors as they augment their income stream for them and for listed companies, it is a way to reward their shareholders. As earnings season for the September quarter period is underway, some of the companies that announced dividends on Wednesday include:
- Bayer Crop Science: The pesticides and agrochemicals company on Wednesday declared an interim dividend of Rs 100 per equity share for FY23. The record date for the same has been fixed as November 19, while the dividend payment date is given out as December 8, 2022. Bayer is a midcap firm with an m-cap of around Rs 21,300 crore.
- Gujarat Pipavav Port: The board of the company has approved an interim dividend of Rs 2.7 per share for FY23. “The board has approved Monday, November 21, as the record date to determine the members eligible for receiving the dividend. The dividend is likely to be paid to the eligible members by Thursday, December 1, 2022,” said the release. Gujarat Pipavav with an m-cap of Rs 4,280 crore falls in the smallcap category.
- Venus Pipes: At its board meeting, besides the quarterly results, the company announced an interim dividend of Re 0.50 per equity share (representing 5 %). The said interim dividend will be paid on or before December 8, 2022. For the purpose of determining shareholders' eligibility for the aforesaid dividend, the board has decided November 21 as the record date.
- Quess Corp: The business services company on Wednesday declared an interim dividend of Rs 8 per equity share for the financial year 2022-23. The interim dividend shall be paid on or before November 29, 2022, to the equity shareholders of the company who own the stock as of the record date which is fixed as November 18.
- ASM Technologies: The software consulting company announced the 2nd interim dividend of Re 1 per share on the face value of Rs 10 fully paid and Re 0.30 per share on the face value of Rs 3 partly paid up shares for the year 2022-2023. The dividend will be paid on or before December 8. Further, in respect of the said dividend, the board has fixed November 25 as the record date.
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