3 special dividend stocks to watch in November 2021

Why do companies distribute special dividends?

A special dividend can be paid by a company for various reasons.

A special dividend may be paid if the financial performance of the company is particularly strong. When a business is making a lot of money, it may decide to pay a special dividend rather than reinvesting it in the business or using it for something else.

Sales of assets have been linked to special payments in the past. When a company makes a substantial profit on the sale of a subsidiary or other asset, it may choose to distribute some or all of the profits to shareholders rather than reinvesting them in the business.

When a company makes significant changes to its capital structure, it can declare a special dividend. Paying a single sum of money to shareholders can quickly increase a company’s debt ratio, which can be beneficial when transitioning to a new business model.

Tech Mahindra

Tech Mahindra

Tech Mahindra’s export revenues represent more than 93 percent of its total revenues. He earns 47.5% of his income in the United States, 26.5% in Europe and 26.5% in the rest of the world. It will be interesting to see how American companies spend their money on technology.

On October 25, 2021, the company declared a dividend of Rs 15.0 per share, with a registration date of November 5, 2021. The share returned 115.71% over three years, compared to 72.47% for the ‘Nifty index 100.

Tech Mahindra special dividend

Tech Mahindra special dividend

Over a three-year period, the stock returned 115.71%, while Nifty IT gave investors a gain of 147.04%.

Since March 21, 2007, Tech Mahindra Ltd. declared 21 dividends.

Tech Mahindra Ltd. declared a stock dividend of Rs 30.00 per share in the past 12 months. This translates to a dividend yield of 2.03% at the current share price of Rs 1477.85.

Procter & Gamble Health

Procter & Gamble Health

Only 1.06% of trading sessions over the past 16 years have seen intraday declines of more than 5%. The company has sufficient liquidity to cover its contingent liabilities. The increase in the company’s QoQ revenue was 29.42%, the best of the previous three years. The stock returned 86.58% over three years, compared to 82.17% for the Nifty Midcap 100. Over a three-year period, the stock returned 86.58%, compared to 43.69% for Nifty Pharma.

Special dividend Procter & Gamble

Special dividend Procter & Gamble

Procter & Gamble Health Ltd., founded in 1967, is a mid-cap pharmaceutical company with a market capitalization of Rs 9,003.09 crore.

Since May 29, 2001, Procter & Gamble Health Ltd. declared 26 dividends.

Procter & Gamble Health Ltd. declared a stock dividend of Rs 230.00 per share in the past 12 months.

This equates to a dividend yield of 4.24% at the current share price of Rs 5,423.75.

Triveni turbine

Triveni turbine

Triveni Turbine Ltd., founded in 1995, is a mid-cap engineering company with a market capitalization of Rs 6,201.00 crore. Over a three-year period, the stock returned 88.04%, compared to 57.97% for the S&P BSE Capital Goods Index. The stock returned 88.04% over three years, compared to 82.17% 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. declared 19 dividends. Triveni Turbine Ltd. declared a stock dividend of 1.20 rupees per share in the past 12 months. This translates to a dividend yield of 0.63% at the current share price of Rs 191.80.

3 special dividend stocks to watch in November 2021

3 special dividend stocks to watch in November 2021

Society Dividend date Registration 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

Disclaimer

Investing in stocks presents a risk of financial loss. Investors should therefore exercise caution. Greynium Information Technologies, the author and the brokerage are not responsible for any losses caused as a result of decisions based on the article.

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