7 Indian companies will be paying more than 1000% in dividends in August 2022. Here's the list

More than 100 listed Indian companies will be treating their shareholders with handsome dividends in the month of August and about 7 of these companies will be going over and beyond by paying more than 1000% in dividends to their investors. Here's the elite list that includes the likes of Eicher Motors, Sanofi India, Abbott India, Maruti Suzuki and more. 

But before that, know the important dates and terms related to dividends:

• Dividend declaration date: This is the date when the board of directors announce that the company will pay the dividend. Also, the board will announce the dividend rate and the amount in Rs. 
• Record date: If you want to receive dividends as an investor, your name needs to be present in the company's list of shareholders on the record date. So say a company's record date is August 5, 2022, then your name has to be present in the list of the company's shareholders as of that date. 
• Ex-dividend date: This date is usually 2 to 4 days before the record date. Why? Trading in the Indian stock market happens on T+2 days ie one only receives stocks in their demat account two days after executing a trade. So, if a company's record date is August 5, you need to buy shares on or before August 3. What happens if you buy shares on August 4 or 5? The seller will receive the dividend and not you.   
• Payment Date: This is the date when the dividend is paid out to the shareholder.

The 7 Indian companies paying dividends over 1000 per cent:

1. Eicher Motors - 2100% 

Leading all companies, Eicher Motors has declared a final dividend of 2100% which amounts to Rs 21/share. Eicher Motor's current market price per share as of July 28, 2022 is Rs 3,053. The record date is August 18 and the ex-dividend date is August 12, 2022.   

2. Sanofi India - 1930%

Next in line is Sanofi India which has declared a one-time special interim dividend of 1,930% which amounts to Rs 193 per equity share. Sanofi India's current market price as of July 28, 2022 is Rs 6,335. The record date is August 8 and the ex-dividend date is August 5, 2022.

3. Divis Lab - 1500%

Renowned pharma company Divis Lab declared a final dividend of 1500% which amounts to Rs 30 per equity share. Divis Labs' current market price per share as of July 28, 2022 is Rs 3840. The record date is August 12 and the ex-dividend date is August 11, 2022. 

4. Abbott India - 1300% and 1450%

Shareholders of Abbott India must have collapsed out of excitement when the company announced two dividends. Abbott India has announced a special dividend of 1300% (ie Rs 130/ share) and a final dividend of 1450% (ie Rs 145/share). 

The current market price as of July 28, 2022 is Rs 19,655. The record date is August 4 and the ex-dividend date is August 2, 2022.

5. Maruti Suzuki - 1200%

Maruti Suzuki's share price has zoomed up since the company declared a final dividend of 1200% (Rs 60 per equity share). Maruti Suzuki's current market price per share as of July 28, 2022 is Rs 8710. The record date is August 5 and the ex-dividend date is August 3, 2022.

6. United Breweries - 1050%

United Breweries gave shareholders good news to toast to after it declared a final dividend of 1050% (Rs 10.5 per equity share). United Breweries' current market price per share as of July 28, 2022 is Rs 1616. The record date is August 5 and the ex-dividend date is August 3, 2022.

7. Bata India - 1010%

Investors of Bata fell even more in love with the shoe brand after it declared two bumper dividends - a special dividend of 1050% (Rs 50.50 per equity share) and a final dividend of 80% (Rs 4/ share). Bata's current market price per share as of July 28, 2022 is Rs 1861. The record date is August 5 and the ex-dividend date is August 3, 2022.