Big opportunity to earn from stock market, these 10 stocks including Central Bank and NALCO will give huge dividend.

By investing in the stock market, huge profits can be earned not only from the rising prices of shares but also from the dividends given by companies. If you also want to strengthen your portfolio with passive income, then this week is very important for you. A total of 10 stocks, including big companies like Central Bank of India and NALCO, are going to be ex-dividend. This is the last chance to get dividend by investing in these shares.

Central Bank of India: Lottery will be held for investors

Large public sector lender Central Bank of India has declared dividend for its eligible shareholders. After the good quarterly results of the bank, the management has decided to give a share of the profits to the investors. Market experts believe that amidst the strengthening of the banking sector, this step of the Central Bank can prove to be very beneficial for small investors. If you want to avail the benefit of this dividend, you have to add these shares to your demat account before the scheduled record date.

Movement in shares of NALCO and metal sector

Aluminum sector giant National Aluminum Company Limited (NALCO) has also announced dividend. NALCO is known for paying dividends to its investors at regular intervals. The company’s performance has been stable despite fluctuations in metal prices. Investors are showing interest in it not only for the dividend but also because of the long-term growth prospects of the company. Apart from NALCO, some other metal and mining companies are also included in this list.

Take special care of record date and ex-dividend date

To avail the benefit of dividend, ‘Ex-Dividend Date’ is most important. In simple words, to get the dividend you need to buy shares at least a day before the ex-date. Different record dates have been fixed for the 10 companies whose shares are in focus this week. The list of these companies also includes companies from consumer goods, finance and manufacturing sectors, which are providing a great opportunity to diversify their portfolio.

Make your portfolio ‘rich’ and powerful like this

Market experts advise not to invest only by looking at the dividend, but also check the fundamentals and debt position of the company. Companies like Central Bank and NALCO are considered safe due to government backing and strong asset base. Dividend rain this week can increase the yield of your portfolio. By keeping an eye on these 10 stocks, you can ensure a source of income even in a market downturn.