Huge dividend of up to ₹350! 75 companies including Abbott and Hawkins will rain money next week

The next week is going to be very wonderful and full of profits for stock market investors. If you also want to earn regular income from the stock market without selling shares, then prepare your watchlist. More than 75 big companies of the Indian stock market are going to pay huge dividends to their shareholders next week. This list includes big names like pharma sector giant Abbott India and Hawkins Cookers, famous in every household for kitchen utensils.

There will be a shower of profits with big companies

This long list of dividend distributing companies includes many big and trusted corporate houses. According to experts, Abbott India can give a bumper dividend of more than ₹ 350 per share to its investors, while Hawkins Cookers is also preparing to give huge profits to its shareholders. Apart from these, many other midcap and smallcap companies of IT, FMCG, manufacturing and banking sectors are also going to have ex-dividend this week.

What is ex-dividend date and why is it important?

If you also want to be a part of this profit, then you will have to understand the mathematics of ‘ex-dividend date’. According to the rules, to get the dividend of any company, investors have to buy that share in their demat account at least one day before the ex-dividend date. More than 75 of these companies will trade ex-dividend on different days between Monday and Friday next week. In such a situation, investors have this great opportunity to generate strong passive income by placing bets at the right time.

Keep an eye on record date before investing

Market analysts say that after the results of the first quarter of the current financial year, companies are sharing their surplus cash with investors. Investors are advised not to invest money in a stock just due to the lure of dividend, but also to thoroughly examine the fundamentals and record date of the company. You can check the complete list of record dates and names of companies happening this week by visiting your broking app or the official website of the Stock Exchange (BSE/NSE).