7 large and mid-cap stocks that have announced dividends I High dividend paying stocks in India 2021 - YouTube

Hi, as you know we keep telling you about the companies that have recently announced dividends

And today we will talk about the top 7 large-cap and mid-cap companies whose ex-dividend date is in June

The ex-dividend date is the date before you which you need to buy the shares of the company to earn the dividend

Normally we see the headlines of some company declaring a 100% dividend or a 1000% dividend

but when you see the dividend amount, you feel that it is very less that is because whenever dividend

is declared, it is set on the face value of the share, and the face value is the value at which the share was first issued

So when you compare the face value to the dividend announced, you don't get the clear picture

If you want to get a clear picture of dividends, you should get to know the dividend yield.

The dividend yield is calculated by dividing dividend per share by the market value

This is a better metric to get to know about dividends and we have covered only those stocks

whose dividend yield was more than 1%, this list will be ascending order meaning the highest dividend yield will be discussed last

So let us start today's dividend alert

The first company is Torrent Power, it has a business of power generation, transmission and distribution

They have announced Rs.5.5 dividend per share and have a dividend yield of 1.28%

Its ex-dividend date is 24th June 2021, and if you have its share till 23rd June you are eligible for the dividend

The second company is Tata Chemicals, which manufacture inorganic chemical products and is a mid-cap stock

They announced a dividend of Rs.10 per share and a dividend yield of 1.41%, and its ex-dividend date is 14th June

The third company is Nippon Life Asset Management, it is an asset management company that manages mutual funds

It declared a dividend of Rs.5 per share with a dividend yield of 1.44%

It is a large-cap stock and its ex-dividend date is 10th June 2021

The fourth company is Supreme Petrochem which manufactures various polymers that are used in different industries

They declared a dividend of Rs12.5 per share with a dividend yield of 1.67%

and its ex-dividend date is of 25th June 2021

The fifth company is Tata Steel which is Asia's first integrated private steel company

They declared a dividend of Rs.25 per share and its ex-dividend date is 17th June 2021

Its dividend yield according to its current market price is 2.26%

The sixth company is Tata Investment Corp, it is an NBFC and is a mid-cap stock

It has declared a dividend of Rs.24 per share and its ex-dividend date is 16th June 2021

and its dividend yield is 2.27%

The seventh company is BPCL, it is India's leading oil and gas company and is a large-cap stock

They have declared a dividend of Rs.58 per share and a dividend yield of 12.28%

Its ex-dividend date is yet not announced, but after the declaration of the dividend in their AGR, the payment should happen in 30 days

They have also paid an interim dividend of Rs21 earlier too

So these were the 7 companies whose ex-dividend date is in June

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