Why did Majesco give so much dividend?
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Why did Majesco give so much dividend?
Why such huge dividend payout? Dividends paid by Majesco in recent years hovered in the range of Re 1 to Rs 2 per share. However, the company decided to sell the business. The sale proceeds after accounting for expenses and capital gains tax, led to cash accumulation of Rs 1028 per share in its books.
What is the dividend declared by Majesco?
The board of directors of Majesco, at its meeting held on December 15, 2020, had approved an interim dividend of Rs 974 (19,480 per cent) per equity share of face value of Rs 5 each for the financial year 2020-2021.
Why did Majesco share price fall?
On Tuesday, shares of Majesco declined as investors chose to sell, rather than be taxed for dividend income. The stock was down by half a percent a day after the company announced an interim dividend of Rs 974 per share for the financial year 2020-21.
After the dividend is declared, the price corrects itself to exclude the dividend portion, so it now becomes Ex-dividend. This what happened with Majesco’s stock price. It fell from Rs 985.65 to Rs 12 after giving a dividend of Rs 974.
Which company gives highest dividend in India?
Highest Dividend Yield Shares
| S.No. | Name | Div Yld \% |
|---|---|---|
| 1. | Coal India | 10.75 |
| 2. | I O C L | 10.18 |
| 3. | REC Ltd | 9.29 |
| 4. | Power Fin.Corpn. | 8.07 |
Should I invest in Majesco?
What is Majesco worth? Good news, investors! Majesco is still a bargain right now according to my price multiple model, which compares the company’s price-to-earnings ratio to the industry average. Majesco’s share price also seems relatively stable compared to the rest of the market, as indicated by its low beta.
Is it good time to invest in Majesco?
Good news, investors! Majesco is still a bargain right now according to my price multiple model, which compares the company’s price-to-earnings ratio to the industry average. Majesco’s share price also seems relatively stable compared to the rest of the market, as indicated by its low beta.
Does Tata Motors give dividend?
Tata Motors Ltd. The company has a good dividend track report and has consistently declared dividends for the last 5 years. Recommended a dividend of Rs. 4/- per Ordinary share (200\%) and Rs. 4.10 per ‘A’ Ordinary share (205\%), both of face value of Rs.
Who has the highest dividend yield?
25 high-dividend stocks
| Symbol | Company Name | Dividend Yield |
|---|---|---|
| KMB | Kimberly-Clark Corp. | 3.50\% |
| MMM | 3M Co. | 3.48\% |
| MRK | Merck & Co. Inc. | 3.47\% |
| LMT | Lockheed Martin Corp. | 3.36\% |
Stock score of Majesco Ltd moved up by 2 in a week on a 10-point scale. This interim dividend payout translates to an amount of Rs 2,788.4 crore on a shareholder base of 28.577 million shares. The balance cash reserves estimated at Rs 103 crore will be distributed subject to board and regulatory approvals, the company said.
What is the history of Majesco?
A: Majesco was incorporated as Minefields Computers Private Limited on 27th June 2013 in the state of Maharashtra. It was converted into a public limited company on 22nd December 2014. Pursuant to the approval of the Bombay High Court and the Gujarat High Court, the name of the company was changed to Majesco Limited on April 30, 2015.
What is the interim dividend paid by metmajesco for 2020-21?
Majesco NSE 4.85 \% on Tuesday announced that its board has approved payment of an interim dividend of Rs 974 per equity share for the financial year 2020-21. The smallcap insurance technology firm has fixed December 25 as record date.
What does Majesco do for insurance companies?
Majesco (USA) is engaged in providing core software solutions for Property & Casualty/General Insurance (“P&C”), and Life, Annuities & Pensions (“L&A”) providers, to manage policy administration, claims management and billing functions. Q: Which are the stock exchanges where Majesco shares are listed?