Question: Can I buy Majesco share to get dividend?

Investors are buying the stock of Majesco since the time it declared a dividend of nearly 20,000% on December 15. But, it may not be a great idea, according to analysts.

Is it advisable to buy Majesco shares?

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.

Will I get dividend if I buy Majesco share today?

The company had already completed a buy-back of shares at Rs 845 per share. Majesco decided to pay a special dividend of Rs 974 per share on December 15, 2020. The company has announced that the record date for the dividend payout will be made on December 25, 2020 and the ex-date would be December 23, 2020.

Is it good to buy Majesco share for dividend?

Majesco has also launched a Rs 631 crore buyback program to return value to its shareholders. This is good news for existing investors but new investors should be wary of buying Majesco shares. … After the dividend payout, the company will only have Rs 103 crore as cash and real estate of Rs 70 crore.

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How do I buy a stock to get the dividend?

In order to collect dividends on a stock, you simply need to own shares in the company through a brokerage account or a retirement plan such as an IRA. When the dividends are paid, the cash will automatically be deposited into your account.

Why Majesco give so much dividend?

It is a signal for investors to sell, rather than buy into the company, they said. Majesco made nearly ₹3,200 crore after selling its stake in its US subsidiary, Mastek. The majority of its dividend came from the stake sale and with the company’s profit distributed as the dividend to the shareholders.

Why did Majesco give high dividend?

The dividend was slightly higher than the small-sized technology company’s previous day’s closing price of Rs 972. The high dividend payout follows the sale of US arm — which accounted for the bulk of its revenues and profits — to private equity firm Thoma Bravo earlier this year.

What will happen to Majesco share after dividend?

Shares of Majesco were locked in 5 per cent upper circuit at Rs 12.20 on the BSE on Wednesday after the stock turned ex-interim dividend for Rs 974 per share today. … This interim dividend payout translates to an amount of Rs 2,788.4 crore on a shareholder base of 28.577 million shares.

Who will get Coal India dividend?

The government will receive around ₹3,667 crore as an interim dividend from Coal India for the current 2021-22 fiscal, as reported by PTI. The Maharatna PSU announced a 90% interim dividend for FY22, and the total outgo for the purpose will be around ₹5,546 crore, the report added.

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How much does ITC pay in dividends?

PREMARKET

Dividends Declared
13/05/2019 22/05/2019 Rs.5.7500 per share(575%)Dividend
16/05/2018 25/05/2018 Rs.5.1500 per share(515%)Dividend
30/05/2017 05/06/2017 Rs.4.7500 per share(475%)Dividend
20/05/2016 30/05/2016 Rs.8.5000 per share(850%)Dividend

Is Majesco an Indian company?

Majesco Limited was incorporated as Minefields Computers Private Limited on June 27, 2013 in the state of Maharashtra. It was converted into a public limited company on December 22, 2014. … The shares of Majesco Limited were listed on August 19, 2015 on the BSE and NSE.

Who is buying Majesco shares?

Shares of Majesco hit their 5 per cent upper limit on Monday after its promoter’s 14.78 per cent stake was bought by Aurum Ventures, a real estate firm. Shares of Majesco rose 5 per cent to end at Rs 66.6.

Is Majesco and Aurum same?

Originally a Mastek subsidiary, Majesco had listed on stock exchanges in 2014 as an insurance-technology services provider. When shareholders approve Majesco’s name change at its annual general meeting on September 6, 2021, it will be rechristened Aurum Proptech.

Can I buy shares just before dividend?

If a buyer purchases company shares before the ex-dividend date, the buyer is entitled to receive the dividend payments. This is because the buy information is submitted to the transfer agent before the record date. … They will therefore not be entitled to receive dividends.

Can you get rich off of dividends?

Dividend stocks are an amazing way to grow wealth over time because of compounding. … Over time, the compounding of dividends causes the gap to grow wider between each stock’s price appreciation and its total return, which is the performance that results when dividends are reinvested.

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Is it good to buy dividend stocks?

Dividend-paying stocks provide a way for investors to get paid during rocky market periods, when capital gains are hard to achieve. They provide a nice hedge against inflation, especially when they grow over time. They are tax advantaged, unlike other forms of income, such as interest on fixed-income investments.