Which is the best share to buy for getting dividend?

This tutorial is for educational purpose, search and use your knowledge before investing. The Vedanta Ltd. company is providing good dividend and in the previous year it had given the dividend 4 times. The month wise dividend per share value is shared below for the previous year 2022: -

First Dividend- 09/03/2022- Rs-13(Dividend per share)

Second Dividend-06/05/2022- Rs-31.50(Dividend per share)

Third Dividend-26/07/2022- Rs-19.50(Dividend per share)

Fourth Dividend-29/11/2022- Rs-17.50(Dividend per share)

• Currently the stock price of Vedanta Ltd. as on 28/05/2023 is 297.65, if any individual can do the monthly SIP of this stock from different stock brokers like INDmoney, Small Case from Kotak Securities etc., then it will be fruitful for him in coming future.

            Calculation is simple and given as under:

 Suppose you do SIP of 30 stocks per month which will cost you around Rs-9000 including brokerage charges. This amount may vary depending on the market fluctuations. The target of reaching stock goal is 2000 stocks which will take around 5.7years (2010 stocks), along with the ongoing SIP you will get dividend in your account which will also help it completing your targets. I am supposing that you get minimum dividend of Rs-13 per share on 2000 stocks 4 times in a year. Then as per the calculation of 2000 stocks you will get Rs- 26,000 on every dividend and total amount in one year you will get 104,000. One thing to note that dividend income is taxable. If you are not liable to pay tax as per income tax rules then individual has to fill form-15 which is being provided by the company before the ex-date on your mail id, and if you fail to do so then 10% income will be deducted from dividend received. Further if you are liable to pay tax then also deduction will be done from the dividend income, and i don't think that if after deduction you get Rs-90,000 is a bad amount.