Majesco s mega dividend announcement: What should investors do?
This amount is added to your total income and taxed at your slab. For those in the higher brackets, the rate of tax is in the range of 30-40 percent December 18, 2020 / 10:49 AM IST
Majesco, a listed information technology company, announced a dividend payout of a whopping Rs 974 on December 15. At a share price of around Rs 970, the dividend payout of nearly 100 percent, seems extremely attractive. A large dividend income also attracts tax. Is there a way to avoid a large tax payout? Should you buy shares just before large dividend announcements?
Why such huge dividend payout?