How many IRCON stock we need to buy for the 5000 Rs dividend?

To determine how many IRCON stocks you need to buy to receive a dividend of Rs. 5,000, we need to calculate the total dividend per share and then divide the desired dividend amount by the total dividend per share.

Given information:

• Initial price of IRCON stock: Rs. 273.55
• Dividend data:
  Ex-Date Type Dividend (Rs)
  16 Feb, 2024 Interim 1.80
  05 Sep, 2023 Final 1.20
  17 Feb, 2023 Interim 1.80
  08 Sep, 2022 Final 0.65
  21 Feb, 2022 Interim 0.70

Step 1: Calculate the total dividend per share.
Total dividend per share = Sum of all dividends
Total dividend per share = 1.80 + 1.20 + 1.80 + 0.65 + 0.70 = 6.15

Step 2: Calculate the number of shares needed to receive a dividend of Rs. 5,000.
Number of shares needed = Desired dividend amount / Total dividend per share
Number of shares needed = 5,000 / 6.15 = 812.60

Therefore, you need to buy approximately 813 IRCON stocks to receive a dividend of Rs. 5,000, given the initial price of Rs. 273.55 per share and the provided dividend data.

Note: This calculation assumes that you hold the shares until the ex-dividend dates for all the dividends mentioned. Also, the number of shares is rounded up to the nearest whole number since you cannot buy fractional shares.