Check out the list of dividend paying stocks in the coming times.
COMPANY NAME |
DIVIDEND |
DATE |
|||
Type |
% |
Announcement |
Record |
Ex-Dividend |
|
CAMS |
Interim | 0.00 | 09-01-2023 | 15-02-2023 | 15-02-2023 |
Procter&Gamble |
Interim | 0.00 | 16-01-2023 | 13-02-2023 | 13-02-2023 |
Engineers India |
Interim | 0.00 | 17-01-2023 | 13-02-2023 | 13-02-2023 |
TV TodayNetwork |
Interim | 0.00 | 13-01-2023 | 13-02-2023 | 13-02-2023 |
Gillette India |
Interim | 0.00 | 09-01-2023 | 09-02-2023 | 09-02-2023 |
Transport Corp |
Interim | 0.00 | 18-01-2023 | 07-02-2023 | 07-02-2023 |
Zensar Tech |
Interim | 0.00 | 30-12-2022 | 03-02-2023 | 03-02-2023 |
Vaibhav Global |
Interim | 0.00 | 11-01-2023 | 03-02-2023 | 03-02-2023 |
ISL |
Interim | 0.00 | 17-01-2023 | 03-02-2023 | 03-02-2023 |
Accelya |
Interim | 0.00 | 11-01-2023 | 02-02-2023 | 02-02-2023 |
Taneja Aerospac |
Interim | 0.00 | 18-01-2023 | 02-02-2023 | 02-02-2023 |
Mastek |
Interim | 140.00 | 17-01-2023 | 01-02-2023 | 01-02-2023 |
SHAREINDIA |
Interim | 0.00 | 13-01-2023 | 01-02-2023 | 01-02-2023 |
Thangamayil |
Interim | 0.00 | 13-01-2023 | 01-02-2023 | 01-02-2023 |
DCM Shriram |
Interim | 0.00 | 10-01-2023 | 01-02-2023 | 01-02-2023 |
CCL Products |
Interim | 150.00 | 18-01-2023 | 31-01-2023 | 31-01-2023 |
RamkrishnaForge |
Interim | 0.00 | 09-01-2023 | 31-01-2023 | 31-01-2023 |
Wendt |
Interim | 300.00 | 18-01-2023 | 31-01-2023 | 31-01-2023 |
Siemens |
Final | 500.00 | 22-11-2022 | - | 30-01-2023 |
LTIMindtree |
Interim | 0.00 | 13-01-2023 | 31-01-2023 | 30-01-2023 |
IWML |
Interim | 0.00 | 11-01-2023 | 30-01-2023 | 30-01-2023 |
Banaras Beads |
Interim | 20.00 | 05-01-2023 | 30-01-2023 | 30-01-2023 |
Hind Zinc |
Interim | 0.00 | 16-01-2023 | 30-01-2023 | 27-01-2023 |
Surya Roshni |
Interim | 30.00 | 10-01-2023 | 27-01-2023 | 27-01-2023 |
Metro Brands |
Interim | 50.00 | 17-01-2023 | 28-01-2023 | 27-01-2023 |
PowerGrid InvIT |
Interim | 0.00 | 16-01-2023 | 30-01-2023 | 27-01-2023 |
Havells India |
Interim | 0.00 | 06-01-2023 | 28-01-2023 | 25-01-2023 |
Persistent |
Interim | 280.00 | 11-01-2023 | 27-01-2023 | 25-01-2023 |
NALCO |
Interim | 20.00 | 11-01-2023 | 27-01-2023 | 25-01-2023 |
Wipro |
Interim | 50.00 | 13-01-2023 | 25-01-2023 | 24-01-2023 |
Angel One |
Interim | 96.00 | 02-01-2023 | 24-01-2023 | 24-01-2023 |
Gothi Plascon |
Interim | 20.00 | 05-01-2023 | 24-01-2023 | 24-01-2023 |
Shradha Infra |
Interim | 20.00 | 10-01-2023 | 21-01-2023 | 20-01-2023 |
HCL Tech |
Interim | 500.00 | 16-12-2022 | 20-01-2023 | 19-01-2023 |
TCS |
Special | 6700.00 | 09-01-2023 | 17-01-2023 | 16-01-2023 |
TCS |
Interim | 800.00 | 30-12-2022 | 17-01-2023 | 16-01-2023 |
Welspun Enter |
Special | 75.00 | 30-12-2022 | 11-01-2023 | 11-01-2023 |
Shriram Finance |
Interim | 150.00 | 15-12-2022 | 04-01-2023 | 03-01-2023 |
Sarthak Metals |
Interim | 10.00 | 20-12-2022 | 30-12-2022 | 30-12-2022 |
Advani Hotels |
Interim | 100.00 | 16-12-2022 | 29-12-2022 | 29-12-2022 |
Sukhjit Starch |
Interim | 80.00 | 05-12-2022 | 15-12-2022 | 15-12-2022 |
Rashtriya Chem |
Interim | 16.00 | 29-11-2022 | 16-12-2022 | 15-12-2022 |
Rashtriya Chem |
Final | 25.00 | 27-05-2022 | 16-12-2022 | 15-12-2022 |
Tembo Global |
Final | 12.00 | 26-11-2022 | 13-12-2022 | 13-12-2022 |
Can Fin Homes |
Interim | 75.00 | 28-11-2022 | 09-12-2022 | 08-12-2022 |
APTUS VALUE |
Interim | 100.00 | 28-11-2022 | 09-12-2022 | 08-12-2022 |
Hinduja Global |
Interim | 50.00 | 14-11-2022 | 08-12-2022 | 07-12-2022 |
Panchsheel Org |
Interim | 8.00 | 14-11-2022 | 05-12-2022 | 05-12-2022 |
Som Distillerie |
Interim | 5.00 | 18-11-2022 | 02-12-2022 | 02-12-2022 |
Vedanta |
Interim | 0.00 | 17-11-2022 | 30-11-2022 | 29-11-2022 |
Family Care Hos |
Interim | 0.50 | 14-11-2022 | 28-11-2022 | 28-11-2022 |
Golechha Global |
Interim | 10.00 | 14-11-2022 | 25-11-2022 | 25-11-2022 |
Nile |
Interim | 20.00 | 11-11-2022 | 25-11-2022 | 25-11-2022 |
Premco Global |
Interim | 0.00 | 02-11-2022 | 25-11-2022 | 25-11-2022 |
Manaksia |
Interim | 0.00 | 03-11-2022 | 25-11-2022 | 25-11-2022 |
Ipca Labs |
Interim | 0.00 | 02-11-2022 | 23-11-2022 | 22-11-2022 |
Praveg Commu |
Final | 40.00 | 24-05-2022 | 21-11-2022 | 21-11-2022 |
Tide Water Oil |
Interim | 0.00 | 01-11-2022 | 22-11-2022 | 21-11-2022 |
Bella Casa |
Interim | 0.00 | 04-11-2022 | 21-11-2022 | 21-11-2022 |
Balkrishna Ind |
Interim | 0.00 | 07-11-2022 | 22-11-2022 | 21-11-2022 |
Mazagon Dock |
Interim | 0.00 | 01-11-2022 | 22-11-2022 | 21-11-2022 |
PPAP Automotive |
Interim | 0.00 | 07-11-2022 | 18-11-2022 | 18-11-2022 |
Astral Ltd |
Interim | 0.00 | 01-11-2022 | 21-11-2022 | 18-11-2022 |
Emami |
Interim | 0.00 | 18-10-2022 | 21-11-2022 | 18-11-2022 |
Hindustan Aeron |
Interim | 0.00 | 04-11-2022 | 21-11-2022 | 18-11-2022 |
La Opala RG |
Interim | 0.00 | 04-11-2022 | 21-11-2022 | 18-11-2022 |
Indag Rubber |
Interim | 45.00 | 07-11-2022 | 18-11-2022 | 18-11-2022 |
Maan Aluminium |
Interim | 10.00 | 31-10-2022 | 18-11-2022 | 18-11-2022 |
Info Edge |
Interim | 0.00 | 02-11-2022 | 21-11-2022 | 18-11-2022 |
Mindspace REIT |
Interest | 0.00 | 04-11-2022 | 21-11-2022 | 18-11-2022 |
Data Infra |
ROC | 0.00 | 07-11-2022 | 21-11-2022 | 18-11-2022 |
Data Infra RE |
ROC | 0.00 | 07-11-2022 | 21-11-2022 | 18-11-2022 |
Gabriel India |
Interim | 0.00 | 01-11-2022 | 18-11-2022 | 17-11-2022 |
MRF |
Interim | 0.00 | 27-10-2022 | 18-11-2022 | 17-11-2022 |
Oriental Carbon |
Interim | 70.00 | 07-11-2022 | 18-11-2022 | 17-11-2022 |
IRFC |
Interim | 0.00 | 31-10-2022 | 18-11-2022 | 17-11-2022 |
Quess Corp |
Interim | 0.00 | 02-11-2022 | 18-11-2022 | 17-11-2022 |
G R Infra |
Interim | 0.00 | 01-11-2022 | 18-11-2022 | 17-11-2022 |
Page Industries |
Interim | 0.00 | 17-10-2022 | 18-11-2022 | 17-11-2022 |
Vidhi Spec |
Interim | 0.00 | 04-11-2022 | 19-11-2022 | 17-11-2022 |
PDS |
Interim | 125.00 | 07-11-2022 | 18-11-2022 | 17-11-2022 |
RITES |
Interim | 0.00 | 03-11-2022 | 18-11-2022 | 17-11-2022 |
Bhagiradh Chem |
Interim | 10.00 | 01-11-2022 | 17-11-2022 | 16-11-2022 |
QGO Finance Lim |
Interim | 1.00 | 01-11-2022 | 16-11-2022 | 16-11-2022 |
CAMS |
Interim | 85.00 | 04-11-2022 | 17-11-2022 | 16-11-2022 |
Aegis Logistics |
Interim | 0.00 | 01-11-2022 | 16-11-2022 | 15-11-2022 |
Procter&Gamble |
Final | 115.00 | 29-08-2022 | - | 15-11-2022 |
Amara Raja Batt |
Interim | 290.00 | 03-11-2022 | 16-11-2022 | 15-11-2022 |
Coal India |
Interim | 150.00 | 04-11-2022 | 16-11-2022 | 15-11-2022 |
IndiGrid InvIT |
ROC | 0.00 | 03-11-2022 | 16-11-2022 | 15-11-2022 |
Gloster |
Interim | 500.00 | 31-10-2022 | 16-11-2022 | 15-11-2022 |
Brookfield REIT |
ROC | 0.00 | 03-11-2022 | 16-11-2022 | 15-11-2022 |
Jamna Auto |
Interim | 80.00 | 02-11-2022 | 15-11-2022 | 14-11-2022 |
Amrutanjan Heal |
Interim | 100.00 | 27-10-2022 | 15-11-2022 | 14-11-2022 |
SMC Global Secu |
Interim | 60.00 | 01-11-2022 | 15-11-2022 | 14-11-2022 |
EPL |
Interim | 107.50 | 28-10-2022 | 15-11-2022 | 14-11-2022 |
Power Grid Corp |
Interim | 50.00 | 27-10-2022 | 15-11-2022 | 14-11-2022 |
PowerGrid InvIT |
Interest | 0.00 | 01-11-2022 | 15-11-2022 | 14-11-2022 |
Ajanta Pharma |
Interim | 350.00 | 02-11-2022 | 14-11-2022 | 11-11-2022 |
GMM Pfaudler |
Interim | 50.00 | 21-10-2022 | 14-11-2022 | 11-11-2022 |
Siyaram Silk |
Interim | 200.00 | 28-10-2022 | 14-11-2022 | 11-11-2022 |
Nicco Parks |
Interim | 40.00 | 21-10-2022 | 14-11-2022 | 11-11-2022 |
Dalmia Bharat |
Interim | 200.00 | 21-10-2022 | 11-11-2022 | 10-11-2022 |
What is Dividend?
When a company declares its earned profits in its quarterly results, it may pass on a share of its earnings to shareholders. Shares are proportional to the number of shares owned by the individual. This is known as a dividend. A company pays dividends to make the shares attractive to investors and to retain them.
Net profit remains after deducting operating expenses, interest and taxes from the profit earned by any company. In this way the company can distribute Dividend or Dividend to its shareholders out of the profit which is left after deducting all the expenses.
How are Dividends given?
Dividend is given to the shareholders on the basis of the shares held by them. The amount of Dividend is declared per share, whoever has the number of shares will get the dividend.
Suppose SBI Bank announced a dividend of ₹ 1 per share. If you have a total of 1,000 shares in SBI Bank, then you will get a total dividend of ₹ 1 × 1,000 = ₹ 1,000.
Why Company Pay Dividend?
You have learned the dividend meaning above, now it comes to why a company gives dividend?
If a company makes a net profit in a financial year (F/Y), then the company can distribute dividend to its shareholders. If the company has to pay dividend, then the company announces it in its AGM.
If the company's business is established properly and they do not need additional money for further business expansion, then the management can distribute dividend out of the profit to the shareholders.
To give or not to give Dividend is entirely a decision of the management. If they want, even after making profit, they can use that money for some other purpose by not paying dividend.
Can loss making company pay dividend?
In most cases, the profit making companies pay the dividend. If a company has incurred losses in a financial year, although they have substantial cash reserves, then the company can pay dividend from its cash reserves.
How is Dividend Income Calculated?
A dividend is calculated by using the dividend payout ratio, wherein, the annual dividend per share is divided by earnings per share. The said ratio can be expressed as –
Dividend Payout Ratio = Dividends paid / Reported net income
Notably, the dividend payout ratio is 0% for those companies that do not offer dividends to their shareholders. Similarly, companies that pay out the total net income as dividends have a 0 dividend payout ratio.
Similarly, the retention ratio can be computed by dividing the dividend paid per share by earnings per share. The same can be expressed as –
Retention Ratio = Dividend per share / Earnings per share
With the help of the dividend payout ratio, one can conveniently find out the amount of money a company is offering to its shareholders. Further, the ratio comes in handy to calculate the amount that is reinvested for expanding and improving a company’s operations, paying off existing debt, or building a cash reserve.
It also proves useful in assessing a company’s sustainability. For instance, a company with a payout ratio that is more than 100% signifies that it is paying off more than what shareholders are earning. Eventually, such a practice would force a company to either reduce its offering or stop it altogether. On the other hand, a company with a steady dividend payout ratio indicates a robust financial standing.
How a Dividend works?
Dividend process (summary) –
Conversely, business owners may decide to reinvest the excess earnings into their business to expand their operations or overall productivity. Subsequently, it must be noted that both retaining and paying off dividends tend to influence the financial model of a business venture.
Financial Statement |
Impact |
Balance Sheet |
When paid out, it reduces aggregate cash and retained earnings. |
Cash Flow Statement |
It is reported as a use of cash under the financing activities section. |
Statement of Retained Earnings |
Here, it is reported as a decrease in retained earnings. |
Income Statement |
No impact. |
When are stock dividends paid out?
Below are some important dates that need to be noted:
1. Declaration Date: This is the date on which the company declares the dividend. This includes the dividend amount, ex-dividend date and payment date.
2. Record Date: This is the date by which the company must record the investor. Only shareholders on record are entitled to dividend payments. To be eligible to be added to the company's books, the stock must be purchased at least two days prior to the record date.
3. Prior Date: This is usually before the record date. If you buy the shares on or after the earlier date, you are not eligible to receive the dividend. It is up to the Indian stock exchanges to set this pre-date.
4. Payment Date: This is usually one month before the record date. The declared stock dividend is paid on the payment date.
Types of Dividend
The company can reward its shareholders by giving dividend in many ways. like -
But out of all these methods, cash dividend is the most popular and most of the companies distribute dividend only through cash dividend. A company can distribute cash dividend in two ways –
1. Interim Dividend: If a company declares dividend during a financial year before the release of its final financial statements, then it is called Interim Dividend.
Interim Dividend is given out of the company's retained profit or cash reserve.
2. Final Dividend: Final Dividend is the dividend declared by a company after the release of the final financial statements of the financial year.
In this, the company has to compulsorily put some part of its profit in surplus.
How do you get Dividend?
Many new investors get confused that dividends come in the balance of their trading account.
Dividend is always credited to the bank account linked to your demat account. If your demat account is in X and your demat account is linked with Y Bank then you will get dividend in your Y bank account.
What is the effect of dividend on share price?
This is done so that no one can take the wrong advantage of declaring dividend. The price is reduced on the ex-dividend date because even if someone buys shares from this date, he does not get the dividend.
What is Dividend per Share?
DPS shows how much dividend the company has promised to pay per share.
DPS = Total Dividend Total Number of Shares
What is Cum Dividend and Ex. Dividend?
If an investor buys shares before ex. dividend date, then he is entitled to receive the dividend, this is called Cum Dividend.
The investor who buys shares on or after the ex. dividend date, then he does not have the right to receive dividend, it is called Ex. Dividend says.
Dividend Payout Ratio vs Dividend Yields
A dividend payout ratio tends to indicate the portion of a company’s net earnings that are offered as dividend income. Similarly, a company’s dividend yield highlights the rate of returns that were made available to the shareholders in the form of cash dividends.
Regardless, dividend payout is regarded to be a more useful indicator of a company’s ability to allocate dividends among its shareholders sustainably. Also, it is largely associated with a business venture’s cash flow and further highlights the amount it has paid as dividends in a year. Notably, even the slightest increase in share prices tends to lower the rate of dividend yield significantly.
Consequently, the dividend yield is calculated using the given formula.
Dividend Yield = Annual dividends per share / Dividends per share
Dividend Stocks
Dividend stocks can be defined as those publicly-listed companies which offer regular dividends to their shareholders. Such companies are mostly well-established and tend to possess a fair record of allocating earnings to their shareholders.
Things to consider for choosing a profitable dividend stock –
1). The company stock should at least have a dividend payout ratio of 50%.
2). Overall dividend yield should be between 3% and 6%.
3). The company should have a fair track record when it comes to offering dividends and paying off debts.
Keeping these points in mind, along with other financial parameters, will help gauge a company’s profitability and financial standing effectively.
Check out stocks offering high dividend yields.
Company Name |
Last Price |
Latest Div% |
Dividend Yield % at these Prices |
||
52 high |
52 Low |
Current |
|||
Vardhman Acryli |
51.80 |
250.00 |
29.90 |
57.67 |
48.26 |
INEOS Styro |
851.35 |
2,970.00 |
15.79 |
42.06 |
34.89 |
Hinduja Global |
1,275.40 |
2,200.00 |
11.22 |
26.00 |
17.25 |
IOC |
66.30 |
114.00 |
12.09 |
17.48 |
17.19 |
REC |
91.90 |
153.00 |
12.08 |
18.60 |
16.65 |
Vedanta |
287.85 |
4,500.00 |
10.21 |
21.84 |
15.63 |
Indian Card |
205.55 |
250.00 |
7.53 |
14.93 |
12.16 |
Power Finance |
102.05 |
120.00 |
7.80 |
12.36 |
11.76 |
GAIL |
85.10 |
100.00 |
8.65 |
12.05 |
11.75 |
SAIL |
77.90 |
87.50 |
6.64 |
13.76 |
11.23 |
NMDC |
132.35 |
1,474.00 |
8.41 |
14.80 |
11.14 |
Banco Products |
181.10 |
1,000.00 |
7.41 |
16.93 |
11.04 |
Goodyear |
1,015.85 |
1,000.00 |
8.30 |
12.77 |
9.84 |
HUDCO |
36.05 |
35.00 |
7.49 |
11.44 |
9.71 |
ALLSEC Tech |
465.80 |
450.00 |
6.02 |
10.71 |
9.66 |
NALCO |
70.00 |
130.00 |
4.90 |
9.71 |
9.29 |
Savita Oil Tech |
290.15 |
250.00 |
6.06 |
13.41 |
8.62 |
Sanofi India |
5,743.70 |
4,900.00 |
5.80 |
8.55 |
8.53 |
ONGC |
127.60 |
210.00 |
5.39 |
8.76 |
8.23 |
PNB Gilts |
60.80 |
50.00 |
6.46 |
8.71 |
8.22 |
PDS |
305.20 |
238.50 |
5.84 |
9.54 |
7.81 |
Oil India |
186.35 |
142.50 |
4.66 |
8.49 |
7.65 |
Renaissance |
111.45 |
85.00 |
3.90 |
7.87 |
7.63 |
Coal India |
236.35 |
170.00 |
7.07 |
12.22 |
7.19 |
Lastly, it can be said that potential investors who wish to invest in high-dividend yielding stocks must become familiar with the concept of dividends beforehand. Successively, they should take into account the various factors and associated financial parameters for gauging the scope of generating profits by investing in such stocks. Make sure to check the dividend stock list for different shares before finalizing investment.
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