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Dividend Alert

  • NSE UPCOMING DIVIDEND STOCKS’ LIST

Check out the list of dividend paying stocks in the coming times.

Company Name

DPS

Dividend %

Type

Date

Announce

Ex-Div

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) –

  • The company earns a net profit or maintains a healthy cash reserve.
  • The management decides that instead of reinvesting some of the profit, it should be distributed among the shareholders.
  • Dividend is approved by the Board of Directors.
  • The company declares the dividend, in which the dividend per share, when the dividend will be paid and the record date declares.
  • In the end, the dividend is paid out to the shareholders.

 

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 -

  • Cash Dividend
  • Stock Dividend
  • Property Dividend
  • Scrip Dividend
  • Liquidating Dividend

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?

  • On April 1, SBI, which is operating at a market price of ₹100, declared a dividend of ₹5.
  • The ex-dividend date is 26 April 2021.
  • Now here the price will increase from ₹ 100 to ₹ 105 on the dividend announcement date.
  • The ex-dividend date which is 26th April 2021 will be reduced by ₹5 from the current market price of the share.
  • If the CMP is running at ₹115 then the new market price will be ₹110.

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.

 

  • NSE TOP DIVIDEND STOCKS’ LIST

 

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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