Dividends are always the golden news investors love to hear. Many investors search for stocks that give out regular dividends, and hence the stocks of such companies are more in demand. While most of the earnings made by the company get re-invested in the company, these dividends act as a reward to the investors for investing in the company and believing in the company’s potential. Realising the importance of dividends for many investors, this article has a list of stocks that are giving dividends in the near future.
Before these names though, here are a few important things for your knowledge
- Dividends are based on the face value of the shares and not the market prices of the shares.
- Dividend Yield tells us how much the company is paying as a dividend in relation to its stock prices. A Dividend Yield of 2-4% is considered a good measure, above this, is considered great but also risky, hence and investors should be careful.
- Dividends are of many types, the most common is Cash Dividends. A cash dividend can be issued at the end of the year or in mid-year which is known as an interim dividend.
- The Announcement Date is the date on which the Board of Directors declared the dividend for the year or the period in case of an interim dividend.
- The Record Date is the date on which the company identifies the shareholders of the company for the dividend distribution. In simple words, to be eligible for a dividend, an investor must be a shareholder of the company on this date.
- The Ex-Record Date is the date before which if the stock is sold, then the investor becomes ineligible for the dividend declared.
Upcoming Dividend Stocks
Below is a list of the stocks that are going to issue dividends, see if any of your stocks are there in the list
| Company | Record Date | Ex-Dividend Date |
|---|---|---|
| SANOFI INDIA | Apr 29, 2023 | Apr 28, 2023 |
| CRISIL | Apr 1 2023 | Mar 31, 2023 |
| SBI LIFE INSURANCE | Mar 16, 2023 | Mar 16, 2023 |
| ALLCARGO LOGISTIC | Mar 15, 2023 | Mar 15, 2023 |
| KSB Limited | April 28, 2023 | April 28, 2023 |
| ABB India | April 27, 2023 | April 27, 2023 |
Let us take a look at more details about these companies and their dividend announcements –
1. Sanofi India
Sanofi India is engaged in the business of trading and manufacturing of pharmaceuticals. The company has manufacturing facilities in Goa and Ankeleshwar. The company sells its products through independent distributors mainly situated in India.
The company on Feb 23, 2023, announced its dividend of 1830% making it Rs. 183 per share. The record date and Ex-Record Date of the issue are fixed as April 29, 2023, and April 28, 2023, respectively. The current share price of the company is Rs. 5758 (approximate), resulting in a dividend yield of 3.17% for this particular issue. The company has been consistently declaring results
2. CRISIL
CRISIL is a globally recognised company that provides ratings and research services. They have been among the most trusted research services provided to many of the world’s largest and leading banks and corporations. They provide analysis and solutions for a better market understanding.
The company on February 17, 2023, announced its 2300% dividend, which is Rs. 23 per share. The record date and Ex-record Date of this issue are April 1, 2023, and March 31, 2023, respectively. The current share price of the stock is around Rs. 3309, which makes the dividend yield 0.69%.
3. SBI Life Insurance
SBI Life Insurance is the business of life insurance and annuity, as is also clear by the name itself. The company has various kinds of insurance including life insurance, the group leave encashment, unit-linked insurance products, group superannuation, immediate annuity, level term and critical illness. 2
On 2nd March 2023, the company announced its dividend with the record and ex-record dates fixed as March 16, 2023. The dividend announced by them is an interim dividend. The company has announced a dividend of 20% for the year ending March 2022, amounting to Rs. 2 per share, making it a 0.18% dividend yield.
4. Allcargo Logistics
Allcargo Logistics is a multinational company engaged in integrated logistics and services across multimodal transport, contract logistics and project and engineering solutions. The company is also into freight station operations and inland container depots.
Dividend announced on 1st March 2023, the company came up with its interim dividend of Rs. 3.25 per equity share. The record date and ex-record date of the issue is March 15, 2023. The company has another interim dividend announced amounting Rs. 3 per share the record and ex-record dates for this issue are March 25, 2023, and March 24, 2023, respectively. The dividend yield for the year of the company is 0.79%.
5. KSB Limited
Formerly known as KSB Pumps Limited, the company is the manufacturer and seller of pumps, spares and valves in India. They are currently engaged in the business of production of different types of power-driven pumps and industrial valves.
The company declared a dividend of Rs. 15 per share on February 23, 2023. The record date and ex-record dates of the issue are 28th April 2023. For the year ending, a total of 150% of the dividend has been announced by the company. The current share price is Rs. 2083 which makes the dividend yield 0.72%.
6. ABB India
ABB India is engaged in engineering, solutions and services for its customers in Automation and Power technology. They also have an extensive base for manufacturing and a wide marketing base. The company has a significant role in the global market.
The company declared its dividend on 10th February 2023 of Rs. 5.5 per share. ABB India has declared a total of 275% dividend for the year ending March 2022, making it a dividend yield of 0.16%. The company also has a good past record of dividends, especially in the previous 5 years.
Also Check: Highest Dividend Paying Stocks in India
Final Thoughts
The above article mentioned the companies whose dividends have been recently announced and will be distributed in the coming days. Dividends are sure a bonus and reward for any investor, but should not be the only parameter and criterion for judgment of the company.
A company that is in its early days of business may not be as consistent in dividend distribution as its peer or may not do so at all, since it may require more investment in its growth and research work. On the other hand, a company giving out too many dividends may also not be a good sign, since it may indicate that the company is not investing further in its operations for growth and expansion or a new idea generation, which can halt the growth of the company in the future. Hence, an investor must make a decision covering all the important aspects before investing.
