- Date : 09/03/2023
- Read: 4 mins
A look at five dividend-declaring companies that will distribute dividends in February-March 2023
If you want to earn some money through dividend income, you should always monitor the dividends declared by companies from time to time. After releasing their Q3 earnings, many companies have declared dividends which will be recorded and paid in the coming days. Here are some of the companies with high dividend percentages i.e., upcoming dividend stocks 2023.
Also Read: Interim dividend vs final dividend: Here’s a comparative analysis of two forms of cash dividend
- Hero Motocorp – Indian two-wheeler giant Hero Motocorp is one of the significant dividend yield stocks in India. It has declared a dividend of Rs 65 on each of its equity shares of a Rs 2 face value. It is an interim dividend and 17 February 2023 has been fixed as the record date, which is also the ex-dividend date. The dividend payment will be completed by 9 March 2023. Hero Motocorp shares are being traded at around Rs 2,550.
In Q3, Hero Motocorp has a revenue of Rs 8,118 crores while its profit for the quarter was Rs 638 crores. The revenue in last year’s Q3 was Rs 8,013 crores and the net profit was a comparatively higher Rs 684 crores.
- Alkem Laboratories – The pharma major has declared an interim dividend of Rs 15 and a special dividend of Rs 25. The ex-date of the dividend is 17 February 2023, while 18 February is the record date. The share price is around Rs 3,300 mark presently.
Alkem’s Q3 revenue stood at Rs 3,040 crores and net profit thereon was Rs 459 crores. The earning per share for the quarter is Rs 38.03.
- Disa India – Its first interim dividend for the financial year was announced on 9 February 2023. The payout will be Rs 100 for each equity of Rs 10 face value. The shares are presently being traded at over Rs 7,700. 21 February 2023 is the record date and ex-dividend date of the declared dividend.
This engineering and industrial equipment company reported a revenue of Rs 52 crores in Q3, with a profit of Rs 2 crores.
Also Read: How dividend income is taxed
- Cummins India – Cummins is India’s number-one manufacturer of diesel and natural gas engines. It declared a dividend of Rs 12 per share while declaring its Q3 earnings. Cummins shares are being traded at Rs 1,600 while the face value of the shares is Rs 2. The record and ex-dividend date is 21 February 2023, with the interim dividend likely to be dispatched and paid between 6 and 8 March 2023.
In Q3, Cummins posted a revenue of Rs 2,185 crores while its profit for the quarter was Rs 341 crores. This is Cummins’ best performance in over a year, with a revenue hike of over 25% Year-on-Year (YoY).
- Coromandel International – The shares of the fertiliser company Coromandel are traded at around Rs 900, while the face value is Rs 1. The dividend declared by this company is Rs 6 per share. The ex-dividend date of its latest dividend is 17 February 2023, while the payment will start on 27 February 2023.
In Q3, the company reported a revenue of Rs 8,309 crores which is a 63.78% increase in revenue YoY. Its profit for the quarter was Rs 536 crores.
Also Read: What you need to know about dividend yield fund
While lapping up opportunities from the list of dividend-paying stocks, pay close attention to the ex-dividend and record dates. Also, don’t forget to ensure the outlook of the company’s share price in the days to come while choosing from the high dividend stocks in India.
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If you want to earn some money through dividend income, you should always monitor the dividends declared by companies from time to time. After releasing their Q3 earnings, many companies have declared dividends which will be recorded and paid in the coming days. Here are some of the companies with high dividend percentages i.e., upcoming dividend stocks 2023.
Also Read: Interim dividend vs final dividend: Here’s a comparative analysis of two forms of cash dividend
- Hero Motocorp – Indian two-wheeler giant Hero Motocorp is one of the significant dividend yield stocks in India. It has declared a dividend of Rs 65 on each of its equity shares of a Rs 2 face value. It is an interim dividend and 17 February 2023 has been fixed as the record date, which is also the ex-dividend date. The dividend payment will be completed by 9 March 2023. Hero Motocorp shares are being traded at around Rs 2,550.
In Q3, Hero Motocorp has a revenue of Rs 8,118 crores while its profit for the quarter was Rs 638 crores. The revenue in last year’s Q3 was Rs 8,013 crores and the net profit was a comparatively higher Rs 684 crores.
- Alkem Laboratories – The pharma major has declared an interim dividend of Rs 15 and a special dividend of Rs 25. The ex-date of the dividend is 17 February 2023, while 18 February is the record date. The share price is around Rs 3,300 mark presently.
Alkem’s Q3 revenue stood at Rs 3,040 crores and net profit thereon was Rs 459 crores. The earning per share for the quarter is Rs 38.03.
- Disa India – Its first interim dividend for the financial year was announced on 9 February 2023. The payout will be Rs 100 for each equity of Rs 10 face value. The shares are presently being traded at over Rs 7,700. 21 February 2023 is the record date and ex-dividend date of the declared dividend.
This engineering and industrial equipment company reported a revenue of Rs 52 crores in Q3, with a profit of Rs 2 crores.
Also Read: How dividend income is taxed
- Cummins India – Cummins is India’s number-one manufacturer of diesel and natural gas engines. It declared a dividend of Rs 12 per share while declaring its Q3 earnings. Cummins shares are being traded at Rs 1,600 while the face value of the shares is Rs 2. The record and ex-dividend date is 21 February 2023, with the interim dividend likely to be dispatched and paid between 6 and 8 March 2023.
In Q3, Cummins posted a revenue of Rs 2,185 crores while its profit for the quarter was Rs 341 crores. This is Cummins’ best performance in over a year, with a revenue hike of over 25% Year-on-Year (YoY).
- Coromandel International – The shares of the fertiliser company Coromandel are traded at around Rs 900, while the face value is Rs 1. The dividend declared by this company is Rs 6 per share. The ex-dividend date of its latest dividend is 17 February 2023, while the payment will start on 27 February 2023.
In Q3, the company reported a revenue of Rs 8,309 crores which is a 63.78% increase in revenue YoY. Its profit for the quarter was Rs 536 crores.
Also Read: What you need to know about dividend yield fund
While lapping up opportunities from the list of dividend-paying stocks, pay close attention to the ex-dividend and record dates. Also, don’t forget to ensure the outlook of the company’s share price in the days to come while choosing from the high dividend stocks in India.
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