Dividend stocks are always in high demand because they allow investors to earn regular incomes on their investments. Dividends are cash rewards paid by the company to investors from the profit earned. Dividend-paying companies usually are fundamentally strong and financially stable. Hence, adding these stocks to your portfolio bolsters your income and improves risk-adjusted returns. Here is a list of upcoming dividend stocks you can add to your portfolio.
But before you begin our discussion, here is a recapitulation of ‘what are dividends?’
What are dividend-paying stocks?
Dividends represent a distribution of corporate profit to shareholders based on their stakes in the company. However, companies don’t need to pay dividends. Usually, it is rewarded from the company’s profit after meeting necessary expenses. Dividends can be distributed as cash, cash equivalents, or shares. Sometimes, companies will retain dividend payments to reinvest and accelerate growth.
Impact of dividends on share price?
Paying dividends to shareholders doesn’t change the overall value of the company. But it lowers the overall equity value of the company by the exact amount the dividend is paid. It is because once paid, the dividend is permanently debited from the company’s account book and is irreversible.
However, when a company declares a dividend, its stock price changes significantly. The demand for the company’s stocks increases as investors try to qualify for the dividend. Hence, it offers both capital appreciation and additional income to investors.
List of upcoming dividend paying stocks in December 2022
Now that we have understood dividend stocks let’s see the list of upcoming dividend stocks.
|Sl no||Company name||Dividend type||Dividend %||Ex-date|
|1||Rashtriya Chemicals and Fertilisers Ltd||Interim||16.00||15-12-2022|
|2||Can Fin Homes||Interim||75.00||08-12-2022|
Rashtriya Chemicals and Fertilisers Ltd.
The company’s board has announced an interim dividend of ₹1.60 for the 2022-23 financial year. They have fixed December 16, 2022, as the record date for considering the eligibility of shareholders for receiving dividends.
RCF is a PSU chemical and fertiliser-producing company. For the year ended on March 31, 2022, the company declared an equity dividend of 38.50% or ₹3.85 per share.
Market cap: ₹6,631
PE ratio (TTM): 7.07
EPS (TTM): 17.01
Can Fin Homes
The housing finance company has fixed the record date on December 9, 2022, to decide the eligibility of shareholders to receive an interim dividend for FY 2022-23. The company’s net profit rose 14.6% in Q2 of FY 23 from Q2 of FY22.
Market cap: ₹7.308
PE ratio (TTM): 13.47
EPS (TTM): 40.74
The company’s board has fixed December 9, 2022, as the record date for deciding the eligibility of shareholders for dividends. Aptus Value will pay a dividend of ₹2.00 on shares with a face value of ₹2.
Aptus Value provides housing finance to self-employed individuals from low- and middle-income families in semi-urban and rural areas.
Market cap: ₹15,540
PE ratio (TTM): 34.26
EPS (TTM): 9.11
The company has mentioned a second interim dividend of ₹5.00 per equity share or 50%of the face value of ₹10.00. The board has fixed December 8, 2022, as the record date for concluding the eligibility of the shareholders. The dividend will get credited to the shareholders’ accounts within 30 days from the date of declaration.
The company is into business process management, offering localised solutions to take customer interaction and satisfaction to a higher level through decades of expertise and deep domain knowledge.
Market cap: ₹5,560
PE ratio (TTM): 1.15
EPS (TTM): -254.60
The shares of Panchsheel Organics will trade ex-dividend on December 5, 2022. The company has decided to pay an interim dividend of ₹0.80 per share on shares having a face value of ₹10 for FY23.
Panchsheel Organics manufactures and exports Active Pharma Ingredients (APIs) and Intermediate and Finish formulations.
Market cap: ₹328
PE ratio (TTM): 23.44
EPS (TTM): 11.88
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