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Dividend Paying Stocks in February 2023

06 February 20236 mins read by Angel One
As the current Fiscal comes to a conclusion, investors eagerly wait for dividend announcements. Check out the list of upcoming dividend stocks.
Dividend Paying Stocks in February 2023
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

Dividends are rewards paid by companies to shareholders for investing in them. So, it helps bolster your earnings by creating a stream of income. Because of it, companies which pay regular dividends enjoy high demand.

Dividend stocks are great for diversification and adding stability to your portfolio. But before we list the upcoming dividend stocks, let’s refresh our memories on ‘what are dividends?’ for everybody’s benefit.

What are dividends?

In financial terms, dividends are rewards, cash or any other form that a company pays its shareholders. Dividends are the distribution of profit. 

When a company is earning profit or surplus, it pays a portion to investors. The remaining amount gets re-invested to fund future growth. 

Dividends are paid more commonly by big companies which can’t re-invest all their profits into the business. So, they distribute a portion among investors as a reward for holding their stocks.  

Dividend yield shows how much a company is paying as a dividend relative to the price per share. You can calculate which company is paying higher dividends with the dividend yield formula.  

Companies pay dividends on preferred and common stocks. However, unlike preferred shares, the dividend payment is not assured for common stocks.

The amount depends on the number of shares and not on the value of your holding. Because of it, dividend yield fluctuates based on the stock’s current market price.

Companies can pay dividends in cash or stocks or ‘scrip dividend’, quoted per-share basis or as a percentage. 

For instance, if a company announces 5% or 0.05 per share dividends, investors will receive one share for every twenty shares they hold.

Dividend stocks in February 2023

Following are the upcoming dividend stocks.

Company Name Type of dividend % Record date Ex-dividend 
KPIGREEN Interim 2.00 20-02-2023 20-02-2023
Wheels Interim  30.00 14-02-2023 14-02-2023
PCBL Interim  550.00 10-02-2023 10-02-2023
Jubilant Ing Interim  250 10-02-2023 10-02-2023
Orient Cement Interim  50.00 10-02-2023 10-02-2023
GPT Infra Interim  10.00 10-02-2023 10-02-2023
Valiant Organic Interim  10 10-02-2023 10-02-2023
NACL Industries Interim  15.00 10-02-2023 10-02-2023
Bharat Electronics Interim  60.00 10-02-2023 10-02-2023
Cholamandalam Investment Interim  65.00 10-02-2023 10-02-2023
Carborundum  Interim  150.00 10-02-2023 10-02-2023
GE Shipping Interim  72.00 10-02-2023 10-02-2023
CARE Ratings  Interim  100.00 10-02-2023 10-02-2023
KPIT Technologies Interim  14.50 10-02-2023 10-02-2023
Greenpanel Industries Interim  150.00 09-02-2023 09-02-2023
Orient Electric  Interim  75.00 09-02-2023 09-02-2023
REC Interim  32.00 09-02-2023 09-02-2023
QGO Finance Ltd Interim  1.00 09-02-2023 09-02-2023
Ind Motor Parts  Interim  90.00 09-02-2023 09-02-2023
HIL  Interim  200.00 08-02-2023 08-02-2023
Kajaria Ceramic Interim  600.00 08-02-2023 08-02-2023
P and G Interim  800.00
Aarti Drugs  Interim  10:00 08-02-2023 08-02-2023
Sun Pharma Interim  750.00 08-02-2023 08-02-2023
Shanthi Gears Interim  300:00 08-02-2023 08-02-2023
Coal India Interim  50.00 08-02-2023 08-02-2023
MOIL Interim  30:00 08-02-2023 08-02-2023
Power Grid Corp Interim  50.00 08-02-2023 08-02-2023
Railtel Interim  15.00 08-02-2023 08-02-2023
Radiant Cash Interim  100.00 08-02-2023 08-02-2023
TCI Express Interim  150.00 08-02-2023 08-02-2023
Anupam Rasayan Interim  6.00 08-02-2023 08-02-2023
Sharda Crop Interim  30.00 07-02-2023 07-02-2023
SRF Interim  36.00 07-02-2023 07-02-2023
Route  Interim  60.00 07-02-2023 07-02-2023
K P Energy Interim  2.50 07-02-2023 07-02-2023
Kirloskar Pneumatic Interim  125.00 07-02-2023 07-02-2023
IIFL  Interim  200.00 07-02-2023 07-02-2023
Apcotex Industries Ltd Interim  100.00 07-02-2023 07-02-2023
Transport Corp Interim  125.00 07-02-2023 07-02-2023
Sona BLW Interim  12.00 06-02-2023 06-02-2023
Siyaram Silk Interim  150.00 06-02-2023 06-02-2023
Container Corp Interim  80.00 06-02-2023 06-02-2023
Torrent Pharma Interim  280.00 03-02-2023 03-02-2023
Zensar Tech Interim  75.00 03-02-2023 03-02-2023
COFORGE Ltd Interim  190.00 03-02-2023 03-02-2023
Sundaram-Clayton Interim  1180.00 03-02-2023 03-02-2023
Steelcast Interim  36.00 03-02-2023 03-02-2023
Motilal Oswal Interim  700.00 03-02-2023 03-02-2023
KEI Industries Interim  150.00 03-02-2023 03-02-2023
Vaibhav Global Interim  75.00 03-02-2023 03-02-2023
NTPC Interim  42.50 03-02-2023 03-02-2023
Vedanta  Interim  1250.00 03-02-2023 03-02-2023
Control Print Interim  40.00 03-02-2023 03-02-2023
ISL Interim  150.00 03-02-2023 03-02-2023
TVS Motor Interim  500.00 02-02-2023 02-02-2023
VIP Industries  Interim  100.00 02-02-2023 02-02-2023
Accelya Interim  350.00 02-02-2023 02-02-2023
Saregama India Interim  300.00 02-02-2023 02-02-2023
Taneja Aerospace  Interim  40.00 02-02-2023 02-02-2023
ACGL Interim  25.00 01-02-2023 01-02-2023
Meghmani Fintech Interim  25.00 01-02-2023 01-02-2023
Mestek Interim  140.00 01-02-2023 01-02-2023
Thangamayil Interim  60.00 01-02-2023 01-02-2023
DCM Shriram Interim  290.00 01-02-2023 01-02-2023

Tax on dividend 

Until the assessment year 2020-21, the domestic companies paying dividends were liable to pay Dividend Distribution Tax (DDT) under section 115-O. Investors used to receive the dividend after the DDT was deducted at the source. However, the government eliminated DDT after March 31, 2021. For all dividends issued after April 04, 2021, dividends have become taxable in the shareholders’ hands. The interim dividend is chargeable in the hands of shareholders on a receipt basis. 

Final words 

Did you find the article on upcoming dividend stocks helpful? Dividend calculation doesn’t get impacted by the stocks’ market price, and some companies may pay dividends even when the share price is declining. We recommend that you research the suitability of these stocks in your overall investment style before buying, and to store them, open a Demat account

 

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