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Upcoming Dividend Stocks In May 2023

18 May 20236 mins read by Angel One
Several companies have announced dividends for their investors. Here is a list of companies announcing dividend stocks in May 2023.
Upcoming Dividend Stocks In May 2023
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Several companies issue dividends regularly, which makes their stocks attractive to investors. Dividends, big or small, are always good news for investors, as they increase the value of their investment and allow them to earn income.

Dividends are a portion of the company’s profit that it distributes among its investors. Usually announced by large companies, dividends are incentives paid by corporations to investors for investing in their stocks.

Benefits of dividends 

  • Companies make their stocks attractive to investors by announcing dividends.
  • These stocks allow investors to benefit in two ways: by earning an income from the company’s dividend and through appreciation of the stock price.
  • Dividends allow investors to offset losses they might have incurred if the share price had fallen.
  • Dividends are usually given out by large companies, which are financially stable and comparatively less risky.
  • Dividend stocks help with diversification and add stability to your portfolio.

List of Upcoming Paying Stocks in May 2023

Company name Dividend type Dividend % Announcement date  Record date Ex-bonus date
Rallis India Final 250.00 April 25, 2023 NA May 30, 2023
Trent  Final 220.00 April 27, 2023 May 25, 2023 May 25, 2023
Tata Consumer Products Final 845.00 April 25, 2023 NA May 19, 2023
GM Breweries  Final 60.00 April 04, 2023 NA May 16, 2023
HDFC Bank Final 1900.00 April 17, 2023 May 16, 2023 May 16, 2023
Tata Coffee Final 300.00 April 18, 2023 NA May 15, 2023
Indiamart Intermesh Ltd. Final 200.00 April 28, 2023 May 11, 2023 May 11, 2023
Kiwal Kiran Clothing Ltd. Interim 20.00 April 27, 2023 May 11, 2023 May 11, 2023
Laurus Labs Ltd. Interim 60.00 April 27, 2023 May 10, 2023 May 10, 2023
Coforge Ltd. Interim 190.00 April 27, 2023 May 10, 2023 May 10, 2023
Oracle Financial Services Software Interim 4,500.00 April 26, 2023 May 09, 2023 May 09, 2023
Ramkrishna Forging Ltd. Interim 25.00 April 10, 2023 May 09, 2023 May 09, 2023
Castrol India Ltd. Final 70.00 February 13, 2023 May 04, 2023 May 04, 2023
CRISIL Interim 700.00 April 04, 2023 May 04, 2023 May 04, 2023
Stovec Industries Ltd. Final 470.00 February 28, 20233 NA May 02, 2023

What is Dividend yield?

The dividend yield is a financial ratio that investors use to identify high dividend-paying stocks. It expresses dividends as a percentage paid to the shareholders against the market value per share. Using the dividend yield ratio investors can compare between dividend paying stocks for the same investment amount.

Investing in dividend stocks is a tried and tested method for wealth accumulation. Besides the dividend yield ratio, keeping the following factors in mind will help you select the best dividend stocks.

Companies that announce dividends usually have a history of long-term profitability and earnings. These are stable companies with earnings growth expectations ranging from 5–15%.

The dividend-paying company must have enough cash flow to support dividend payment programs, which includes a lower debt burden. Companies with a higher debt-to-equity ratio (more than 2) might not be able to sustain their growth in the long run.

Lastly, a company can pay dividends even when its stock price decreases, but the trend might not sustain itself in the long run. While investors look into the company’s fundamentals while investing, educating yourself on broader industry trends is a smart idea. You can expect the chosen company to thrive while the economy and the particular sector are promised growth.


Dividends are a form of income from your equity investment. However, the dividend payment is not guaranteed. It depends on the company’s performance in the year or its business strategy. Moreover, a scrip dividend is when the company pays dividends via additional stocks to existing investors.
If the news of dividend payouts has piqued your interest, you can start investing in them by opening a Demat account with Angel One.

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