Why are the companies announcing dividends right now?
Dividends are usually paid out to shareholders when the company reports its earnings at the end of a quarter, half year or financial year. October is a period when many companies release their earnings for the preceding quarter and half year ending on 30th September 2022 (since the financial year starts on 1st April). Dividends are therefore paid out in quick succession.
Lately, many companies have started declaring their record dates – i.e. the date when they make their dividend payouts. Therefore, a lot of stocks will soon be trading ex-dividend i.e. their value will not be determined by the next dividend that they are going to provide.
Let us take a look at some of the stocks that are about to pay out their dividends soon.
|Angel One||21st October 2022|
|ICICI Lombard||28th October 2022|
|ICICI Securities||1st November 2022|
|Asian Paints||1st November 2022|
21st October 2022 has been announced as the record date for dividend payment by the board of directors of Angel One – the stock will trade ex-dividend on 20th October 2022. However, the amount has not been announced yet.
Angel one is an online trading platform – its share is currently trading at ₹1460.65. On 21st July 2022, they paid out an interim dividend of ₹7.65/share.
The amount of interim dividend is yet to be announced by ICICI Lombard. However, the record date is set at 28th October 2022 which means that the stock will trade ex-dividend on 27th October 2022.
ICICI Lombard is a general insurance company – its share is currently trading at ₹1140.15. On 28th July 2022, it paid out a final dividend of ₹5/share (its dividend payouts have steadily been increasing).
ICICI Securities will be holding their Board meeting on 20th October 2022 and the record date for dividends, if declared, will be 1st November 2022 – which makes 31st October 2022 the day the shares will be traded ex-dividend.
ICICI Securities is a capital market company – its share is currently valued at ₹513.05. Its previous dividends were paid as final dividend on 18th August 2022 at ₹12.75/share.
The Board of Asian Paints will be meeting on 20th October 2022 and the dividends, if declared, will be paid on the record date of 1st November 2022 – 31st october being the day the shares are traded ex-dividend.
Asian Paints is a chemical company whose share is currently being traded at ₹3321.20. On 9th June, 2022, it paid out a final dividend of ₹15.5 per share.
The directors have already announced a dividend of ₹0.5/share to be paid out on 21st October 2022 which makes 20th October 2022 the date its stock is traded ex-dividend.
Jai corp is a company that is focused on manufacturing processes such as spinning yarn, plastic and steel. Its share is currently being traded at ₹191.45.
Dividend season is on and this may be your chance to earn a quick buck from the lump sum returns being announced. Try opening a demat account today to get your share of it.
Disclaimer: This blog is exclusively for educational purposes. The securities quoted here are only exemplary and not recommendatory.