Besides capital appreciation from staying invested over a period, positional investors also earn from other sources like dividend earnings. In September 2022, several companies announced dividend payouts to investors. Here is a list of upcoming dividend stocks that will trade at the ex-dividend rate next week.
So, what are dividends?
What are dividend stocks?
A dividend refers to a company’s earnings distribution to its shareholders. The board of directors recommends and approves the dividend amount. The dividend yield is the dividend per share calculated as the share’s price percentage.
Usually, companies announce interim and final dividends. It is either paid as cash or reinvested in additional stocks.
Dividend stocks usually see high demand and liquidity. These stocks allow investors to create a source of secondary income. Dividend shows the company’s stability and ability to generate continuous profit.
Upcoming dividend stocks
Here are the five companies that have announced dividends in September 2022.
Power Finance Corporation
The board of directors has approved a dividend of Rs 2.25 per equity share. The Power Finance Corporation shares traded in NSE at Rs 119.50 per share. Follow live updates on Power Finance Corporation shares on Angel One before you buy.
The record date is decided on September 2, 2022, meaning the ex-dividend date is September 1, 2022.
To know more about the share price of Power Finance Corporation, check it on Angel One.
GIC Housing Finance
The company’s board has approved the payment of a final dividend of Rs 4.50 per equity share for FY 2021-22. Earlier, they declared an interim dividend of Rs 4.0 per equity in September 2021. So the net dividend declared by the company is Rs 8.50 per share.
The board has decided on September 2, 2022, as the record date, meaning the ex-dividend date is September 1, 2022.
GIC Housing Finance shares are currently trading at Rs 147. So, the annual dividend yield of GIC Finance Housing is approximately 5.08 percent.
Track GIC Finance Housing share price live on Angel One’s mobile app.
Lakshmi Mills Company
A final dividend of Rs 25 per scrip is announced for 2021-22. They have decided the record date as September 2, 2022.
Lakshmi Mills announced an interim dividend of Rs 15 in September 2021. The total annual dividend issued by the company in FY22 is Rs 40 ( Rs 15+Rs 25).
Today Lakshmi Mills Company shares are trading for Rs 4,575 apiece, meaning the total annual dividend yield of the company is 0.90 percent.
Follow live updates on Lakshmi Mills’ share price on Angel One.
APL Apollo Tubes
The company board has announced September 3, 2022, as the record date. The board of APL Apollo Tubes has recommended and approved a final dividend payment of Rs 3. 50 per equity share for September 2022. In September 2021, APL Apollo Tubes announced bonus shares at a ratio of 1:1.
Buy APL Apollo Tubes stocks, and follow APL Apollo Tubes’ share price on Angel One’s share price.
TVS Srichakra Ltd
The board of TVS Srichakra Ltd. has approved a final dividend of Rs 16.30 per share. It’s on top of the Rs 30 per equity share interim dividend declared last year, August 2021. So, the total net dividend payout for FY 2021-22 is Rs 46.30 per share.
The stocks will trade at an ex-dividend rate after September 2, 2022.
Want to buy TVS Srichakra Ltd shares? Track live TVS Srichakra Ltd share price on Angel One.
A dividend is a reward the company pays its shareholders for investing in the business. Often large, established companies with predictable profits are the best dividend-paying shares, and their stocks always remain a priority for investors. Open a Demat account online with Angel One and invest in the top dividend-paying stocks.
Disclaimer: This blog is exclusively for educational purposes. The securities quoted are exemplary and are not recommendatory.