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Dividend Paying Stocks In August 2023

Introduction

Investors seeking consistent income from their investments often turn to dividend-paying stocks. Dividends refer to a portion of a company's profits distributed to its shareholders as a reward for their ownership. These regular payments provide a steady cash flow stream and contribute to the overall return on investment. In August 2023, numerous companies are slated to pay dividends to their shareholders.

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Dividend Paying Stocks In August 2023

1. Godavari Power

GPIL, or Godavari Power and Ispat Ltd., is India's leading manufacturer of steel, iron ore pellets and sponge iron. It has declared a final dividend of Rs 4.00 per share for the financial year 2023, which will be paid on or after 20th September 2023. The dividend record date is 19th August 2023. 

2. CAMS

CAMS (Computer Age Management Services) is India's leading mutual fund registrar and transfer agent. CAMS announced a final dividend of Rs 12.00 per share for FY 2023, payable on or after 10th September 2023.

The dividend record date is 15th August 2023. This is in addition to the three interim dividends of Rs 10.50, Rs 8.50 and Rs 6.75 per share paid in February 2023 and November and August 2022, respectively. 

3. India Pesticides

It is a leading manufacturer of agrochemicals and technicals in India. Announcing a final dividend, the company declared a payout of Rs 0.75 per share for 2023. The dividend record date is 11th August 2023.

The payments are scheduled to commence on or after 17th August 2023. This is the same as the final dividend paid in the previous year. India Pesticides has a dividend yield of 0.34%. 

4. IFGL Refractory

This company manufactures and sells refractory products for the iron and steel industry in India and abroad. For the financial year 2023, the company has declared a final dividend of Rs 7 per share. The dividend record date is 18th August 2023. The company announced the dividend on 29th May 2023. This is the same as the final dividend paid in the previous year. IFGL Refractories, after this declaration, has a dividend yield of 2.07%. The company has been paying dividends to its shareholders since 2017. 

5. V-Guard 

V-Guard Industries was founded as a small voltage stabiliser manufacturing unit. Today, it is a leading brand in the Indian electricals and home appliances sector. 

V-Guard announced a final dividend of Rs 1.30 per share for 2023. The record date for the dividend is 17th August 2023. The company has a dividend yield of 0.45%.

6. Heranba

Heranba Industries was incorporated in 1992 to provide innovative agrochemical products to farmers. The company is one of the largest manufacturers of synthetic pyrethroids and its intermediates in India, which are used to make insecticides, herbicides, fungicides and public health products. 

Heranba declared a final dividend of Rs 1.25 per share for 2023. The dividend record date is 17th August 2023. Heranba Industries has a dividend yield of 0.33%. 

7. Apollo Hospitals

Apollo Hospitals Enterprise Ltd. is a leading healthcare provider in India. It announced a final dividend of Rs 9 per share (180 per cent on the face value of Rs 5 per share) for 2022-23. The company has set 19th August 2023 as the dividend record date. The dividend is payable on or from 9th September 2023.

8. Morganite India

Morganite Crucible (India) Ltd. manufactures and sells crucibles and refractory products for metal melting industries. It has recently announced a special dividend of Rs 42 per share for the financial year 2021-22. The company has also declared a final dividend of Rs 11 per share for 2022-23, subject to the shareholders' approval. 

The dividend record date is 22nd August 2023. 

9. Transpek Industry

Transpek Industry Limited is a leading manufacturer and exporter of chemicals for various industries, such as textiles, pharmaceuticals, agrochemicals, and advanced polymers. The company was incorporated in 1965 and has a solid hold in the domestic and international markets. The company has a vision to be a global leader in sulphur and chlorine chemistry.

The company has announced a final dividend of 275% for the year ending March 2023, which amounts to Rs 27.5 per share. The ex-date for the dividend is 21st August 2023. The annual dividend yield is 1.38%. 

Conclusion

Dividend payments can signify a company's financial strength and stability. It makes such stocks attractive to income-focused investors. A comprehensive list of stocks will pay or declare dividends in August. 

Let us know if you have any specific stocks you want to learn about, and we will provide you with the relevant information.

 

Related Articles: Dividend option Vs growth option in Mutual funds | Dividend Vs Growth Vs Reinvestment Plans of MF | Understanding all about Dividend Ex date and Dividend record date

 

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