Introduction
When you enter the stock market, you may find buying and selling shares to be the main sources of making returns. But what if you didn't have to wait until you redeem your shares to make gains? This is what dividend-paying stocks let you do. With these stocks, companies pay you when they gain profits for holding their stocks. In this guide, explore the top dividend-paying stocks you can invest in December 2024.
6 best dividend-paying stocks in December 2024
Here's a list of upcoming stocks you can invest in for dividend-earning opportunity:
Phoenix Township Ltd is a consumer cyclical company. It's gaining attention for its regular dividend declarations. The company made an announcement on 5th November 2024 for the interim dividend of Rs. 0.10 per share. This is followed by the final dividend of Rs. 0.25 earlier this year. You can invest in this dividend-paying stock by the record date – 6th December 2024. You can benefit from the competitive real estate segment that Phoenix Township operates in. It has a robust asset portfolio.
Open Demat Account and Start Trading!
Indo US Bio-Tech is a pioneer in agricultural innovation and stands out for its consistent dividend payouts. The regular payments are supported by its strong market presence in high-yield seeds and sustainable farming technologies. The company has grown due to the increasing demand for organic and hybrid seeds, which allows it to maintain a stable dividend payout ratio. The company announced its latest interim dividend on 14th November 2024. This was followed by the interim dividend introduced on 11th October 2021 with a Rs.025 per share payout. You can get it by the ex-dividend date – 6th December 2024.
VRL Logistics Ltd is a leader in India's transportation and logistics sector. It offers dependable returns to its investors through regular dividends. Despite the many challenges in the logistics industry, the company has consistently shown strong revenue growth. Its extensive fleet operations and diversified services, including freight transportation and courier services, have driven its growth. You can benefit from its operational efficiency through its interim dividend stock. It was announced on 4th November 2024 with a Rs.5 dividend per share. You can get the stock before the ex-dividend date – 29th November 2024.
Taparia Tools is a dominant player in the hand tools industry. It has built its reputation on durability and quality. The company caters to both industrial and retail markets. Its steady dividend stems from its robust operational performance and efficient cost management. Taparia Tools adapts to changing market demands and has a widespread distribution network that provides stable revenue streams. Its newly announced interim dividend was announced on 13th November 2024 with a payout of Rs. 25 per share. It is up for grabs until the ex-dividend date of 29th November 2024.
Dynamatic Technologies Ltd operates in a high-value engineering and manufacturing space. It delivers solutions across applications like aeronautics, automotive, and security. Known for its innovation-driven approach, the company balances growth with shareholder returns through dividends. Its solid focus on advanced manufacturing techniques has led to sustained profitability. This leads to consistent payouts. Its latest interim dividend announcement with a payout of Rs.2 per share was on 13th November 2024. You can get the stock by the ex-dividend date – 29th November 2024.
Career Point Ltd specialises in education and training services. The company's diversified revenue streams comprise test preparation, e-learning solutions, K-12 schools, skill development, etc. Its focus on digital transformation in education and expanding into tier-2 and tier-3 cities further solidifies its market position. If you are looking for sustainable dividend income with exposure to the growing education sector, you may find Career Point an appealing choice. Its latest interim dividend announcement was on 11th November 2024, with a payout of Rs.1 per share. You can get it right before December by 29th November 2024.
Conclusion
With these dividend-paying stocks, you can generate passive income while benefiting from long-term capital appreciation. Most of these you can buy in December and some towards the end of November and welcome the last month with a new investment opportunity. Companies like Phoenix Township Ltd, Career Point Ltd, Dynamatic Technologies, etc., are the new announcements making the mark for the upcoming period.
While you consider such high dividend-yielding stocks, it is essential to assess the company's overall financial health and market conditions before investing. It is best to evaluate the company's fundamentals of these companies and see if they align with your financial goals. Then, you can go ahead and create a balanced mix of steady income and growth potential. Consult a financial advisor if you need help assessing the stocks and checking how they fit into your portfolio.
Financial Calculators: SWP Calculator | EMI Calculator | SIP Calculator | Compound Interest Calculator | CAGR Calculator | Sukanya Samriddhi Yojana Calculator | Retirement Calculator | Mutual Fund Returns Calculator | EPF Calculator | Inflation Calculator
​​​​​​​Popular Stocks: ICICI Bank Share Price | HDFC Bank Share Price | CDSL Share Price | UPL Share Price | TCS Share Price | BHEL Share Price | Trident Share Price | IRFC Share Price | Adani Power Share Price​​​​​​​