Investing in dividend-paying stocks allows you to make extra income apart from capital gains. When a company distributes a portion of its profits to its shareholders, it is known as a dividend. It is usually given as upfront cash, stocks, or other assets. Dividend payments can improve your equity investments' overall rate of return (RoR).
But how do you know which company will distribute dividends on which date? This article contains a list of dividend-paying stocks in September 2023 with the record dates and ex-dividend dates. A company’s Board of Directors sets the record date for compiling the list of shareholders to receive the dividend. The ex-dividend date is the cut-off date for investors to invest in the stocks of a particular company to become eligible to receive the dividend.
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Below is the list of the top dividend-paying stocks in India with record dates in September 2023:
APL Apollo Tubes Limited is a leading steel tube manufacturing company in India. Its product portfolio includes hollow-section steel tubes, pre-galvanised steel tubes, ERW Black tubes, hot-dipped galvanized tubes, and structural steel tubes. The company’s headquarters is located at Vikas Marg, New Delhi.
APL Apollo Tubes’ shares are listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). As of 22 August 2023, these shares were trading for Rs. 1562.45 per share at the NSE and Rs. 1562.95 at the BSE. On 12 May 2023, the company declared a dividend of 250% on the face value of Rs. 2 per share. The record date for the dividend has been fixed as 1 September 2023.
Triveni Engineering and Industries Limited manufactures steam turbines, gears, gearboxes, and various industrial engineering equipment. The company is also involved in marketing sugar in the domestic market under the brand name “Shagun”. It also sells other food products, including poha, maida, atta, daliya, and besan, under the same brand name.
As of 22 August 2023, the shares of Triveni Engineering and Industries Limited were trading for Rs. 303.45 per share at the NSE and Rs. 302.50 per share at the BSE. On 25 May 2023, the company declared a dividend of 325% on a face value of Rs. 1 per share, with the record date being fixed as 1 September 2023.
Vinati Organics is one of the leading manufacturers of specialty chemicals and organic intermediaries in India. It has its business in more than 35 nations in the world. The company’s product range comprises Aromatics, Industrial Monomers, and Polymers. It is the largest manufacturer of Isobutyl Benzene (IBB) and Acrylamide Methylpropane Sulfonic Acid worldwide.
As of 22 August 2023, the shares of Vinati Organics Ltd. were trading for Rs. 1810.10 at the NSE and Rs. 1810.05 at the BSE. For the Financial Year 2023, the company declared a dividend of 700% on the face value of Rs. 1 per share, i.e., Rs. 7 per share. The record date for dividend payment has been fixed as 1 September 2023.
Gravita India Limited is engaged in the manufacturing of lead metal and lead products through recycling and smelting. The company's product portfolio includes Pure Lead Ingot, Lead Alloy, Read Lead, Litharge, and Lead Sub-Oxide. You can purchase the shares of this company for Rs. 739.15 per share at the NSE and Rs. 736 per share at the BSE.
Gravita India Ltd. has announced a final dividend of 217.50% on the face value of Rs. 2 per share. The record date for dividend payment has been set as 4 September 2023.
Banco Products Limited manufactures high-quality engine cooling components and sealing gaskets for the automobile industry. They also produce various radiators, oil coolers, intercoolers, and compressed fibre jointing sheets. As of 22 August 2023, the shares of this company were trading for Rs. 523.45 at the NSE and Rs. 526.30 at the BSE.
By investing in Banco Products’ shares, you can get a dividend of 700% on a face value of Rs. 2 per share. The company has fixed the dividend record date as 7 September 2023.
Apart from the ones mentioned above, several other companies – including Vindhya Telelinks, Nirlon, Metro Brands, Bharat Bijlee, Kajaria Ceramic, and Radico Khaitan – will pay dividends to their shareholders in September 2023. You can invest in these dividend-paying stocks before the record dates to receive the corresponding dividend income.
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