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List of dividend Paying Stocks In June 2023

11 Sep 2023

Introduction

Investing is all about right stock picking. You must have fundamentally strong companies in your portfolio. These companies generate strong cash flows and profits every quarter and pay regular dividends. Such stocks can offer capital appreciation and a steady stream of cash flow. The dividend payment per share can vary depending on the company's financial performance and other factors such as market conditions and corporate goals.

Here are some dividend-paying stocks in June 2023:

6 Dividend-paying stocks in June 2023

Infosys

Infosys is an Indian Information Technology (IT) company founded in 1981 and headquartered in Bangalore, India. It is one of the largest IT services companies in the world. Infosys is publicly traded on the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE), as well as on the New York Stock Exchange (NYSE) in the United States. Recently, Infosys announced its final dividend of Rs 17.5 per share. The company has set the record date for the dividend payment on June 2, 2023, with the dividend being paid out on July 3, 2023.

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Hindustan Unilever

Hindustan Unilever Limited (HUL) is a consumer goods company founded in 1933 and headquartered in Mumbai, India. HUL is a subsidiary of the multinational corporation Unilever. It is one of India's largest consumer goods companies and is publicly traded on the NSE and the BSE. In March 2023, the company will pay Rs 22 per share for the financial year as the final dividend. The record date for the dividend has been fixed for June 20, 2023. HUL also paid an interim dividend of Rs 17 per share in November 2022, bringing the total annual premium to Rs 39 per share.

Bajaj Finance

Bajaj Finance Limited is a non-banking financial company incorporated on March 25, 1987, based in Pune, India. It is a subsidiary of the Bajaj Group. It provides a wide range of financial products and services, including personal loans, business loans, home loans, durable consumer loans, and credit cards. The company has declared its highest dividend per share payout ever, with a final dividend of Rs 30 per share for FY 2022-23. The record date for the payment has been fixed as June 30, 2023.

Supreme Petrochem Ltd

Supreme Petrochem Ltd is another dividend-paying stock in June to look out for. Supreme Petrochem Ltd is an Indian petrochemical company and the country's largest producer and exporter of polystyrene polymer. It was founded in 1995 and is headquartered in Mumbai, India. Supreme Petrochem Ltd has declared a final dividend of Rs 7 per share for FY 2022-23. The record date for the dividend payment is June 28, 2023. The company also paid an interim dividend of Rs 2 per share in November 2022.

Mahindra CIE Automotive

A subsidiary of the CIE Automotive group, Mahindra CIE Automotive is an automotive components supplier founded in 1999. Publicly traded on the NSE and BSE, the company has recently declared a dividend of Rs 2.5 per share. The record date for the same is June 3, 2023. That will be the company's second dividend since its inception.

Maharashtra Scooters

Established in 1975 and headquartered in Pune, India is a subsidiary of Bajaj Holdings and Investment Limited. The company is one of India's largest automobile manufacturers listed on the NSE and BSE. The company will pay a final dividend of Rs 60 per share to be paid on the record date of June 30, 2023. It will be on top of the interim dividend of Rs 100 per share paid in September 2022.

Conclusion

It is important to note that investing in dividend-paying stocks carries risks, and there are no guarantees of returns as with any other stock. Therefore, you should research and consult a financial professional before making investment decisions. It is also important to note that dividend payments are not guaranteed. Companies can decide to suspend or not pay dividends if their financial performance is affected. In some cases, companies may also decide to invest their profits in other business areas. 

It is essential to have a Demat and trading account when investing in dividend-paying stocks. Motilal Oswal lets you open a free Demat account. Check it out today!

 

Related Articles: Should you prefer growth option or dividend option in Mutual Funds? | Dividend option Vs growth option in Mutual funds | How Dividends Affect Stock Prices

 

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