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- Mar 21, 2023 - 5 Stocks to Watch Out for Upcoming Dividends in April 2023
5 Stocks to Watch Out for Upcoming Dividends in April 2023
Just when the stock market set out for recovery after recording its worst year in 2022, recent developments pulled the market into a new crisis.
The failure of Silicon Valley Bank (SVB) is the latest disaster investors are confronted with, which has sent ripples through the entire stock market.
These fluctuating market conditions have turned the attention of investors towards dividend stocks.
Dividend stocks can generate stable and regular income for investors in times like these. Many investors have generated heaps of passive income just by investing in dividend-paying stocks.
Here are five dividend stocks to watch out for in April 2023.
#1 HCL Technologies
First on the list is HCL Technologies.
The company's board has declared an interim dividend of Rs 42 per share for the financial year 2023. The record date for the same is fixed as 28 April 2023.
The company has consistently declared dividends for the last five years. It has declared a total of 84 dividends since 2000.
The five-year average dividend payout ratio stands at 32.6%. The dividend yield over the past five years has averaged at 1.8%.
HCL Technologies is one of the world's fastest-growing IT services companies.
To its diverse client base spread across 46 countries, the company provides IT and business services, engineering and R&D services, as well as various products and platforms.
For more details, check out HCL Technologies company fact sheet and quarterly results.
HCL Technologies' Dividend History
| Mar-18 | Mar-19 | Mar-20 | Mar-21 | Mar-22 | |
|---|---|---|---|---|---|
| Dividend per share (Adj.) (Rs) | 6.2 | 4.0 | 10.0 | 10.0 | 42.0 |
| Dividend payout ratio (%) | 19.2 | 10.7 | 24.5 | 24.3 | 84.3 |
| Dividend Yield (%) | 1.2 | 0.7 | 2.3 | 1.0 | 3.6 |
Source: Equitymaster
#2 Vesuvius India
Second, on the list is Vesuvius India.
For the financial year 2022, Vesuvius India declared a dividend of Rs 8.3 per share. This was on the back of a 110.4% YoY rise in the profit to Rs 276 million (m) aided by better demand in steel and cement in the December 2022 quarter.
The record date for the same is fixed as 26 April 2023.
Vesuvius India follows the calendar year format, and the company's financial year ends on 31 December 2022.
With a good history of dividend payouts, the company has declared 24 dividends since 2002.
The average dividend payout ratio for five years stands at 20.3%. The dividend yield over the past five years has averaged 0.6%.
Vesuvius India is is engaged in the manufacture of specialised ceramics required in the continuous casting process of steel making.
The products manufactured are shrouds monoblock, stoppers submerged nozzles and tundish nozzles.
For more details, have a look at the Vesuvius India company fact sheet and quarterly results.
Vesuvius India's Dividend History
| Dec-18 | Dec-19 | Dec-20 | Dec-21 | Dec-22 | |
|---|---|---|---|---|---|
| Dividend per share (Adj.) (Rs) | 7.0 | 8.7 | 7.0 | 8.0 | 8.25 |
| Dividend payout ratio (%) | 15.4 | 20.7 | 26.8 | 23.9 | 14.0 |
| Dividend Yield (%) | 0.6 | 0.8 | 0.6 | 0.7 | 0.5 |
Source: Equitymaster
#3 ABB India
Third on the list is ABB India.
For the financial year 2022, the company declared a final dividend of 275% or Rs 5.5 per share. The record date for the same is 27 April 2023.
ABB India follows the calendar year format, and the company's financial year ends on 31 December 2022
ABB India achieved a significant milestone in its order book in 2022. The company's net profit came in higher by 58% YoY to Rs 3.1 bn in the December 2022 quarter.
With a good history of dividend payouts, the company has declared 23 dividends since 2001.
The average dividend payout ratio for five years stands at 39.7%. The dividend yield over the past five years has averaged 0.5%.
ABB India is one of the most reputed names in Indian infrastructure. Its operations can be divided into four major segments: electrification, process automation, motion, and robotics.
For more details, have a look at the ABB India factsheet and latest quarterly results.
ABB India's Dividend History
| Dec-18 | Dec-19 | Dec-20 | Dec-21 | Dec-22 | |
|---|---|---|---|---|---|
| Dividend per share (Adj.) (Rs) | 4.8 | 4.8 | 5.0 | 5.2 | 5.5 |
| Dividend payout ratio (%) | 87.0 | 436.0 | 172.0 | 72.0 | 38.0 |
| Dividend Yield (%) | 0.4 | 0.4 | 0.4 | 0.2 | 1.4 |
Source: Equitymaster
#4 Huhtamaki India
Fourth on the list is Huhtamaki India.
Following the calendar year format, the board has declared an interim dividend of Rs 2 per share for the financial year 2022. The record date for the same is 20 April 2023.
With a rich dividend payout history, it has declared 26 dividends since 1997. The average dividend payout ratio for five years stands at 30.5%. The dividend yield over the past five years has averaged 1.1%.
Huhtamaki India is India's leading manufacturer of primary consumer packaging and labelling materials.
It's the largest manufacturer (in volume) of finished flexible packaging in the larger Africa - India - Asia Pacific region, excluding Japan.
For more details, have a look at the Huhtamaki India's factsheet and latest quarterly results.
Huhtamaki India's Dividend History
| Dec-18 | Dec-19 | Dec-20 | Dec-21 | Dec-22 | |
|---|---|---|---|---|---|
| Dividend per share (Adj.) (Rs) | 3.0 | 5.0 | 3.0 | 1.0 | 2.0 |
| Dividend payout ratio (%) | 49.0 | 47.0 | 47.0 | 45.0 | 33.0 |
| Dividend Yield (%) | 1.6 | 2.0 | 0.9 | 0.4 | 0.5 |
Source: Equitymaster
#5 Infosys
Last on the list is Infosys.
On the back of rising profits, the company is set to consider and approve the final dividend in April 2023.
The record date for the same will announced post the board meeting on 13 April 2023.
For the December 2023 quarter, Infosys reported a 20.2% YoY rise in profit to Rs 65.7 bn. This was on the back of a robust order book.
With a continuous dividend payout history, it has declared 47 dividends since 2000.
The average dividend payout ratio for five years stands at 39.7%. The dividend yield over the past five years has averaged 0.5%.
Infosys is a largecap Indian IT services company offering a range of digital and traditional IT services.
From humble beginnings in 1981, the company now counts itself among the largest and most respected global software firms. It's known for its quality management, work ethics and corporate governance standards.
For more details, have a look at the Infosys company factsheet and quarterly results.
Infosys Dividend History
| Mar-18 | Mar-19 | Mar-20 | Mar-21 | Mar-22 | |
|---|---|---|---|---|---|
| Dividend per share (Adj.) (Rs) | 22.8 | 22.5 | 17.9 | 27.6 | 31.3 |
| Dividend payout ratio (%) | 58.7 | 60.5 | 44.6 | 59.0 | 58.7 |
| Dividend Yield (%) | 3.8 | 3.0 | 2.7 | 2.0 | 1.6 |
Source: Equitymaster
To conclude
Dividend stocks are undoubtedly a great avenue to generate passive income. However, investors should take caution before investing, as dividends are not guaranteed.
A high level of inflation and continuous changes in monetary policies have put a strain on corporate balance sheets.
One should also not buy shares of a given stock for dividend payments alone. You should assess the company's fundamentals and value before investing.
If you want to dig deeper, use Equitymaster's stock screener to check high dividend yield stocks and the best dividend stocks to buy.
Also check out the below list of dividend stocks for April 2023, which we highlighted earlier this month.
Upcoming Dividends in April 2023
Stocks paying regular dividends are like Kattappa for Bahubali. Allow us to explain...
In the blockbuster movie Bahubali, the protagonist Bahubali played by Prabhas always trusted Kattappa and had faith in his instinct. Similarly, investors can trust dividend paying stocks during uncertainty and when the share markets are at their volatile best.
Going by the current stock market scenario, it appears the Indian share markets could come under pressure and volatility may prevail. During such volatile periods, dividend paying stocks will be the saviors.
Let's take a look at five stocks that are paying big dividend in April 2023.
#1 CRISIL
First on the list is CRISIL.
CRISIL is India's top rating agency and is a subsidiary of American company S&P Global.
For the financial year ended December 2022, CRISIL has declared a final dividend of 2,300% amounting to Rs 23 per share. The company has fixed 01 April 2023 as the record date.
Since 1997, CRISIL has paid 76 dividends in total.
Over the last 5 years, the company has paid an average dividend of Rs 37.5 per share.
CRISIL Dividend History (2018-2022)
| Year | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Dividend per share (Rs) | 29.6 | 31.7 | 32.8 | 45.9 | 48.0 |
| Dividend yield (eoy) (%) | 1.9 | 1.7 | 1.7 | 1.6 | 1.4 |
CRISIL's consolidated total income for the quarter ended 31 December 2022 was up 16.8% to Rs 8.4 bn, compared with Rs 7.2 bn in the corresponding quarter of the previous year.
Profit after tax (excluding impact of exceptional item) for the quarter under review was up 17.5% to Rs 1 bn, compared with Rs 1.3 bn in the corresponding quarter of the previous year.
To know more about the company, check out its financial factsheet and quarterly results.
#2 Schaeffler India
Next on this list is Schaeffler India.
Schaeffler India, previously known as FAG Bearings India, is one of India's major ball and rolling bearing manufacturers servicing the automotive and multiple core industrial segments.
The Schaeffler Group is a top provider of innovative solutions to the industrial and automotive sectors.
For the current year ended December 2022, Schaeffler India has declared a final dividend of 1,200% amounting to Rs 24 per share. The company has fixed 12 April 2023 as the record date.
Since 1997, Schaeffler India has paid 27 dividends in total.
Over the last 5 years, the company has paid an average dividend of Rs 12 per share.
Schaeffler India Dividend History (2018-2022)
| Year | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Dividend per share (Rs) | 6.0 | 7.0 | 7.6 | 16.0 | 24.0 |
| Dividend yield (eoy) (%) | 0.5 | 0.7 | 0.8 | 0.9 | 0.8 |
Going forward, the company has set a target dividend payout ratio of 30% to 50% of the net income.
To know more about the company, check out its financial factsheet and quarterly results.
#3 Sanofi India
Third on the list of dividend paying stocks is Sanofi India.
Sanofi India previously known as Aventis Pharma is among the leading multinational companies in the Indian pharma market.
The products manufactured by the company are distributed in India and exported to many developed as well as developing countries including Germany, Australia, UK, Russia, and Italy.
For the current year ended December 2022, Sanofi India has declared a final dividend of 1,940% amounting to Rs 194 per share.
It has also declared a special dividend of 1,830% amounting to Rs 183 per share. The company has fixed 29 April 2023 as the record date.
Since 1997, Sanofi India has paid 55 dividends in total.
Over the last 5 years, the company has paid an average dividend of Rs 333 per share.
Sanofi India Dividend History (2018-2022)
| Year | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Dividend per share (Rs) | 84.0 | 349.0 | 365.0 | 490.0 | 377.0 |
| Dividend yield (eoy) (%) | 1.3 | 4.9 | 4.4 | 6.2 | 3.4 |
The drugmaker reported a jump of 44.8% in net profit to Rs 1.3 bn in quarter ended 31 December 2022 against Rs 904 m in the same quarter last year. The rise in profit came on the back of exceptional items worth Rs 139 m and lower expenses this quarter as compared to the same quarter last year.
To know more about the company, check out its financial factsheet and quarterly results.
#4 Nestle
Nestle India is one of the top FMCG stocks in India.
Nestle India, a subsidiary of Nestle S A, primarily manufactures milk and nutrition products, chocolates
and confectionary, prepared dishes, and cooking aids.
It holds market leadership in several of its product categories, and some of its well-known brands include Maggi, Cerelac, Everyday, Munch, and Kit Kat.
For the current year ended December 2022, Nestle India has declared a final dividend of 750% amounting to Rs 75 per share. The company has fixed 21 April 2023 as the record date.
Since 1997, Nestle has paid 73 dividends in total.
Over the last 5 years, the company has paid an average dividend of Rs 215 per share.
Nestle Dividend History (2018-2022)
| Year | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Dividend per share (Rs) | 115.0 | 342.0 | 200.0 | 200.0 | 220.0 |
| Dividend yield (eoy) (%) | 1.0 | 2.3 | 1.1 | 1.0 | 2.8 |
Nestle India posted 6% year-on-year rise in net profit at Rs 6.3 bn for the fourth quarter ended December 2022. The profit stood at Rs 3.8 bn in the corresponding quarter last year.
Nestle India delivered its highest double-digit growth in a decade led by sustained volume and mix-led growth, leading to strong value growth. In CY22, total sales grew by 14.5% and domestic sales increased by 14.8%, with broad-based performance across all categories.
To know more about the company, check out its financial factsheet and quarterly results.
#5 KSB
Last on this list is KSB.
KSB is a leading international manufacturer of pumps, valves, systems and control valves. It has presence across the country with its own sales and marketing companies, manufacturing facilities and service operations.
For the current year ended December 2022, KSB has declared a final dividend of 150% amounting to Rs 15 per share. The company has fixed 30 April 2023 as the record date.
Since 1997, KSB has paid 43 dividends in total.
Over the last 5 years, the company has paid an average dividend of Rs 215 per share.
KSB Dividend History (2018-2022)
| Year | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Dividend per share (Rs) | 6.0 | 8.0 | 8.5 | 12.5 | 15.0 |
| Dividend yield (eoy) (%) | 0.8 | 1.2 | 1.3 | 1.0 | 0.8 |
To know more about the company, check out its financial factsheet and quarterly results.
As dividend stocks interest you, check out the below video where Richa Agarwal talks about dividend multibaggers for 2023.
Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. Learn more about our recommendation services here...
FAQs
Which are the top dividend yield stocks in India right now?
As per Equitymaster's Stock Screener, these are the top dividend yield stocks in India right now.
- #1 VEDANTA
- #2 HINDUSTAN ZINC
- #3 COAL INDIA
- #4 ONGC
- #5 POWER GRID
These companies are ranked as per their dividend yield. A higher yield is more attractive, while a lower yield can make a stock seem less competitive relative to its industry.
Of course, there are other parameters you should take into account as well before forming a hard opinion on the stock.
What is dividend yield?
The dividend yield of a stock is its share price divided by the per share dividend paid by the company in the last twelve months.
High dividend yield stocks are perceived to be safer than low dividend yield stocks. If the market falls, these stocks will offer a higher yield to investors due to higher dividend payouts.
What kind of companies pay high dividends?
A company can do two things with the profits that it earns - It can either plough the profits back into the company for investing in capex, new products or distribution or pay out the amount as dividend and become a dividend stock.
As such, dividend payout depends a lot on the cash (after meeting its capital expenditure and working capital requirements) a company generates during a year.
Often companies do not need to reinvest into the business purely because they don't see the need for it.
A classic example would be of companies from the FMCG sector. The FMCG sector is a slow yet steady growing industry. But yet, companies choose to pay out huge dividends due to the sector's slow growing nature as capex requirements are on the lower side.
As against this commodity businesses like cement, steel, textile or even capital goods and telecom businesses need to constantly reinvest cash. This leaves very little on the table to pay to shareholders by way of dividends.
How much should you invest in high dividend yield stocks?
Allocation to stocks cannot be determined by the dividends fetched from them. Rather investors must keep in mind that even high dividend yield stocks like Coal India have eroded shareholder wealth and bit the dust due to poor capital allocation, lack of corporate governance, and management apathy.
So, investors should bear in mind that all high dividend yield stocks are NOT wealth creators...even over the long-term.
Allocation to dividend stocks must depend on the marketcap of the company in question. If the company is a bluechip or a smallcap stock, please allocate funds to the stock accordingly.
Further, we believe that a single stock should ideally not comprise more than 5-6% of the total money allocated towards equities
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Apr 4, 2023Pls send