5 Largecap Stocks to Declare Dividends Soon. Do You Own Any?

Earnings are human, dividends are divine, is a quote often used to glorify dividend investing.

Dividends are a way to keep investors happy and satisfied.

By declaring consistent dividend for years, these companies express gratitude to their shareholders for entrusting their money to them.

Dividend income is sought by investors as a passive source of income, to avoid everyday participation in the stock market.

But not all companies have the feasibility to declare continuous dividends.

So, if you want a fixed and consistent source of income while investing in the stock market, look no further than companies that pay regular dividends.

Look for the list of companies which have announced dividends recently.

The companies which offer good dividend yields appeal to many.

In this article, we take a look at five large-cap companies that are going to declare dividends soon.

These companies have a good and consistent track record when it comes to dividends...and have announced big dividend payouts in 2022.

1. Piramal Enterprises

Piramal Enterprises Limited (PEL) is a prominent diversified company in India, with operations in financial services and pharmaceuticals segment.

Piramal Enterprises announced the declaration of dividend along with its Q4 results.

The company's board had proposed a dividend of Rs 33 per share.

Following approval by shareholders at the Annual General Meeting (AGM) to pay dividends, a total dividend payout of Rs 7.9 bn was declared.

Piramal Enterprise has set 15 July 2022 as the record date for receiving dividend.

This amounts to a dividend yield of 1.9% at the current share price of Rs 1,709.65.

Last year, Piramal Enterprises had declared same amount of dividend.

For the previous 5 years, the dividend per share has averaged at Rs 24.

To know more, check out the dividend payout history of Piramal Enterprises.

2. TCS

Tata Consultancy Services (TCS) is a multinational Indian information technology (IT) services and consulting firm headquartered in Mumbai.

While declaring its results on Friday this week, the company's board approved an interim dividend of Rs 8 per share. 16 July 2022 is set as the dividend record date by TCS.

In its latest quarterly results, TCS recorded a 5.2% growth in net profit. Here are five takeaways from TCS Q1 results.

For the previous financial year 2021-22. TCS had declared to pay a final dividend of Rs 22 on the face value of Rs 1 each, which was 2,200% equity dividend on its face value.

It's full year dividend for 2021-22 came at Rs 43 per share, which amounts to a yield of 1.3% on its current price.

For the past five years, TCS' dividend per share has averaged at Rs 46 per share.

To know more, check out the dividend payout history of TCS.

3. Ashok Leyland

Next on our list is Ashok Leyland.

Ashok Leyland is a Chennai-based Indian multinational automobile company, owned by the Hinduja Group.

On 19 May 2022, Ashok Leyland announced that it will pay final dividend to its shareholders.

The dividend per share declared is Rs 1 per share. This amounts in a dividend yield of 0.7% at the current price of Rs 144.

Ashok Leyland has set 16 July 2022 as the record date.

On a YTD basis, Ashok Leyland share price has seen a 15% rise in its share price.

To know more, check out Ashok Leyland's dividend payout history.

4. Bharat Forge

Bharat Forge is an Indian multinational corporation that specializes in forging and other related activities.

It is the flagship company of the Kalyani Group, with headquarters in Pune, Maharashtra.

On 16 May 2022, Bharat Forge announced to pay the final dividend.

The defence company has set 15 July 2022, as the record date

Bharat Forge has declared an equity dividend of 350%, equal to Rs 7 per share, for the financial year ending March 2022.

That is a considerable rise above past years' dividend declarations.

The final dividend amounts to a dividend yield of 1.1% at the current share price of Rs 668.5.

To know more, check out the dividend payout history of Bharat Forge.

5. M&M

Mahindra & Mahindra is a Mumbai-based Indian multinational automobile manufacturing firm. It is a subsidiary of the Mahindra Group.

It announced to pay its dividend to the shareholders on 20 May 2022.

M&M has set 16 July 2022 as the record date.

Mahindra & Mahindra has announced an equity dividend of 231%, equal to Rs 11.55 per share, for the financial year ending March 2022.

This amounts to a dividend yield of 1.1% at the current share price of Rs 1,132.7.

For the previous financial year, M&M had declared a final dividend of Rs 8.75 on the face value of Rs 5 each which was around 175% equity dividend.

The company's recent performance has delighted investors, and they can continue to relax in peace since the company will also pay out dividend soon.

M&M share price is rising and its journey in 2022 has been spectacular. Improved financial performance, huge capex plans and divestment plans have supported its growth.

Also, the company's exposure to EV space makes it one of the top electric vehicle stocks in India.

Yesterday, shares of the company surged 5% to hit an all-time high after the company announced the incorporation of a wholly-owned subsidiary to undertake its 4-wheeler passenger electric vehicles business.

To know more, check out M&M's dividend payout history.

Also check out M&M's 2021-22 annual report analysis.

Dividend Stocks on Equitymaster's Stock Screener

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• High Dividend Yield Stocks
• Top Dividend Paying Stocks
• Dividend Growth Rate Stocks

Equitymaster's smallcap guru, Richa Agarwal, recently recorded a video exploring the concept of dividend investing.

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...