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  • Aug 5, 2022 - 5 Stocks Paying More than 200% Dividend in September 2022

5 Stocks Paying More than 200% Dividend in September 2022

Aug 5, 2022

We all have that one close friend who is available at all times for you. No matter what time of the day, whether it's raining or not, anytime you ask them, "up for a snack?", they will always say yes!

Similarly, there are companies that pay dividends to their shareholders even in a bad financial year. These are the kind of companies that you should look for while investing.

Dividend paymasters provide investors relief. Irrespective of the market performance, they turn out to be a passive source of income.

Regular dividend payment is of the qualities of fundamentally strong stocks. Consistent dividend-paying companies are a blessing for investors.

In this article, we take a look at 5 companies that are paying more than 200% dividend in September 2022.

#1 Bharat Bijlee

For the financial year 2021-2022, Bharat Bijlee has declared a final dividend of 300% amounting to Rs 30 per share. The company declared this final dividend on 19 May 2022

The company has fixed 21 September 2022 as the record date for paying out this dividend.

Since 2003, Bharat Bijlee has paid 16 dividends. However, it did not pay any dividends from 2014-2017.

On average, in the past 5 years, Bharat Bijlee has paid a dividend of Rs 12.5 per share. This year's dividend yield is 1.8% at the current price.

The dividend payout ratio for the year was 30.4%.

Bharat Bijlee is a leading electrical engineering company based in India. Established in 1946, its primary business segments are power transformers, electric motors, etc. The company is headquartered in Mumbai.

Bharat Bijlee Dividend History

Particulars 2018 2019 2020 2021 2022
Dividend per share 2.5 12.5 12.5 5 30.0
Dividend payout ratio (%) 2.3 17 15.5 10.8 30.5
Dividend Yield (%) 0.2 1.1 2.2 0.4 1.8
Source: Equitymaster

#2 AGI Greenpac

For the financial year 2021-2022, AGI Greenpac has declared a final dividend of 250% amounting to Rs 5 per share. The company declared this final dividend on 11 May 2022.

The company has fixed 15 September 2022 as the record date for paying out this dividend.

Since 1997, AGI Greenpac has paid 27 dividends.

On average, in the past 5 years, AGI Greenpac has paid a dividend of Rs 3.8 per share. This year's dividend yield is 1.8% at the current price.

The dividend payout ratio for the year was 16.7%.

AGI Greenpac, formerly known as HSIL, is the largest Indian sanitary ware manufacturer. The company is in the business of manufacturing selling and trading building products, glass products, plastic packaging products, consumer products, and the retail business.

AGI Greenpac Dividend History

Particulars 2018 2019 2020 2021 2022
Dividend per share 4.0 3.0 3.0 4.0 5.0
Dividend payout ratio (%) 39.0 31.0 44.8 29.4 16.7
Dividend Yield (%) 0.9 1 1.8 3.3 1.8
Source: Equitymaster

#3 Empire Industries

For the financial year 2021-2022, Empire Industries has declared a final dividend of 250% amounting to Rs 25 per share. The company declared this final dividend on 25 May 2022.

The company has fixed 13 September 2022 as the record date for paying out this dividend.

Since 2004, Empire Industries has paid 20 dividends.

On average, in the past 5 years, Empire Industries has paid a dividend of Rs 25 per share. This year's dividend yield is 3.5% at the current price.

The dividend payout ratio for the year was 63.3%.

Empire Industries is a listed public company incorporated on 17 October 1900. It is located in Mumbai, Maharashtra.

The company is engaged in the textile processing industry, manufactures engineering equipment, manufactures glass hollow-ware, machine tools, commodity and specialty chemicals, and bulk drugs.

Empire Industries Dividend History

Particulars 2018 2019 2020 2021 2022
Dividend per share 25.0 25.0 25.0 25.0 25.0
Dividend payout ratio (%) 32.1 34.2 43.9 113.6 63.3
Source: Equitymaster

#4 Transpek Industries

For the financial year 2021-2022, Transpek Industries has declared a final dividend of 225% amounting to Rs 22.5 per share. The company declared this final dividend on 1 July 2022.

The company has fixed 7 September 2022 as the record date for paying out this dividend.

Since 2005, Transpek Industries has paid 18 dividends. However, it did not pay any dividends in 2021.

On average, in the past 5 years, Empire Industries has paid a dividend of Rs 14.3 per share. This year's dividend yield is 1.2% at the current price.

The dividend payout ratio for the year was 19.2%.

Established in 1965, Transpek Industry went public in September 1978. It started with the manufacture of acrylic plastic sheets at its plant at Atladra (Vadodara) Gujarat.

It is one of the most responsible producers and exporters of chemicals.

Transpek Industries Dividend History

Particulars 2018 2019 2020 2021 2022
Dividend per share 9.0 20.0 12.5 7.5 22.5
Dividend payout ratio (%) 19.0 17.0 9.6 18 19.2
Dividend Yield (%) 0.9 1.4 0.8 0.4 1.2
Source: Equitymaster

#5 Asahi India Glass

For the financial year 2021-2022, Asahi India Glass has declared a final dividend of 200% amounting to Rs 2 per share. The company declared this final dividend on 25 May 2022.

The company has fixed 9 September 2022 as the record date for paying out this dividend.

Since 2016, Asahi India Glass paid 7 dividends in.

On average, in the past 5 years, Asahi India has paid a dividend of Rs 1.3 per share. This year's dividend yield is 0.4% at the current price.

The dividend payout ratio for the year was 37.9%.

Asahi India Glass, known as AIS, is a glass solution and manufacturing company in India. It was established in 1984. It manufactures automotive safety glass, float glass, architectural processed glass, and glass products.

Asahi India Glass Dividend History

Particulars 2018 2019 2020 2021 2022
Dividend per share 1.5 1.0 1.0 1.0 2.0
Dividend payout ratio (%) 21.2 13.4 17.2 20.0 37.9
Dividend Yield (%) 0.5 0.4 0.6 0.3 0.3
Source: Equitymaster

Investment Takeaway

Consistent dividend-paying companies can be good investments. But investors should keep in mind that when a company pays dividends, it is cutting back on the money it can invest in its business.

Dividend payments are extra costs incurred by the company. An investor should check thoroughly whether the company can afford to pay the dividends that it is paying and whether the pay-outs will continue.

One of the most successful investors, Peter Lynch says,

  • The extravagance of any corporate office is directly proportional to management's reluctance to reward shareholders.

Hence, Peter Lynch believes that miserly companies perform well in the business. He believes that a company that cuts back on extra expenses saves a lot and performs better.

Hence, an investor should take a holistic approach while planning his investments.

In the meantime, also check out the below video where Richa Agarwal explains the concept of dividend investing.

Happy 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...

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