3 Dividend Stocks to Watch Out for in November 2022

As the broader market has struggled this year, dividend stocks have surged. The back-and-forth nature of stocks has made dividends more appealing to investors.

Many investors generate heaps of passive income by just investing in dividend-paying stocks.

Here are three dividend stocks to watch out for in November 2022.

#1 P&G Hygiene

P&G Hygiene is one of the leading female and healthcare consumer goods companies in India.

Its business is divided into two segments - hygiene and healthcare.

Its well-known brands include Whisper, Oral B, Vicks, and Olay. It has two manufacturing facilities and an extensive distribution network in India.

For the financial year 2022, Procter and Gamble Hygiene declared a final dividend of Rs 65 per share. The record date for this dividend payment is set as 4 November 2022.

Since 2000, the company has declared 28 dividends.

The five-year average dividend payout ratio of the company stands at 126%. The dividend yield over the past five years has been 1.9%.

For the financial year 2023, the company has invested Rs 2 bn for liquid detergent facility in Hyderabad.

To know more, check P&G Hygiene's factsheet and the latest quarterly results.

P&G Hygiene's Dividend History

	Jun-18	Jun-19	Jun-20	Jun-21	Jun-22
Dividend per share (Adj.) (Rs)	40	88	105	315	160
Dividend payout ratio (%)	34.7	68.2	78.7	156.9	145
Dividend Yield (%)	0.4	1.0	1.0	2.4	1.0

Data source: Equitymaster

#2 Gillette India

Gillette India is a subsidiary of P&G USA.

The company has an extensive distribution network comprising drug stores, department stores, and grocery stores.

It manufactures and sells FMCG products in the grooming and oral care segment. It has an extensive product portfolio of razors, blades, shaving gels, and creams.

Some of its well-known brands are Fusion5, MACH3, and Guard3.

For the financial year 2022, Gillette declared a dividend of Rs 36 per share. The record date for the dividend payment is 10 November 2022.

Since 2001, the company has declared 29 dividends.

The five-year dividend payout ratio of the company stands at 98.9%. The five-year average yield of the company is 1.5%.

For financial year 2023, the company has launched a flagship campaign 'Shaving Stereo types' for the young Indian students.

To know more, check out Gillette India factsheets and its quarterly result.

Gillette India's Dividend History

	Jun-18	Jun-19	Jun-20	Jun-21	Jun-22
Dividend per share (Adj.) (Rs)	23	44	49	119	69
Dividend payout ratio (%)	32.7	56.7	69.4	124.9	174
Dividend Yield (%)	0.4	1.0	1.0	2.1	1.0

Data source: Equitymaster

#3 Procter & Gamble Health

Procter and Gamble Health is one of India's largest vendor management companies in the pharmaceutical sector.

The company manufactures and markets over-the-counter products, vitamins, and minerals. It is the sole supplier for pharmaceutical chemicals, industrial chemicals, chemicals, and chemical products.

The company offers prescription drugs, biotechnology products, and consumer health products.

Procter and Gamble Health declared a dividend of Rs 11.5 or 115% for the financial year 2022.

Since 2001, it has rewarded its shareholders 28 times.

The five-year dividend payout ratio of the company stands at 81.8%. The five-year average yield of the company is 1.9%.

For financial year 2023, the company has launched 'P&G Health Academy', a virtual platform that brings together health experts from across the globe to converge, share and learn.

To know more, check out Procter and Gamble Health's factsheet and its quarterly results.

Procter and Gamble Health's Dividend History

	Jun-18	Jun-19	Jun-20	Jun-21	Jun-22
Dividend per share (Adj.) (Rs)	15	0	230	130	52.5
Dividend payout ratio (%)	87	0	150.3	122.1	46
Dividend Yield (%)	0.7	0	5.7	2.3	1.0

Data source: Equitymaster

To conclude

Dividends are the lifeblood of many investors. They're can help offset inflation. Dividend stocks haven't been as popular in recent years but lured by the prospect of steady income, these stocks are regaining their popularity.

These securities are considered a good buffer during times of market volatility. They also are seen as an inflation hedge. This has increased demand for dividend stocks in recent times.

Companies paying out a slice of their earnings to shareholders typically have a record of strong profits. This helps a company to maintain its dividend payments in future.

Dividend stocks also have the potential for value appreciation, giving dual benefits to investors. They will bring a decent benefit in the long run.

Before investing in a dividend stock, one should investigate the stock on investment measures. One of the most popular measures from an investment perspective is the dividend yield.

Dividend yield measures the yield that you earn on the stock in the form of a dividend at the current market price.

If you want to dwell deeper on dividend investing, use Equitymaster's powerful stock screener to check high dividend yield stocks and dividend growth stocks in India.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

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...