3 Dividend Stocks to Watch Out for in October 2022

Dividend paying stocks are currently more appealing than they have been in a very long time.

As markets remain volatile, investors are now looking for a passive source of income. This rise in demand has returned investors to follow the concept of dividend investing.

Here are 3 stocks you can add to your watchlist, which are paying dividend in October 2022.

#1 Accelya Solutions

First on the list we have Accelya Solutions India (formerly Accelya Kale), a software solutions provider to the global airline and travel industry.

The company has a large global footprint with operations spread across 11 countries. It accounts for and manages more than 5 bn financial transactions and 75 m tons of cargo annually. It caters to more than 250 airline customers, travel agents, and shippers worldwide.

The company partners with airlines right from the time a ticket or an airway bill is issued, all the way through its entire life cycle until the data is converted into actionable decision support.

It derives a large chunk of its revenues from the airline vertical, which makes it a big beneficiary as economy reopens. With strategic partnership and alliances with established associations, the company caters to a niche segment.

The company follows a June 2022 year, and in the year gone by, it has declared two dividends (one interim and one final).

In February this year, Accelya declared an interim dividend of Rs 17 per share which was paid out to shareholders who had the stock in their portfolio as of 4 February 2022.

On 3 August 2022, the company declared a final dividend to the tune of Rs 45 per share (450% on face value). The record date for payout of the final dividend is 10 October 2022. The stock will trade ex-dividend on 6 October 2022, i.e. today.

Accelya has a rich history of paying out big dividends. Take a look at the table below which shows its dividend history.

Accelya Solutions Dividend History

Year End	Dividend %	Dividend Yield eoy (%)	Dividend per Share (Rs)	Face Value (Rs)
30-Jun-22	620	5.6	62	10
30-Jun-21	520	4.5	52	10
30-Jun-20	100	1.1	10	10
30-Jun-19	320	3.7	32	10
30-Jun-18	460	3.9	46	10
30-Jun-17	510	3.9	51	10
30-Jun-16	450	4	45	10
30-Jun-15	360	3.6	36	10
30-Jun-14	490	7.2	49	10
30-Jun-13	700	15.4	70	10
30-Jun-12	235	19.4	23.5	10
30-Jun-11	20	2.4	2	10
31-Mar-10	20	2.3	2	10
31-Mar-09	10	4.1	1	10
31-Mar-08	7.5	1.7	0.8	10
31-Mar-07	12.5	1.4	1.3	10
31-Mar-06	12.5	1.3	1.3	10
31-Mar-00	20	0.7	2	10

Data Source: Ace Equity

To know more, check out Accelya Solutions dividend payout history.

#2 Jai Corp

Jai Corp, incorporated in 1985, is engaged in the manufacturing businesses of steel, plastic processing, and spinning yarn. Over 90% of the company's revenues come from the plastic processing segment, followed by spinning and steel segments.

The smallcap stock has recently made it to news and has almost doubled in share price from its June 2022 lows.

The reason?

Recently, there were talks that the government will make policy for companies operating in the special economic zones (SEZ) segment more attractive. The policy approval was expected in September, but there's no recent development.

The rally can also be attributed to the company's first quarter performance when revenues and profits both improved.

Coming to dividend, on 25 May 2022, the company declared a final dividend of Rs 0.5 per share (50% on face value). The record date for payout of the final dividend is 25 October 2022. The stock will trade ex-dividend on 20 October 2022.

Take a look at the company's history of paying dividend.

Jai Corp Dividend History

Year End	Dividend %	Dividend Yield %	Dividend per Share (Rs)	Face Value (Rs)
31-Mar-2022	50.00	0.59	0.50	1.00
31-Mar-2021	50.00	0.59	0.50	1.00
31-Mar-2020	50.00	0.99	0.50	1.00
31-Mar-2019	50.00	0.43	0.50	1.00
31-Mar-2018	50.00	0.37	0.50	1.00
31-Mar-2017	50.00	0.68	0.50	1.00
31-Mar-2016	50.00	0.73	0.50	1.00
31-Mar-2015	50.00	0.89	0.50	1.00
31-Mar-2014	50.00	0.72	0.50	1.00
31-Mar-2013	50.00	0.99	0.50	1.00
31-Mar-2012	50.00	0.57	0.50	1.00
31-Mar-2011	50.00	0.31	0.50	1.00
31-Mar-2010	50.00	0.19	0.50	1.00
31-Mar-2009	50.00	0.62	0.50	1.00
31-Mar-2008	100.00	0.19	1.00	1.00

Data Source: Ace Equity

To know more, check out Jai Corp's dividend payout history.

#3 ICICI Lombard General Insurance

Last on our list we have ICICI Lombard General Insurance.

Along with a balanced portfolio, increased focus on profitable segments and strong backing from its parent company, ICICI Lombard is a formidable general insurance player in the country.

The company derives managerial and funding support from ICICI Bank, which is reflected in the representation of ICICI Bank's directors on ICICI Lombard's board, and the bank's high involvement in the latter's functioning.

Coming to dividends, the company is yet to announce the final amount of interim dividend for the financial year 2022-23.

Leading to this payment, the company's board have fixed 28 October 2022 as record date for dividend payment. The stock will trade ex-dividend on 27 October 2022.

Here's a table showing the company's dividend payment history in recent years.

ICICI Lombard's Dividend History

Year End	Dividend %	Dividend per Share(Rs)	Face Value(Rs)
31-Mar-2022	90.00	9.00	10.00
31-Mar-2021	80.00	8.00	10.00
31-Mar-2020	35.00	3.50	10.00
31-Mar-2019	60.00	6.00	10.00
31-Mar-2018	40.00	4.00	10.00
31-Mar-2017	35.00	3.50	10.00
31-Mar-2016	30.00	3.00	10.00
31-Mar-2015	20.00	2.00	10.00
31-Mar-2011	14.00	1.40	10.00
31-Mar-2010	15.98	1.60	10.00

Data Source: Ace Equity

The stock has remained under pressure this year. On account of the uncertain nature of the pandemic and lockdown orders by the government, the quantum of business sourced by ICICI Lombard has been below the level of business done had there been no lockdown.

In financial year 2022, the company reported a relatively higher underwriting loss due to the elevated loss ratio in the health & personal accident segment.

To know more, check out ICICI Lombard's dividend payout history.

Dividend Stocks on Equitymaster's Indian Stock Screener

You can shortlist dividend paying stocks in just a few seconds using Equitymaster's powerful Indian stock screener.

It's a powerful and flexible tool which allows you to run your own custom queries.

We've recently created a separate section on dividends. Do check it out here:

• Best Largecap Dividend Yield Stocks in India
• Best Midcap Dividend Payout Stocks in India
• Best Smallcap Dividend Growth Stocks in India
• Best Indian Penny Stocks with Dividend Growth

Also check out the below video where Equitymaster's smallcap guru Richa Agarwal talks about 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...