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Top Dividend Stocks in India for Investment in September 2023

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Table of Contents

1. Harsha Engineers International Ltd (HARSHA)

2. Heidelbergcement India Ltd (HEIDELBERG)

3. Morarka Finance Ltd (MORARKFI)

4. Royal Orchid Hotels Ltd (ROHLTD)

5. Superhouse Ltd (SUPERHOUSE)

6. General Insurance Corporation of India (GICRE)

7. The New India Assurance Company Ltd (NIACL)

8. Macrotech Developers Ltd (LODHA)

9. B & A LTD (BNALTD)

10. Ganesh Housing Corporation Ltd (GANESHHOUC)

11. Ram Ratna Wires Ltd (RAMRAT)

Conclusion

Dividend stocks are shares of publicly traded companies that distribute a portion of their earnings, typically on a regular basis, to their shareholders in the form of dividends. A dividend is a payment made by a company to its shareholders as a way to share its profits and provide investors with a steady income stream. Looking for the best dividend stocks to invest on in India?

As the stock market continues to evolve, one investment strategy that has remained popular among investors is dividend investing. Dividend-paying stocks provide a consistent stream of income while also allowing investors to benefit from potential capital appreciation. For those seeking stable income in the Indian stock market, September 2023 presents some exciting dividend-paying stock opportunities. Know about the top dividend stocks in India that you might want to consider for your investment portfolio for September 2023.

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1. Harsha Engineers International Ltd (HARSHA)

Harsha Engineers International Ltd (HARSHA), with the trading symbol HARSHA and security code 543600, is set to distribute a dividend of ₹1.00 per share. The dividend record date and ex-date are both scheduled for September 21, 2023, and the dividend falls under the category of a standard dividend. Currently, the dividend stock is trading at a market price of ₹397.45.

Know about the 15 Dividend Stocks in India that Pay Great Dividends.

2. Heidelbergcement India Ltd (HEIDELBERG)

Heidelbergcement India Ltd (HEIDELBERG) bears the trading symbol HEIDELBERG and holds the security code 500292. The company is preparing to issue a dividend of ₹7.00 per share, with both the dividend record date and ex-date set for September 20, 2023. This dividend falls into the category of regular dividends. The dividend stock is presently trading at a market price of ₹187.90.

3. Morarka Finance Ltd (MORARKFI)

MORARKA FINANCE LTD (MORARKFI), identified by the symbol MORARKFI and security code 511549, is preparing to dispense a dividend of ₹5.00 per share. The crucial dates for dividend-related actions are September 19, 2023, for the record date and September 18, 2023, for the ex-date. This dividend is categorized as a standard dividend. Presently, the dividend stock is trading at a market price of ₹134.45.

4. Royal Orchid Hotels Ltd (ROHLTD)

Royal Orchid Hotels Ltd (ROHLTD) is denoted by the trading symbol ROHLTD and carries the security code 532699. The company has announced a dividend of ₹2.00 per share, and this dividend is classified as a standard dividend. Mark your calendars for the dividend record date and ex-date, both falling on September 18, 2023. As of now, the dividend stock is trading at a current market price (CMP) of ₹303.45.

5. Superhouse Ltd (SUPERHOUSE)

Superhouse Ltd (SUPERHOUSE), identified by the symbol SUPERHOUSE and security code 523283, is gearing up to distribute a dividend of ₹1.00 per share. The designated dividend record date and ex-date for this dividend payout are both set for September 15, 2023, and the dividend is categorized as a standard dividend. Presently, the dividend stock is trading at a market price of ₹214.60.

6. General Insurance Corporation of India (GICRE)

General Insurance Corporation of India (GICRE), identified by the trading symbol GICRE and the security code 540755, is poised to dispense a dividend of ₹7.20 per share. The dividend, categorized as a standard dividend, is scheduled for record and ex-dates of September 08, 2023. Presently, the dividend stock commands a market price of ₹207.20.

7. The New India Assurance Company Ltd (NIACL)

The New India Assurance Company Ltd (NIACL), identified by the symbol NIACL and security code 540769, is preparing to issue a dividend of ₹1.93 per share. Marking the dividend record date as well as the ex-date on September 8, 2023, this dividend is categorized as a standard dividend. The prevailing market price (CMP) of the dividend stock stands at ₹128.40.

8. Macrotech Developers Ltd (LODHA)

Macrotech Developers Ltd (LODHA), identified by the symbol LODHA and security code 543287, has announced a dividend of ₹2.00 per share. The dividend is scheduled with a record date and ex-date of September 08, 2023, falling within the dividend category. At present, the dividend stock is trading at a current market price (CMP) of ₹727.15.

9. B & A LTD (BNALTD)

B & A LTD (BNALTD), identified by the trading symbol BNALTD and security code 508136, is poised to grant a dividend of ₹0.50 per share. The pivotal dates for dividend seekers are the record date and ex-date, both scheduled for September 07, 2023. This dividend stock offering is complemented by a prevailing market price of ₹305.00 per share.

10. Ganesh Housing Corporation Ltd (GANESHHOUC)

The company listed as Ganesh Housing Corporation Ltd (GANESHHOUC) carries the trading symbol GANESHHOUC and the security code 526367. Investors can anticipate a dividend payout of ₹2.40 per share, with the dividend record date and ex-date both scheduled for September 01, 2023. This dividend is categorized as a standard dividend, and the prevailing market price of the dividend stock stands at ₹435.80.

Read on: Stock Price Charts – What are the Different Types?

11. Ram Ratna Wires Ltd (RAMRAT)

Ram Ratna Wires Ltd (RAMRAT), identified by the symbol RAMRAT and security code 522281, is gearing up for a dividend distribution of ₹2.50 per share. The upcoming dividend is slated with a record date and ex-date of September 01, 2023, falling into the dividend category. As of now, the dividend stock is trading at a current market price (CMP) of ₹321.10.

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Conclusion

Investing in dividend-paying stocks can be a prudent strategy for those seeking both income and potential long-term growth. These top dividend stocks in India for September 2023 offer a mix of attractive dividend yields and market potential. However, always remember that investing carries inherent risks, and it is advisable to consult with a financial advisor before making any investment decisions.

While considering dividend-paying stocks for investment, it is important to conduct thorough research and analysis. While dividends provide a steady income stream, other factors such as the company’s financial health, growth prospects, and overall market conditions should also be taken into account.


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