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Upcoming Dividend Announcements for Investors 2023
Are you interested about upcoming dividend announcements for investors in 2023? Regardless of their magnitude, dividends are consistently regarded as positive news for investors since they enhance the value of their investments and provide a source of income.
Click here to open an account with Angel One or read on and find out about upcoming dividend announcements for 2023.
What are Dividends?
Dividends represent a share of a company’s profits that are distributed among its investors as a form of reward. These incentives, typically declared by prominent corporations, serve as payments to individuals who have invested in their stocks. Many companies regularly issue dividends, making their stocks appealing to investors.
Dividends serve as a way for companies to share their success with shareholders and provide a return on their investment. They are especially common among established and profitable companies that have surplus earnings. Not all companies pay dividends, as some may choose to reinvest their profits back into the business for growth or debt reduction.
There are two main types of dividends: cash dividends and stock dividends. Before you read about upcoming dividend announcements for investors in 2023, you should have an idea about these:
Cash Dividends
Cash dividends involve the distribution of cash directly to shareholders. The amount each shareholder receives is usually determined by the number of shares they own.
Stock Dividends
Stock dividends, on the other hand, involve issuing additional shares of stock to shareholders. This increases the total number of outstanding shares but does not affect the proportional ownership of existing shareholders.
Dividends can be a significant source of income for investors, particularly those seeking regular income streams. Many investors, especially retirees, rely on dividend-paying stocks as a means of generating steady cash flow. Dividends can also provide stability and contribute to the overall return on investment, even during periods of market volatility.
The decision to pay dividends lies with the company’s board of directors, who consider various factors such as profitability, cash flow, future investment opportunities, and the company’s financial health. It is important to note that dividends are not guaranteed, and companies can choose to reduce or eliminate dividend payments if circumstances change.
Investors often look at dividend yield, which is calculated by dividing the annual dividend per share by the stock price. This metric helps assess the income potential of an investment relative to its price. Additionally, companies with a consistent track record of increasing their dividends over time are valued by income-focused investors.
If you are considering investments, the upcoming dividend announcements can be useful for you.
Upcoming Dividend Announcements for Investors 2023
A number of companies have announced dividend stocks for the coming months of 2023. Know about some of these companies and their respective upcoming dividend announcements for investors. These upcoming dividend announcements have been collected from authentic resources:
India Grid Trust
- Latest dividend date: 02 Aug, 2029
- Current Price Rs: 135.01
- Market Capitalization Cr: 9,453.10
- Latest Financial Result: 31 Mar, 2023
- PE TTM: 20.8
- Price to Book: 1.9
- Revenue QoQ Growth %: 1.80%
Narmada Gelatines Ltd.
- Latest dividend date: 19 Dec, 2023
- Current Price Rs: 313.5
- Market Capitalization Cr: 189.7
- Latest Financial Result: 31 Mar, 2023
- PE TTM: 12.4
- Price to Book: 2
- Revenue QoQ Growth %: -3.10%
Ganesh Housing Corporation Ltd.
- Latest dividend date: 01 Sep, 2023
- Current Price Rs: 362.7
- Market Capitalization Cr: 3,024.50
- Latest Financial Result: 31 Mar, 2023
- PE TTM: 30.2
- Price to Book: 2.6
- Revenue QoQ Growth %: 168.20%
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Ram Ratna Wires Ltd.
- Latest dividend date: 01 Sep, 2023
- Current Price Rs: 261.35
- Market Capitalization Cr: 1,149.90
- Latest Financial Result: 31 Mar, 2023
- PE TTM: 25.6
- Price to Book: 3.5
- Revenue QoQ Growth %: 18.30%
B&A Packaging India Ltd.
- Latest dividend date: 31 Aug, 2023
- Current Price Rs: 178.5
- Market Capitalization Cr: 88.5
- Latest Financial Result: 31 Mar, 2023
- PE TTM: 10.5
- Price to Book: 1.4
- Revenue QoQ Growth %: -12.00%
NCC Ltd.
- Latest dividend date: 25 Aug, 2023
- Current Price Rs: 120.5
- Market Capitalization Cr: 7,565.60
- Latest Financial Result: 31 Mar, 2023
- PE TTM: 12.2
- Price to Book: 1.2
- Revenue QoQ Growth %: 28.60%
Salzer Electronics Ltd.
- Latest dividend date: 25 Aug, 2023
- Current Price Rs: 336.65
- Market Capitalization Cr: 548.2
- Latest Financial Result: 31 Mar, 2023
- PE TTM: 14.6
- Price to Book: 1.3
- Revenue QoQ Growth %: 23.30%
Shri Dinesh Mills Ltd.
- Latest dividend date: 25 Aug, 2023
- Current Price Rs: 525
- Market Capitalization Cr: 294
- Latest Financial Result: 31 Mar, 2023
- PE TTM: 12.7
- Price to Book: 1.7
- Revenue QoQ Growth %: 3.50%
International Combustion (India) Ltd.
- Latest dividend date: 23 Aug, 2023
- Current Price Rs: 501.15
- Market Capitalization Cr: 119.8
- Latest Financial Result: 31 Mar, 2023
- PE TTM: 14.4
- Price to Book: 1.2
- Revenue QoQ Growth %: 8.40%
Subros Ltd.
- Latest dividend date: 22 Aug, 2023
- Current Price Rs: 349.25
- Market Capitalization Cr: 2,278.40
- Latest Financial Result: 31 Mar, 2023
- PE TTM: 47.5
- Price to Book: 2.6
- Revenue QoQ Growth %: 14.30%
Morganite Crucible (India) Ltd.
- Latest dividend date: 22 Aug, 2023
- Current Price Rs: 975.55
- Market Capitalization Cr: 546.3
- Latest Financial Result: 31 Mar, 2023
- PE TTM: 33.9
- Price to Book: 4.3
- Revenue QoQ Growth %: -18.10%
ITD Cementation India Ltd.
- Latest dividend date: 21 Aug, 2023
- Current Price Rs: 160.7
- Market Capitalization Cr: 2,760.60
- Latest Financial Result: 31 Mar, 2023
- PE TTM: 22.2
- Price to Book: 2.2
- Revenue QoQ Growth %: 22.90%
Transpek Industry Ltd.
- Latest dividend date: 21 Aug, 2023
- Current Price Rs: 2184.55
- Market Capitalization Cr: 1,220.20
- Latest Financial Result: 31 Mar, 2023
- PE TTM: 14.6
- Price to Book: 2.1
- Revenue QoQ Growth %: 3.20%
Apollo Hospitals Ent.
- Latest dividend date: 18 Aug, 2023
- Current Price Rs: 4926.7
- Market Capitalization Cr: 70,838.40
- Latest Financial Result: 31 Mar, 2023
- PE TTM: 86.5
- Price to Book: 10.8
- Revenue QoQ Growth %: 0.90%
AVT Natural Products
- Latest dividend date: 18 Aug, 2023
- Current Price Rs: 92
- Market Capitalization Cr: 1,401.00
- Latest Financial Result: 31 Mar, 2023
- PE TTM: 18.1
- Price to Book: 3.3
- Revenue QoQ Growth %: -3.20%
Crest Ventures Ltd.
- Latest dividend date: 18 Aug, 2023
- Current Price Rs: 185.65
- Market Capitalization Cr: 528.2
- Latest Financial Result: 31 Mar, 2023
- PE TTM: 0.9
- Price to Book: 0.6
- Revenue QoQ Growth %: 4.50%
Godawari Power & Isp.
- Latest dividend date: 18 Aug, 2023
- Current Price Rs: 378.5
- Market Capitalization Cr: 5,145.50
- Latest Financial Result: 31 Mar, 2023
- PE TTM: 6.5
- Price to Book: 1.3
- Revenue QoQ Growth %: -10.00%
Magna Electrocasting
- Latest dividend date: 18 Aug, 2023
- Current Price Rs: 337.5
- Market Capitalization Cr: 142.8
- Latest Financial Result: 31 Mar, 2023
- PE TTM: 8.3
- Price to Book: 1.5
- Revenue QoQ Growth %: -4.70%
NGL Fine Chem Ltd.
- Latest dividend date: 18 Aug, 2023
- Current Price Rs: 1796.85
- Market Capitalization Cr: 1,110.10
- Latest Financial Result: 31 Mar, 2023
- PE TTM: 52.9
- Price to Book: 5
- Revenue QoQ Growth %: 2.70%
AK Capital Services
- Latest dividend date: 18 Aug, 2023
- Current Price Rs: 509
- Market Capitalization Cr: 335.9
- Latest Financial Result: 31 Mar, 2023
- PE TTM: 3.8
- Price to Book: 0.4
- Revenue QoQ Growth %: 10.40%
Tega Industries Ltd.
- Latest dividend date: 18 Aug, 2023
- Current Price Rs: 913.05
- Market Capitalization Cr: 6,058.50
- Latest Financial Result: 31 Mar, 2023
- PE TTM: 32.9
- Price to Book: 2.3
- Revenue QoQ Growth %: 14.90%
IL&FS Investment Management
- Latest dividend date: 17 Aug, 2023
- Current Price Rs: 7.45
- Market Capitalization Cr: 234
- Latest Financial Result: 31 Mar, 2023
- PE TTM: 19.5
- Price to Book: 1
- Revenue QoQ Growth %: 24.10%
J B Chemicals & Pharmaceuticals Ltd.
- Latest dividend date: 17 Aug, 2023
- Current Price Rs: 2159.45
- Market Capitalization Cr: 16,717.80
- Latest Financial Result: 31 Mar, 2023
- PE TTM: 40.8
- Price to Book: 6.7
- Revenue QoQ Growth %: -3.80%
V-Guard Industries Ltd.
- Latest dividend date: 17 Aug, 2023
- Current Price Rs: 256.9
- Market Capitalization Cr: 11,137.30
- Latest Financial Result: 31 Mar, 2023
- PE TTM: 58.9
- Price to Book: 6.9
- Revenue QoQ Growth %: 16.20%
Neelamalai Agro Industries Ltd.
- Latest dividend date: 17 Aug, 2023
- Current Price Rs: 3412.05
- Market Capitalization Cr: 212.3
- Latest Financial Result: 31 Mar, 2023
- PE TTM: 7.5
- Price to Book: 0.9
- Revenue QoQ Growth %: -1.00%
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Heranba Industries Ltd.
- Latest dividend date: 17 Aug, 2023
- Current Price Rs: 362.75
- Market Capitalization Cr: 1,451.50
- Latest Financial Result: 31 Mar, 2023
- PE TTM: 13.2
- Price to Book: 1.8
- Revenue QoQ Growth %: -7.60%
India Pesticides Ltd.
- Latest dividend date: 17 Aug, 2023
- Current Price Rs: 226.95
- Market Capitalization Cr: 2,613.60
- Latest Financial Result: 31 Mar, 2023
- PE TTM: 18.3
- Price to Book: 3.4
- Revenue QoQ Growth %: -8.90%
Heritage Foods Ltd.
- Latest dividend date: 14 Aug, 2023
- Current Price Rs: 210.95
- Market Capitalization Cr: 1,957.50
- Latest Financial Result: 31 Mar, 2023
- PE TTM: 33.8
- Price to Book: 2.7
- Revenue QoQ Growth %: 4.00%
Fine Organic Industries Ltd.
- Latest dividend date: 14 Aug, 2023
- Current Price Rs: 5034.4
- Market Capitalization Cr: 15,435.50
- Latest Financial Result: 31 Mar, 2023
- PE TTM: 25
- Price to Book: 10
- Revenue QoQ Growth %: -21.40%
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Conclusion
The upcoming dividend announcements for investors in 2023 offer an opportunity to explore companies that distribute a portion of their profits to shareholders. Make informed decisions and you can get safe and grow as an investor.
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