Upcoming Dividend Stocks 2023: This year’s dividend stock selection provides an opportunity to secure regular income streams while also benefiting from potential capital appreciation. Investors can navigate a diverse range of companies spanning various sectors and make informed decisions to grow their portfolios with careful analysis and strategic investment. To maximise the potential of these upcoming dividend stocks, stay up to date on the latest financial reports, dividend histories, and market trends. Dividends are more than just a source of income for investors in 2023; they are also a means of achieving financial stability and wealth accumulation.
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Upcoming Dividend Stocks 2023 no 1: Archean Chemical Industries Limited
Archean Chemical Industries Limited recently declared an INTERIM dividend of Rs. 1.0 with an ex-date of 17 November. INTERIM dividends are significant as they reflect the company’s commitment to rewarding shareholders by distributing profits ahead of the fiscal year-end.
Financial Performance
To gain a deeper understanding of Archean Chemical’s financial performance and potential upcoming dividend stocks, let’s examine its recent financial results for the second quarter of fiscal year 2024.
Q2 FY2024 – Quarter-on-Quarter (QoQ) Comparison
Total Income: Archean Chemical reported a total income of Rs. 301.6565 crores for the quarter ending September 30, 2023, representing a 14.79% decrease from the previous quarter.
Net Profit / (Loss): During the same period, the net profit decreased by 29.68%.
Earnings Per Share (EPS): The EPS for this quarter was Rs. 5.34, indicating a 29.74% decrease.
Q2 FY2024 – Year-on-Year (YoY) Comparison
Total Income: Compared to the same period in the previous year (September 30, 2022), Archean Chemical’s total income decreased by 3.44%.
Net Profit / (Loss): However, the net profit increased by 3.79% when comparing the quarters.
Earnings Per Share (EPS): The EPS for this quarter dropped by 13.31% compared to the same period in the previous year.
Half-Year Ended FY2024 – Year-on-Year (YoY) Comparison
Total Income: Archean Chemical’s total income decreased by 9.09% in the first six months of fiscal year 2024 compared to the same period the previous year.
Net Profit / (Loss): For the first six months of the fiscal year, net profit increased by 8.02%.
Earnings Per Share (EPS): The EPS for this period decreased by 9.70%.
Stock Performance
Archean Chemicals shares are actively traded, with the last trading price at Rs. 572.85, lower than the previous closing price of Rs. 595.35. The stock experienced an intraday high of Rs. 599.65 and an intraday low of 570.10. The total number of shares traded during the day was 37,133 in over 2,616 trades, with a net turnover of Rs 21,573,478.00.
Upcoming Dividend Stocks 2023: MRF Ltd.
MRF achieved a significant milestone by becoming the first Indian company with shares valued at ₹1 lakh each, marking a tenfold increase from ₹10,000 in February 2012. MRF Ltd. declared an interim dividend of ₹3 per share, translating into a 30% payout. The dividend is scheduled to be paid on or after November 30, 2023, with a record date set for November 17, 2023.
Financial Performance
MRF reported a significant increase in net profit for the September quarter, rising from 124 crore last year to 572 crore. Furthermore, revenue increased by 6.5% to 6,088 crore during the September quarter, and the EBITDA margin increased significantly, rising to 18.5% from 8.2% the previous year.
Stock Performance
Despite a 2.5% drop following the earnings announcement, MRF’s shares are still trading at $1,07,802, representing a 22% increase so far in 2023.
Upcoming Dividend Stocks 2023: Coal India Ltd.
Coal India Ltd. is making substantial progress in the energy sector, having achieved half of its production target for the fiscal year 2024 in the first seven months. The company’s production reached 394 million tonnes in the first seven months of the current fiscal year, representing an impressive 11.9% increase over the same period the previous year.
October Performance Highlights
In the month of October, Coal India’s production surged by 15.4% year-on-year to reach 61.1 million tonnes. This significant growth contributes to the positive performance for the first seven months.
Financial Insights
Coal India’s offtake for October also grew by 14.8% from the previous year to 61.6 million tonnes. This data highlights the company’s ability to meet the increasing demands in the energy sector.
Power Grid Corporation of India
Power Grid Corporation of India, a state-owned power transmission firm, is preparing to release its financial results for the second quarter of fiscal year 2024. As part of its quarterly earnings report, the company’s board of directors will also declare an interim dividend.
The announcement will take place on November 7, 2023, and the dividend will be paid on November 16, 2023.
Dividend Analysis for Other Companies
In addition to Archean Chemical, MRF, Coal India, and PowerGrid, several other companies in India are announcing their dividend plans. Some of these companies include Mazagon Dock Shipbuilders Ltd, Page Industries Ltd, Indian Railway Catering & Tourism Corporation Ltd, Indraprastha Gas Ltd, and Emami Ltd. These companies provide a range of dividend-related information, including dividend yields, annual dividend payments, and essential financial ratios.
Mazagon Dock Shipbuilders Ltd
Mazagon Dock Shipbuilders Ltd is one of the most popular Industrials companies in the world with a market capitalization of ₹38,706.33Cr. Its share price is ₹1,929.45 as of November 3, 2023.
Dividend History
Mazagon Dock Shipbuilders Ltd provided 17.59 for the full year last year.
Key Highlights
In the quarter ending March 2023, Mazagon Dock Shipbuilders Ltd declared a dividend of ₹6.86, translating to a dividend yield of 0.91%.
Financial Performance
Revenue in the quarter ending June 2023: ₹2,405.42Cr
Profits in the quarter ending June 2023: ₹314.34Cr
Dividend in the quarter ending March 2023: ₹6.86
Dividend-related Ratios
Last dividend date: 30/05/2023
Current Dividend Yield: 0.91%
Annual dividend payment: ₹17.59
Page Industries Ltd
Page Industries Ltd is one of the most popular Consumer Cyclical companies in the world with a market capitalization of ₹41,896.13Cr. Its share price is ₹37,587.50 as of November 3, 2023.
Dividend History
Page Industries Ltd gave 325 for the entire year last year.
Key Highlights
In the quarter ending June 2023, Page Industries Ltd declared a dividend of ₹75, translating to a dividend yield of 0.86%.
Financial Performance
Revenue in the quarter ending June 2023: ₹1,575.22Cr
Profits in the quarter ending June 2023: ₹201.57Cr
Dividend in the quarter ending March 2023: ₹75
Dividend-related Ratios
Last dividend date: 09/05/2023
Current Dividend Yield: 0.86%
Annual dividend payment: ₹325
Indian Railway Catering & Tourism Corporation Ltd
Indian Railway Catering & Tourism Corporation Ltd is one of the most popular Consumer Cyclical companies in the world with a market capitalization of ₹41,129.18Cr. Its share price is ₹2,460.10 as of November 3, 2023.
Dividend History
Last year, Indian Railway Catering & Tourism Corporation Ltd gave ₹40.15 for the full year.
Key Highlights
In the quarter ending June 2023, Indian Railway Catering & Tourism Corporation Ltd declared a dividend of ₹10, translating to a dividend yield of 0.44%.
Financial Performance
Revenue in the quarter ending June 2023: ₹3,330.09Cr
Profits in the quarter ending June 2023: ₹498.76Cr
Dividend in the quarter ending March 2023: ₹10
Dividend-related Ratios
Last dividend date: 01/09/2023
Current Dividend Yield: 0.44%
Annual dividend payment: ₹40.15
Indraprastha Gas Ltd
Indraprastha Gas Ltd is one of the most popular Utilities companies in the world with a market capitalization of ₹56,748.93Cr. Its share price is ₹607.65 as of November 3, 2023.
Dividend History
Last year, Indraprastha Gas Ltd gave ₹11 for the full year.
Key Highlights
In the quarter ending June 2023, Indraprastha Gas Ltd declared a dividend of ₹2.50, translating to a dividend yield of 0.41%.
Financial Performance
Revenue in the quarter ending June 2023: ₹3,099.45Cr
Profits in the quarter ending June 2023: ₹363.16Cr
Dividend in the quarter ending March 2023: ₹2.50
Dividend-related Ratios
Last dividend date: 07/09/2023
Current Dividend Yield: 0.41%
Annual dividend payment: ₹11
Emami Ltd
Emami Ltd is one of the most popular Consumer Defensive companies in the world with a market capitalization of ₹15,974.60Cr. Its share price is ₹307.45 as of November 3, 2023.
Dividend History
Last year, Emami Ltd gave ₹4 for the full year.
Key Highlights
In the quarter ending June 2023, Emami Ltd declared a dividend of ₹3, translating to a dividend yield of 0.98%.
Financial Performance
Revenue in the quarter ending June 2023: ₹598.89Cr
Profits in the quarter ending June 2023: ₹60.15Cr
Dividend in the quarter ending March 2023: ₹3
Dividend-related Ratios
Last dividend date: 22/08/2023
Current Dividend Yield: 0.98%
Annual dividend payment: ₹4
Conclusion
Monitoring upcoming dividend stocks is vital for investors and stakeholders. The information provided in this comprehensive analysis offers valuable insights into the financial health and market trends of these significant Indian companies. Stay connected for further updates as more companies reveal their financial results and dividend plans.
Disclaimer: The information in this “Stock Profile” blog post is for informational purposes only. It is not financial advice. Always consult a qualified expert before making investment decisions.
