If you have these shares then you can earn bumper, investors are going to get strong dividend
Stocks Paying Dividend Dividend is an additional source of income for investors. Most of companies declare dividend after the declaration of their dividend. This week three companies are going to declare a dividend.
Dividend investing is one of those investment styles in which investors focus on high-quality and high-dividend-paying companies when putting money away. If you have also invested in some companies, then surely you must have got a dividend or are about to get it.
Here we are telling you about three strong companies which are paying dividends this week. All these three companies posted record earnings in FY23.
Tata Coffee Ltd is engaged in the production, trading, and distribution of coffee, tea, and allied products, with a market capitalization of ₹4,286 crore. The company reported a 10.9% growth in Q4 FY23 revenue at ₹736.06 crore, while net income grew 19.6% year-on-year to ₹48.8 crore during the same period.
The stock is currently trading at a dividend yield of 1.4%. It is going to pay dividends on May 15, 2023. The company has declared a dividend of Rs 3 per share. FY23 turned out to be good for the company, as its revenue crossed the milestone of ₹3,000 crore. FII interest in Tata Coffee is on the rise as their stake in the company has now risen to 3.11%, the highest since the December 2021 quarter.
Sula Vineyards Limited is an India-based small-cap wine producer and seller with a market capitalization of Rs 3,693 crore. The company made its debut in the capital market on 22nd December 2022 and since then the stock has given a return of 22.5% above the listing price. It has outperformed the Nifty SmallCap 100 index return of 0.12% during the same period.
The company has reported a growth of 6.4% in Q4 FY23 revenue. In FY23 Sula Vineyards crossed the milestone of Rs 500 crore in revenue and declared a dividend of Rs 5.25 per share. Its date is also 15 May 2023. The stock is trading at a dividend yield of 1.33%.
HDFC Bank Limited is the largest private sector lender in India with a market capitalization of Rs 9,23,807 crore. The Bank has posted a strong performance in Q4 FY23. The Bank's revenue grew by 30% YoY to INR 57,158.84 Crore and net income grew by 20.6%. It is the 5th largest private bank with an FII holding of 32.24% as of the March 2023 quarter.
The bank has declared a dividend of Rs 19 per share. Its ex-dividend date is May 16, 2023. At the current price, it is trading at a dividend yield of 1.14% and a P/E ratio of 20.08. The weightage of the bank in Nifty Bank is 31.19%.
