As company’s are announcing quarter 4 results along with audited financial result for full year Fy-23, some are announcing dividend to reward shareholders. Here you can find list of companies with some technical and fundamental ‘gyan’ about cos. that have already declared dividend so that you can make informed decision whether you should buy, sell or hold.
As we know when company declare dividend it also announce record date, ex-date and payout date. To be eligible to get dividend one must hold shares of company till record date(as shareholders name get registered on company’s book to pay div) and on ex-date company’s share trade ex-dividend, let’s understand this with an example, e.g.
say company A which is trading at ₹100 declares a dividend of ₹10 with a record and ex-date of 20 May, after declaration enthusiastic investors bought stocks and share price climbed to 120 due to high demand. Closing price on 19th May was 120, so on ex-date 20th May share price will open at 110 as dividend price will get reduced from last day closing price on ex-date. Payout date is the date at which company starts to transfer the amount of dividend to shareholders bank account. To know more click here
Companies that have declared dividend
| Name (cmp) | ex/record date (2023) | amount (₹) | ROE(%) | p/e | 5y p/e range | 5-year profit cagr(%) | 5-y stock cagr(%) | |
| Home first 725 | 19 may | 2.60 | 13.5 | 28 | 29-54 | 55 | NA | |
| Tata cons. prod 789 | 19 may | 8.45 | 6.97 | 67 | 33-115 | 17 | 27 | |
| Colgate 1628 | 19 may | 21 | 61.2 | 42 | 39-55 | 9 | 7 | |
| GE Shipping 676 | 24 may | 9.0 | 26.8 | 3.93 | 4-28 | 134 | 14 | |
| Infosys 1258 | 2 jun | 17.5 | 31.8 | 21.5 | 18-39 | 9 | 16 | |
| Asian paints 3132 | 9 jun | 21.25 | 27.8 | 72.5 | 61-110 | 15 | 19 | |
| Canara bank 303 | 14 jun | 12 | 16.3 | 4.89 | 6-62 | 37 | 5 | |
| Shriram finance 1340 | 16 jun | 20 | 17.3 | 8.3 | 8-22 | 19 | (-)1 | |
| Piramal enterprise 736.7 | 16 jun | 31 | 5.7 | 9.3 | 7-744 | (-)18 | (-)11 | |
| Tata steel 107.7 | 22 jun | 3.6 | 7.38 | 16.4 | 5-12 | 3 | 12 | |
| Supreme Petro 371.7 | 27 jun | 7 | 29.7 | 14 | 8-47 | 34 | 19 | |
| Bajaj auto 4564 | 30 jun | 140 | 21.3 | 20.6 | 17-28 | 7 | 10 | |
| Care rating 661 | 7 jul | 15 | 13 | 23.6 | 15-30 | (-)12 | (-)12 | |
| Novartis India 690 | 20 jul | 47.50 | 14 | 16.5 | 16-171 | 9 | 2 | |
| Hero motocorp | 27 jul | 35 | 17.2 | 19.2 | 14-26 | (-)5 | (-)6 |
Above we have mentioned company name, current market price(cmp), record date, dividend amount(in ₹), return on equity(%), price earning multiple(p/e) at which stock is trading and it’s 5 year p/e range, 5year profit growth and stock price CAGR so that you can make winning decision before buying an stock to reap the benefit of dividend. By taking a note of 5year profit and stock price CAGR you can guess the quality of company and stock though it should not be looked in isolation but with eps growth, ROCE, ROE, p/e etc.
5 year p/e range is also mentioned in table to give a view about what valuation stock is trading, in above mentioned stocks few are trading below 5year range, few in middle and some are above. Point to remember here, p/e is dependent on eps growth/decline or stock price growth/ decline along with few other factors. If eps is growing continuously and stock price is remaining steady, p/e will decline, so you can make a buying case when such instances occur, market will sooner or later recognize this and stock price will do a catchup eventually.
If eps is growing drastically with minor increase in stock price p/e will decline but sudden decrease in eps will increase the p/e, this happens usually with sectors associated with cyclicality e.g. Metals mining and power, oil refinery companies etc. So you need to take care of which sector that stock belongs and overall p/e of that sector to make more informed decision, this will also prevent you from falling into value trap. (Will discuss about it in another article).
FinMin value pick based on funda and technical analysis
Infosys has a consistent record of paying dividend(div-yield of 2.7%) Infosys is one of the best pick from above table. After weaker than expected Q4 results Infosys share tumbled, currently Infosys is trading at 2 year(Jan 2021) low bringing this IT behemoth in “value buy” category. Technically it took support near ₹1200 but will face resistance in ₹1350-1370 zone, suggests experts. Weekly 200-day simple moving average is placed at 1274 and 50-day sma is at 1476, crossing and closing above 1274 will be positive for stock. Weekly ‘stochastic’ is still in oversold territory so not much downside from here is possible.
Piramal enterprises is another stock that should be in your ‘buy’ watch list as it is trading at 0.55 times book value and at a p/e of 9.3. With a dividend yield of 4.2% company has consistently rewarded it’s shareholders. Though company’s profit growth remained dismal for 10 year(-3.5%) and 5 year(-18%) but it is making a lot of changes in its company structure, the company had a acquired 50% stake in Pramerica life insurance(jv with prudential US), company completed acquisition of Dewan housing finance limited(DHFL) in step 2021.
In October 2021, the board approved the demerger of the pharma business and the simplification of corporate structure. This enabled the transformation of company from multi-sector conglomerate to two separate-sector focused corporate entities in financial and pharmaceutical sector. This all is expected to provide positive boost to companies financial performance in long term.
Supreme petrochem has a dividend yield of 2.45%. Company is trading at a p/e of 13.9 with an roe of almost 30%. Falling crude oil price will also support it’s margins going ahead. This zero debt company has provided 34% profit (5y)growth cage and 19% stock price growth cagr(5y) with very healthy cash flow. Technically stock is trading in a range and breakout will happen once stock crosses 390(closing) basis. Stock is trading above 200 simple moving average(weekly).
Click here to know the all time best dividend paying stocks with every needed details.
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Disclaimer: Information on stocks are for knowledge only, they should not be considered as recommendations. Please take advice from registered fin advisor before making any investment decision.
