3 Stocks Paying Dividend Next Week!
As this is the weekend, some of you might want to know about a few of the stocks that are paying dividends next week. In case you are a dividend seeker, here’s a list of 3 such stocks for you.
Bank of India Limited
Bank of India Ltd (NS:) is a public sector bank with a market capitalization of INR 30,038 crores. The stock is trading at a lucrative valuation, with a P/E ratio of a mere 7.74, compared to the sector’s average of 15.07, partly thanks to the bank’s growing earnings. The net income of FY23 jumped 9.8% to INR 3,837.96 crores.
The bank is trading at a decent dividend yield of 2.73% which is more than double the sector’s average of 1.19%. It has announced the next payout of INR 2 per share, the ex-dividend date of which is 20 June 2023.
Meghmani Organics Limited
Meghmani Organics Ltd (NS:) is a chemicals product manufacturer with a market capitalization of INR 2,169 crores and trades at a single-digit P/E ratio of 9.13, compared to the sector’s average of 20.38. The company posted a YoY revenue jump of 2.56% in FY23 to INR 2,667.47 crores, however, the net income declined by 21.9% YoY to INR 237.7 crores.
FIIs increased their stake in the company, from 1.25% in March 2022 to 1.53% in March 2023. The company declared a dividend of INR 1.4 per share, the ex-dividend date of which is 20 June 2023. The stock is currently trading at a dividend yield of 1.64%.
Tata Steel Limited
Tata Steel Ltd (NS:) is a mining giant with a market capitalization of INR 1,39,019 crores, making it the 38th largest listed entity on the NSE. The company’s net income reverted to mean in FY23, after supernormal profits in FY22 due to the end of the commodity bull run. The net income which stood at INR 40,153.93 crores in FY22 fell 78.1% to INR 8,760.4 crores in FY23. That’s the normal range of the company’s annual profits.
The management never fails to impress investors with dividends and has been shelling out cash to the shareholders for over a decade now. The next payout of INR 3.6 per share has an ex-dividend date of 22 June 2023. The stock is trading at a very good dividend yield of 3.16%.
For the entire list of stocks paying dividends next week, refer to the dividend calendar.
Read More: ‘Double Bottom’ in the Making; Stock Surges 6% from Support!
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As this is the weekend, some of you might want to know about a few of the stocks that are paying dividends next week. In case you are a dividend seeker, here’s a list of 3 such stocks for you.
Bank of India Limited
Bank of India Ltd (NS:) is a public sector bank with a market capitalization of INR 30,038 crores. The stock is trading at a lucrative valuation, with a P/E ratio of a mere 7.74, compared to the sector’s average of 15.07, partly thanks to the bank’s growing earnings. The net income of FY23 jumped 9.8% to INR 3,837.96 crores.
The bank is trading at a decent dividend yield of 2.73% which is more than double the sector’s average of 1.19%. It has announced the next payout of INR 2 per share, the ex-dividend date of which is 20 June 2023.
Meghmani Organics Limited
Meghmani Organics Ltd (NS:) is a chemicals product manufacturer with a market capitalization of INR 2,169 crores and trades at a single-digit P/E ratio of 9.13, compared to the sector’s average of 20.38. The company posted a YoY revenue jump of 2.56% in FY23 to INR 2,667.47 crores, however, the net income declined by 21.9% YoY to INR 237.7 crores.
FIIs increased their stake in the company, from 1.25% in March 2022 to 1.53% in March 2023. The company declared a dividend of INR 1.4 per share, the ex-dividend date of which is 20 June 2023. The stock is currently trading at a dividend yield of 1.64%.
Tata Steel Limited
Tata Steel Ltd (NS:) is a mining giant with a market capitalization of INR 1,39,019 crores, making it the 38th largest listed entity on the NSE. The company’s net income reverted to mean in FY23, after supernormal profits in FY22 due to the end of the commodity bull run. The net income which stood at INR 40,153.93 crores in FY22 fell 78.1% to INR 8,760.4 crores in FY23. That’s the normal range of the company’s annual profits.
The management never fails to impress investors with dividends and has been shelling out cash to the shareholders for over a decade now. The next payout of INR 3.6 per share has an ex-dividend date of 22 June 2023. The stock is trading at a very good dividend yield of 3.16%.
For the entire list of stocks paying dividends next week, refer to the dividend calendar.
Read More: ‘Double Bottom’ in the Making; Stock Surges 6% from Support!
