Check out the dividend-paying stocks in March
One of the things that many equity investors look forward to is receiving dividends from the companies they have invested in. Dividends are part of the company’s profits which are distributed amongst its shareholders. While the excess profit retained is reinvested into the business or is used to clear off debts and financial obligations.
As investors, investing in dividend-paying stocks is beneficial as it can prove to be an additional source of income along with the returns generated by the appreciation in the share price. On the other hand, it can also help offset the losses that could be caused by a decrease in the share price. Companies that pay regular high dividends attract many investors.
Investors can find high dividend paying companies with the help of the Dividend Yield ratio. The dividend yield ratio signifies the amount of dividend that is being paid in relation to the price per share.
The dividend is often given out in the form of cash. The dividend is declared in a percentage of the share’s face value.
Below is the list of stocks that will pay dividends in the month of March 2023.
Ujjivan Small Finance Bank
Ujjivan Small Finance Bank had announced an interim dividend of Rs 0.75 per equity share, amounting to 7.5% of the face value of Rs 10 each. The record date for payment of the dividend was March 1. The Bengaluru-based bank also announced Rs 0.55 dividend per preferential share.
The company’s board of directors declared an interim dividend of Rs 3 per equity share to its shareholders. The record date for determining the eligibility of the shareholders for the payment of the dividend has been fixed on March 4.
Hinduja Global Solutions
The company announced an interim dividend of Rs 2.5 per equity share, which is 25% of the face value of Rs 10 each. The record date for the dividend has been set on March 6 2023.
The Board of Directors of Marico at its meeting held on February 27, 2023, declared an interim dividend of Rs 4.50 per equity share of Re 1 each. The record date is March 8, 2023, and the dividend will be paid to shareholders on or before March 28, 2023, the company said.
Crisil announced a final dividend of Rs 23 per equity share and the ex-dividend date is March 31, 2023.
The shareholders are part owners of a company and are entitled to a stake in the company’s profit. This part of the profit is distributed to shareholders in the form of dividends. Having dividend-paying stocks in your portfolio is a great way to increase your returns from investments and diversify as well.
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