List of Upcoming Dividend Stocks in 2024

A stock dividend is when a company gives extra shares to its current shareholders instead of cash, increasing their total share count proportionally.
List of Upcoming Dividend Stocks in 2024
3 mins read
13 December 2024

Dividend-paying stocks are stocks of companies listed on the stock exchanges that distribute a portion of their earned profits to the shareholders. Most dividend-paying stocks are of well-established and financially stable companies that can expand their businesses even after distributing a portion of the profits to the shareholders.

Companies announce their dividends per share, which means shareholders get a predetermined amount for every share they hold. For example, if you have 10 shares and the company has announced Rs. 2 per share, you will get Rs. 20 as a dividend.

List of upcoming dividend stocks in India in 2024

Company

Type

%

Announcement

Record

Ex-Dividend

Bambino Agro Industries Ltd

Final

16

29-05-2024

19-12-2024

19-12-2024

Ceenik Exports (India) Ltd

Final

10

20-11-2024

-

13-12-2024

Phoenix Township Ltd

Interim 1

1

14-11-2024

06-12-2024

06-12-2024

Can Fin Homes Ltd

Interim

300

26-11-2024

04-12-2024

04-12-2024

Surya Roshni Ltd

Interim

50

14-11-2024

29-11-2024

29-11-2024

Dynamatic Technologies Ltd

Interim

20

13-11-2024

29-11-2024

29-11-2024

Taparia Tools Ltd

Interim

250

13-11-2024

29-11-2024

29-11-2024

National Aluminium Company Ltd

Interim

80

13-11-2024

29-11-2024

29-11-2024

Nicco Parks & Resorts Ltd

Interim 2

20

14-11-2024

29-11-2024

29-11-2024

HB Portfolio Ltd

Interim

10

14-11-2024

29-11-2024

29-11-2024

VRL Logistics Ltd

Interim

50

13-11-2024

29-11-2024

29-11-2024

Career Point Ltd

Interim 2

10

11-11-2024

29-11-2024

29-11-2024

Venus Pipes & Tubes Ltd

Interim

5

13-11-2024

29-11-2024

29-11-2024

Bayer CropScience Ltd

Interim

900

13-11-2024

28-11-2024

28-11-2024

Procter & Gamble Health Ltd

Final

600

21-08-2024

-

28-11-2024

Indag Rubber Ltd

Interim

45

14-11-2024

28-11-2024

28-11-2024

Jamna Auto Industries Ltd

Interim

100

14-11-2024

28-11-2024

28-11-2024

Panchsheel Organics Ltd

Interim

8

14-11-2024

28-11-2024

28-11-2024

GPT Healthcare Ltd

Interim 1

10

14-11-2024

28-11-2024

28-11-2024

Focus Business Solution Ltd

Interim 1

1

14-11-2024

28-11-2024

28-11-2024


Disclaimer:
 The dividend details above are based on official announcements and may change. Please verify with stock exchanges or company websites for updates.

Overview of Upcoming Dividend Stocks 2024

Here are some of the upcoming dividend-paying stocks in 2024:

  • Bambino Agro Industries Ltd
    Bambino Agro Industries is a company engaged in the agribusiness sector, particularly focused on food processing and trading. It's important to note that companies in the agribusiness sector can be influenced by factors like weather conditions, government policies, and global commodity prices, which can lead to volatility in their stock prices.
  • Ceenik Exports (India) Ltd
    Ceenik Exports is a company involved in the export of agricultural products. The performance of such companies can be significantly impacted by factors like global demand, exchange rates, and trade policies. These factors can contribute to fluctuations in the stock price.
  • Phoenix Township Ltd
    Phoenix Township is a real estate company involved in developing townships and residential projects. The real estate sector is cyclical and influenced by factors like interest rates, economic growth, and government policies. These factors can impact the company's performance and stock price.
  • Can Fin Homes Ltd
    Can Fin Homes is a housing finance company. The performance of housing finance companies is closely tied to the real estate sector and interest rate trends. Changes in interest rates and economic conditions can affect the demand for home loans and, consequently, the company's financial performance.
  • Surya Roshni Ltd
    Surya Roshni is a diversified company involved in lighting products, steel pipes, and precision tubes. The company’s performance can be influenced by factors like raw material costs, competition, and economic conditions. Fluctuations in commodity prices and changes in consumer demand can impact the company’s stock price.
  • Dynamatic Technologies Ltd
    Dynamatic Technologies is an engineering company that provides solutions for various industries, including aerospace, automotive, and railways. The company's performance can be influenced by factors like global economic conditions, geopolitical factors, and the demand for its products.
  • Taparia Tools Ltd
    Taparia Tools is a manufacturer and exporter of hand tools. The company's performance can be influenced by factors like global demand for hand tools, competition, and economic conditions.
  • National Aluminium Company Ltd (NALCO)
    NALCO is a public sector undertaking involved in the mining and refining of bauxite and alumina. The company's performance is influenced by factors like global commodity prices, government policies, and economic conditions.
  • Nicco Parks & Resorts Ltd
    Nicco Parks & Resorts is a company involved in the leisure and entertainment sector. The company's performance can be influenced by factors like economic conditions, consumer spending, and competition from other leisure and entertainment options.
  • HB Portfolio Ltd
    HB Portfolio is an investment company. The performance of investment companies is influenced by the overall market conditions, economic indicators, and the performance of the companies in which they invest.
  • VRL Logistics Ltd
    VRL Logistics is a logistics company. The company's performance can be influenced by factors like fuel prices, economic growth, and infrastructure development.
  • Career Point Ltd
    Career Point is an education company. The company's performance can be influenced by factors like government policies related to education, economic conditions, and competition from other educational institutions.
  • Venus Pipes & Tubes Ltd
    Venus Pipes & Tubes is a manufacturer of steel pipes and tubes. The company's performance can be influenced by factors like commodity prices, demand for steel products, and economic conditions.

Pro tip

Invest in equities, F&O, and upcoming IPOs effortlessly by opening a Demat account online. Enjoy a free subscription for the first year with Bajaj Broking.

Factors to consider before investing in dividend-paying stocks

Although trending dividend-paying stocks in India can seem attractive, you should invest in dividend stocks in India carefully and after due consideration. Here are some of the factors you should consider before investing in upcoming dividend stocks in 2024:

1. Dividend payout ratio

The dividend payout ratio is the percentage of a company’s total earnings distributed among its shareholders as dividends. For example, if a company earns Rs. 100 crore and distributes Rs. 20 crore as dividends, the dividend payout ratio would be 20%.

2. Dividend yield

The dividend yield compares a company’s annual and total dividend payout with its current stock price. Most experienced investors look for stocks with a dividend yield of 3-4% without it being higher, which indicates potential dividend cuts in the future.

3. Dividend coverage ratio

The dividend coverage ratio depicts the number of times a company can pay dividends to the shareholders using its net income for a specific period. If a company has a high dividend coverage ratio, it may give regular dividends to the shareholders.

How to select the best dividend stocks?

Dividend-paying stocks in India allow investors to earn a steady income on their investments, but selecting them includes numerous factors. These are:

1. Seeking long-term profitability

Companies may have different financial health during different quarters. In one, they may earn significant profits, while in others, they may incur losses. Hence, it is important to identify stocks that can offer long-term profitability, as they have a higher chance of offering regular dividends.

2. Avoiding heavily indebted companies

Almost all companies have debt as they borrow funds to expand their business. However, companies with high amounts of debt have to use a significant portion of their earnings for repayment, leaving lower or no profits to be distributed as dividends. Hence, you should avoid dividend stocks of companies with heavy debt.

3. Checking sector trends

Trending dividend-paying stocks in India follow market trends, such as bearish, bullish, and sector-based trends. These trends heavily affect companies' business operations and, ultimately, their profits. Hence, you should look at market trends before investing in stocks to earn dividends.

4. Dividend yield

Dividend yield is an important factor in analysing upcoming dividend stocks in India. Although a higher dividend yield is always better, it should be balanced. A dividend yield of around 3-4% depicts a higher possibility of dividend payments. However, stocks with higher-than-usual dividend yields are not considered good as they may indicate potential future dividend cuts.

5. The ratio of the earning growth and payout

Before analysing and choosing the trending dividend-paying stocks in India, it is important to look at the company’s ratio of the earning growth and payout. The ratio indicates that the company has enough income to provide good dividends to the shareholders.

6. Consistent dividend history

You should look at the company's historical dividend performance. If the company has announced regular dividends in the past, there are higher chances of regular future dividend payouts.

Conclusion

Companies offer dividends to their shareholders to ensure they do not sell the shares and continue being shareholders. It is also offered as a reward to the shareholders for their continued trust in the company. However, for investors looking to park their capital in such stocks and earn a steady income, it is crucial to analyse various trending dividend-paying stocks in India to ensure they invest in the most suitable ones.

Check out Other Popular Articles!

Bajaj Finserv app for all your financial needs and goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators
  • Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

Do more with the Bajaj Finserv App!

UPI, Wallet, Loans, Investments, Cards, Shopping and more

Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.

Standard Disclaimer

Investments in the securities market are subject to market risk, read all related documents carefully before investing.

Research Disclaimer

Broking services offered by Bajaj Financial Securities Limited (BFSL) | Registered Office: Bajaj Auto Limited Complex , Mumbai –Pune Road Akurdi Pune 411035 | Corporate Office: Bajaj Financial Securities Ltd,1st Floor, Mantri IT Park, Tower B, Unit No 9 & 10, Viman Nagar, Pune, Maharashtra 411014| CIN: U67120PN2010PLC136026| SEBI Registration No.: INZ000218931 | BSE Cash/F&O (Member ID: 6706) | DP registration No : IN-DP-418-2019 | CDSL DP No.: 12088600 | NSDL DP No. IN304300 | AMFI Registration No.: ARN – 163403|

Research Services are offered by Bajaj Financial Securities Limited (BFSL) as Research Analyst under SEBI Regn: INH000010043. Kindly refer to www.bajajfinservsecurities.in for detailed disclaimer and risk factors

This content is for educational purpose only.

Details of Compliance Officer: Ms. Kanti Pal (For Broking/DP/Research)|Email: compliance_sec@bajajfinserv.in/Compliance_dp@bajajfinserv.in |Contact No.: 020-4857 4486 |

Investment in the securities involves risks, investor should consult his own advisors/consultant to determine the merits and risks of investment.

Frequently asked questions

When will the NHPC dividend be credited in 2024?
The NHPC dividend was credited to shareholders' bank accounts on March 5, 2024.
Will Tata Steel give dividends in 2024?

Yes. Tata Steel has announced that it will pay a dividend of Rs. 3.6 per share, and the dividend date was July 10, 2024.

How to see upcoming dividends?

Existing shareholders typically receive dividend declaration information directly from the company, often via a mailed notice. Additionally, many investment information websites regularly publish upcoming ex-dividend dates and the corresponding dividend amounts.

What is the dividend of ITC in 2024?

For the financial year 2023-2024, ITC declared a total dividend of Rs. 13.75 per share. This includes an interim dividend of Rs. 6.25 per share and a final dividend of Rs. 7.50 per share.

How do I find a stocks dividend?

To find a stock's dividend information, you can consult the company's investor relations website, financial news websites, stockbroker platforms, or financial data providers. These sources typically provide details such as dividend history, dividend yield, upcoming dividend dates, and the ex-dividend date. It's important to understand key terms like dividend declaration date, record date, and payment date to effectively track and manage your dividend income.

Show More Show Less