After a brutal sell-off in the last two sessions, many high-quality stocks have been beaten down to mouth-watering prices. Dividend seekers should capitalize on these times and try to accumulate their favorite high-dividend paying companies for their long-term portfolio. In case you are looking for immediate payouts, here are 3 companies that are going ex-dividend in the next week.
Banaras Beads Limited
Banaras Beads Ltd (NS:BANB) is engaged in manufacturing and exporting handicraft items, such as glass beads necklaces and imitation jewelry, having a market capitalization of a mere INR 58 crores. The company reported a revenue of INR 3.31 crores in Q3 FY23, down from INR 8.96 crores a quarter ago and announced an interim dividend of INR 2 per share.
This payout is 2.33% of the last closing price of INR 85.75, making it a lucrative opportunity for dividend seekers. The ex-dividend date for the payout is 30 January 2023. As this is quite a small company, holding on to it for long could be risky.
Siemens Limited
The next one on the list is Siemens Ltd (NS:SIEM) which is a large-cap capital goods manufacturer with a market capitalization of INR 1,06,534 crores. The company trades at a P/E ratio of 69.59, compared to the sector’s average of 52.91 and has increased its market share from 26.1% to 30.2% in the last 5 years.
It has announced a final dividend of INR 10 per share, the ex-dividend date of which is 30 January 2023. The stock currently quotes at a dividend yield of 0.33% and has a good track record of paying out consistent dividends to shareholders. The payout ratio over the last three fiscal years has been maintained at 0.27.
CCL Products India Limited
CCL Products India Ltd (NS:CCLP) is a small-cap coffee manufacturer that exports coffee to over 90 countries and has a market capitalization of INR 7,090 crores. The company’s Q3 FY23 revenue jumped 5.69% QoQ to INR 535.65 crores which led to a net income of 73.06 crores. Consequently, the EPS (earnings per share) surged 26.5% QoQ to INR 5.49 in Q3 FY23. FIIs have also been seen increasing their stake from 7.55% to 7.58%, in a period of 1 quarter ended 31 December 2022.
The company announced an interim dividend of 3 per share, the ex-dividend date of which is 31 January 2023 and the stock is trading at a dividend yield of 0.94%.