It’s Raining Dividends: 9 Nifty Stocks are Going Ex-Dividend in July

  • Stock Market Analysis
  • Editors Pick

Dividend lovers generally prefer high-quality consistent dividend-paying companies for their portfolio. The quality of the business should not be compromised while creating a dividend portfolio as it is the sole determinant of whether the consistent stream of payout would continue in the future or not.

Sometimes investors tend to go after very high dividend yields but don’t consider other factors such as whether is it a one-time dividend payment that has influenced the yield, or whether the price of the shares has ferociously crashed that has bumped up the yields. All these factors should be taken into consideration before arriving at a healthy pick for a dividend portfolio. 

In that vein, we have compiled a list of 9 companies from the benchmark Nifty 50 index that have declared a dividend and going ex-dividend in July 2022.

JSW Steel Limited

JSW Steel Ltd (NS: JSTL ) is engaged in the business of production and manufacturing of iron and steel products. The company has declared a final dividend of INR 17.35 per share for FY22 with the ex-date being 4 July 2022 which is significantly more than the FY21 dividend of INR 6.5 per share. Its shares are trading at a dividend yield of 3.77%.

Axis Bank Limited

The board of Axis Bank Ltd (NS: AXBK ) has declared a final dividend of INR 1 per share for FY22 and the ex-date of it is 7 July 2022. It is a minuscule payout but the bank had refrained from paying a dividend in the last two financial years. Shares of Axis Bank are trading at a dividend yield of 0.16%.

Titan Company Limited

The management of Titan Company Ltd (NS: TITN ) has declared a final dividend of INR 7.5 per share for FY22 which is higher than a payout of INR 4 per share in both FY21 and FY20 each. The ex-dividend date is 8 July 2022 and the stock is currently trading at a yield of 0.39%.

Dr Reddy’s Laboratories Limited

The share of Dr Reddy’s Laboratories Ltd (NS: REDY ) is paying a final dividend of INR 30 per share for FY22 which is the highest payout since 2013 (at least). The stock is currently quoting at a yield of 0.69% and the ex-date for the upcoming payout is 11 July 2022.

Shree Cement Limited

The board of Shree Cement Ltd. (NS: SHCM ) has declared a final dividend of INR 45 per share, totalling INR 90 per share for FY22. The ex-date of the upcoming dividend is 13 July 2022. Currently, the stock is trading at a dividend yield of 0.46%

Mahindra & Mahindra Limited 

The automaker giant Mahindra & Mahindra Ltd. (NS: MAHM ) has announced a final dividend of INR 11.55 per share for FY22 and the ex-dividend date of 14 July 2022. It is the highest dividend payout for any financial year for the company since 2013 (at least). The current dividend yield of the stock is 0.97%.

Tech Mahindra Limited

The giant Tech Mahindra Ltd (NS: TEML ) has announced a final dividend of INR 15 per share and a special dividend of INR 15 per share. The company’s total payout for FY22 is INR 45 per share. The ex-date for both the final and special dividend is 21 July 2022. The current dividend yield of the stock is a lucrative 4.39%.

Larsen & Toubro Limited

The management of Larsen & Toubro Ltd (NS: LART ) has announced a final dividend of INR 22 per share for FY22 and the ex-date of it is 21 July 2022. The FY22 dividend is a bit less than the previous year’s INR 36 per share payout. The current dividend yield of the stock is 1.42%.

Hero MotoCorp

The last stock on the list is Hero MotoCorp Ltd (NS: HROM ) which has announced a final dividend of INR 35 per share for FY22 with the ex-date being 27 July 2022. The total dividend for the financial year stands at INR 95 per share and the dividend yield of the stock is a decent 3.45% 

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