Dividend Stocks in April 2024

Considering investing in dividend-paying stocks? These offer a portion of a company’s profits distributed to shareholders, providing a potential income stream. But dividends go beyond just income. They can also signal a company’s financial health and stability. Consistent dividend payments can even boost a stock’s value and attract investors seeking long-term returns.

This article dives into promising dividend-paying stocks to consider in April 2024. We’ll explore their potential for generating financial returns and their commitment to rewarding shareholders.

Dividend Paying Stocks in April 2024

Overview of Dividend Paying Stocks in April 2024

In April 2024, several companies announced dividends, reflecting a mix of final, interim, and special distributions across various industries. Here’s a brief overview of each:

1. Schaeffler India Ltd. 

A leading automotive and industrial supplier, Schaeffler India announced a final dividend of 1300.00%, payable on April 19, 2024, showcasing its financial strength and commitment to shareholder returns.

2. Stovec Industries Ltd. 

Specialising in printing and textile machinery, Stovec Industries declared a final dividend of 170.00%, indicating its robust performance, with the ex-dividend date set for April 18, 2024.

3. S H Kelkar & Company Ltd. 

As a major fragrance and flavor manufacturer, S H Kelkar & Company’s interim dividend of 0.00% on April 12, 2024, suggests a strategic approach to reinvestment or a placeholder for future announcements.

4. Vesuvius India Ltd.

A leader in molten metal flow engineering, Vesuvius India’s final dividend of 127.50% for April 10, 2024, reflects its solid market position and profitability.

5. Prima Plastics Ltd. 

Engaged in plastic products manufacturing, Prima Plastics’ interim dividend of 0.00% on April 8, 2024, might signal reinvestment strategies or future financial planning.

6. Indian Metals & Ferro Alloys Ltd. 

A premier producer of ferro alloys, the company’s special dividend of 0.00% on April 8, 2024, could indicate a focus on strategic growth or a placeholder announcement.

7. Esab India Ltd. 

Esab India Known for welding and cutting products, Esab India’s interim dividend of 0.00% on April 5, 2024, might reflect operational reinvestment priorities or upcoming financial strategies.

8. Visco Trade Associates Ltd. 

Visco Trade Associates Operating in the trading sector, Visco Trade Associates declared an interim dividend of 10.00%, effective April 5, 2024, showing its financial stability and shareholder commitment.

9. Varun Beverages Ltd.

As a key player in the beverage industry, Varun Beverages’ final dividend of 25.00% on April 4, 2024, underscores its successful operations and market presence.

10. Sundaram-Clayton Ltd.

A significant manufacturer in the automotive industry, Sundaram-Clayton’s interim dividend of 103.00% on April 4, 2024, reflects its strong financial health and shareholder value focus.

11. Ashok Leyland Ltd.

A major commercial vehicle manufacturer, Ashok Leyland’s interim dividend of 495.00% on April 3, 2024, highlights its robust earnings and commitment to investors.

12. TVS Holdings Ltd.

Engaged in automotive dealership and finance, TVS Holdings’ interim dividend of 1880.00% on April 2, 2024, signals its exceptional performance and shareholder dedication.

13. Bharat Dynamics Ltd.

Bharat Dynamics Specialising in defense equipment manufacturing, Bharat Dynamics’ interim dividend of 88.50% on April 2, 2024, indicates its solid operational success and return to shareholders.

14. GPT Healthcare Ltd.

GPT Healthcare Operating in the healthcare sector, GPT Healthcare’s interim dividend of 10.00% on April 2, 2024, reflects its steady growth and financial health.

How Do Dividends Work?

Dividends are a way for companies to share their profits with shareholders. These payouts can come in the form of cash or additional shares. The amount each shareholder receives is determined by their ownership stake, measured by the number of shares they hold.

For instance, imagine a company named Zeta Corporation declares a dividend of ₹10 per share. An investor holding 100 shares would receive a total of ₹1,000 (₹10/share  x 100 shares).

Let’s take another example: Zeta Corporation has a total profit of ₹1 million and 1 million shares outstanding. If they decide to distribute 20% of their profits as dividends, the total dividend pool would be ₹200,000 (₹1 million  20%). This translates to a dividend of ₹0.20 per share (₹200,000 / 1,000,000 shares). An investor who owns 5,000 shares in Zeta Corporation would then receive ₹1,000 (₹0.20/share  5,000 shares).

In essence, dividends offer a direct return on investment for shareholders. The amount they receive depends on both the company’s profitability and its dividend distribution policy.

Conclusion

Several companies have unveiled their dividend plans for April 2024. It’s important to note that this list may not be comprehensive, as some companies might still be finalising their dividend payouts.

For investors seeking information on a specific company’s dividend, conducting independent research or consulting a financial advisor is recommended before making any investment decisions.

If you are new to the stock market, you can begin your investment path by opening a free Demat Account with Angel One today.

Disclaimer: This article has been written for educational purposes only. The securities quoted are only examples and not recommendations.