Upcoming Dividend Paying Stocks In October 2023

Before considering whether to invest in a company, you should analyse the dividend payment, as it is a crucial factor. Dividend-paying stocks give you an opportunity to generate consistent income from your investments.

The relationship between dividends and net earnings must be considered, too. Some of the top dividend-paying businesses are wise with their profits. While paying dividends to the shareholders is a positive act, the profit must also be wisely reinvested into the business. That way, investors can build long-term wealth via sustained growth.

In this article, let us look at some dividend stocks in October 2023

Dividend Stocks in October 2023

Caspian Corporate Services Ltd.

Caspian Corporate Services Ltd was incorporated in 2011. It is engaged in the business of providing advisory and consultancy services. The company has declared a final dividend of ₹0.05/- per equity share on the face value of  ₹1/- each on the equity share for the FY 2022-23. The record date for the dividend has been set to October 17, 2023.

Key Financials of Caspian Corporate Services Ltd

• Return on equity (ROE): 3.67%
• Return on Capital Employed (ROCE): 2.30%
• Debt to Equity Ratio (D/E): 1.67x

Brand Concepts Ltd.

Brand Concepts Ltd is involved in manufacturing bags, backpacks & fashion accessories for the Indian and international markets. The company has declared a final dividend on equity shares of ₹0.50 (5%) per share of the face value of ₹10 each for the financial year 2022-23. Brand Concepts has fixed October 19, 2023, as the record date for determining the entitlement of members to the final dividend.

Key Financials of Brand Concepts Ltd

• Return on equity (ROE): 42.7%
• Return on Capital Employed (ROCE): 32.0%
• Debt to Equity Ratio (D/E): 1.25x

Note: Data points like ROE, ROCE and D/E Ratio are as of October 09, 2023.

Conclusion

The aforementioned list includes companies that declared a final dividend payable for FY 2022-23 in October 2023. Hurry, open a Demat account with Angel One right away if you’re interested in learning more about upcoming dividends in India for 2023 and intend to engage in stock market investment or trading.

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