95% To 5000% Dividends YTD: 5 Largecap Stocks Hit New 52-Week Highs; Bajaj, Colgate, HAL, NTPC, Hero MotoCorp

While markets witnessed a volatile tone in the trading week that ended on November 24th, five high dividend-paying large-cap stocks settled the week with new 52-week highs. These were biggies like Bajaj Auto, Colgate-Palmolive, Hero MotoCorp, NTPC, and Hindustan Aeronautics (HAL). These stocks have paid dividends in the range of 95% to a whopping 5000% in 2023 so far.

NTPC:

On November 24th, NTPC shares touched a new 52-week high of Rs 256.70 apiece on BSE, before ending at Rs 253.90 apiece, up by 0.5%. Its market cap is over Rs 2.46 lakh crore. YTD, and NTPC shares gained by over 51%.

In 2023, NTPC paid a total dividend of Rs 9.50 per share or 95% to its shareholders. This total included an interim dividend of Rs 4.25 per share (42.5%) and a final dividend of Rs 3 per share (30%) for FY23 which were announced in January and May. At the latest, NTPC has interim declared Rs 2.25 per share dividends or 22.5% for FY24.

On its website, NTPC said, the company paid the First Interim dividend of Rs. 2,182 crore on 23rd November 2023 for the financial year 2023-24, being 22.50% of the paid-up equity share capital of the Company. This is the 31st consecutive year that NTPC Ltd. has paid dividends.

Meanwhile, as per Trendlyne data, NTPC has declared up to 40 dividends since February 2005. Currently, dividend yield is at 3.74%.

2. Hero MotoCorp:

This two-wheeler giant touched a new 52-week high of Rs 3,580 apiece on BSE during market hours of November 24th. The stock ended at Rs 3546.90 apiece, down by 0.61% as investors booked profits. Its market cap is nearly Rs 70,898 crore.

For FY23, Hero MotoCorp paid two dividends. Firstly, the interim dividend of Rs 65 per share or 3250%, and the final dividend of Rs 35 per share or 1750%. Overall, in the financial year 2022-23, the company paid a total of Rs 100 dividends per share or a whopping 5000%.

Hero MotoCorp is among the dividend king stocks in the auto sector, and it has declared up to 38 dividends since July 2001. At the current price level, it has a dividend yield of 2.82%. YTD, the auto stock has zoomed by over 30.5%.

3. Bajaj Auto:

Bajaj Group-backed automobile flagship company has extended its rally to touch yet another fresh 52-week high of Rs 5,958.90 apiece on November 24th. The stock ended at Rs 5,929.80 apiece, marginally up on BSE. Its market cap is nearly Rs 1.68 lakh crore.

So far in 2023, this Bajaj stock has skyrocketed nearly 64% on exchanges.

Bajaj Auto is the other dividend king stock in the auto basket. In the last 12 months, the company paid a total dividend of whopping 1400% amounting to Rs 140 per share. At the current price level, its dividend yield is at 2.36%.

The company has declared 17 dividends since June 2008.

4. Colgate Palm-Olive:

This FMGC giant touched a new 52-week high of Rs 2,203.50 apiece on BSE during trading hours of November 24th. The stock ended at Rs 2,195.70 apiece, marginally up from the previous close. Its market cap is nearly Rs 59,720 crore.

In 2023, Colgate paid a whopping 4300% dividends aggregating to Rs 43 per share. The latest dividend payout was the first interim dividend of Rs 22 per share or 2200% for FY24, and the stock turned ex-dividend on November 6th. However, the company also paid a second interim dividend of Rs 21 per share or 2100% for FY23, for which it turned ex-dividend on May 19. In FY23, a total 3900% dividend was paid aggregating to Rs 39 per share which includes the first interim dividend of Rs 18 per share or 1800% that was paid last year.

Since June 2001, Colgate has declared up to 61 dividends. At the current market price, its dividend yield is at 1.96%. YTD, Colgate shares soared nearly 44%.

5. Hindustan Aeronautics (HAL):

Last week on Friday, HAL shares hit a new 52-week high of Rs 2,250 apiece before ending at Rs 2,241.95 apiece, up by 4.40% on BSE with a market cap of nearly Rs 1.5 lakh crore. YTD and HAL shares have rallied by nearly 77%.

In 2023, HAL declared up to Rs 35 dividend per share or 350% for shareholders. For FY23, it paid the second and third interim dividends of Rs 20 per share and Rs 15 per share, for which the share price turned ex-dividend on March 23 and August 24 respectively. The first interim dividend of Rs 20 per share or 200% was paid last year for the same fiscal.

Since March 2019, HAL declared a total of 10 dividends. Its dividend yield is at 0.78% after adjusting bonus issues and stock splits.