3 Stocks To Buy That Paid Good Dividends In 2022, Ideal Stocks Picks For 2023

It's been a good year for the stock markets in 2022 and as we head in 2023, it is good to buy into stocks that offer good dividend yields. Here are 3 stocks that can consistently pay good dividend in 2023 and beyond.

Oracle Financial Services

IT stocks have slumped in the last few quarters, thanks to fears of impending recession. This has also led to some fall in the stock price of Oracle Financial Services as well. However, at the current levels the stock has turned very attractive for its dividend yields. For the year ending March 2022 the company declared a dividend of Rs 190 per share. At the current share price of Rs 3025 this results in a dividend yield of 6.28%. Now for investors to be able to really consider buying dividend stocks, one important factor is whether the company in question would be able to maintain the same dividend. We do not see Oracle Financial Services really reducing its dividend in FY 2022-23. Apart from this the company's stock has fallen substantially over the last 1-week.

HUDCO

The stock of HUDCO has rallied sharply like most other shares from the government banking space. For the year ending March 2022, Housing & Urban Development Corporation, also known as HUDCO, declared a dividend of 35.00% amounting to Rs 3.5 per share. At the current share price of Rs 54.45 this results in a dividend yield of 6.42%. HUDCO provides loans for large infrastructure projects like has construction of roads and other transportation sectors which includes construction of Airport, Railways, Ports, Metro Rails etc. We do not believe that HUDCO would reduce the dividends as given in the past. The business of the company is rather robust and the possibility of maintaining the dividends is more probably.

Coal India

This is another stock, which if you buy at the current levels, should give you that steady dividends ranging from 7% to 8% over the next few years. The company has a virtual monopoly business and is one of the top mining companies in the world. The business prospects of the company are quite robust in that sense. Coal prices continue to remain elevated and Coal India has been consistently paying dividends for decades now. This is one company where the dividends are very much assured. Buy the stock if you are looking for regular dividends, though it is hard to say if capital appreciation would happen.

 

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