Up to 300% Dividends: 10 Stocks To Trade Ex-Dividend On November 20; 3 Benefits Of Investing!

A total of 10 stocks will trade ex-dividend on November 20th for dividend payout ranging from as low as Rs 0.15 to a maximum of Rs 15.34 per share. These stocks belong to diverse segments such as pharma, defence, sugar, and retail among others. Investors will have a wide option to trade as these stocks are divided into all-three baskets large-cap, smallcaps and midcaps.

These are Anupam Rasayan India, Aurobindo Pharma, Balrampur Chini Mills, Bella Casa Fashion & Retail, Cochin Shipyard, Dolat Algotech, GMM PFAUDLER, G M Polyplast, Kaveri Seed Company, Mazagon Dock Shipbuilders. he ex-dividend date is the day when the price of the equity share of the listed company gets adjusted for the dividend payout.

These stocks have announced their interim dividends for the financial year 2023-24.

Here are the details of the dividend stocks:

1. Aurobindo Pharma: To pay an interim dividend of Rs 3 per share or 300% in percentage.

2. Balrampur Chini Mills: Just like Aurobindo, this company will also pay a 300% dividend amounting to Rs 3 per share.

3. Anupam Rasayan India: This stock is set to pay up to a 5% interim dividend aggregating to Rs 0.5 per share.

4. Bella Casa Fashion & Retail: About 8% dividend is announced. In value terms, the payout will be Rs 0.80 per share.

5. Cochin Shipyard: This shipping company has declared an 80% interim dividend amounting to Rs 8 per share.

6. Dolat Algotech: The company will pay a 15% interim dividend valued at Rs 0.15 per share.

7. GMM Pfaudler: The company will pay a 50% interim dividend amounting to Rs 1 per share.

8. G M Polyplast: Shareholders of this BSE-listed company will get up to 15% dividend or Rs 0.5 per share.

9. Kaveri Seed Company: This company will pay a massive 250% dividend aggregating to Rs 5 per share.

10. Mazagon Dock Shipbuilders: This is among the best-performing defence stocks in 2023. Mazagon Dock has approved the declaration of an interim dividend of 153% amounting to Rs 15.34 per share

What are the benefits of investing in dividend stocks?

According to ICICI Direct's blog, when planning to invest in the stock market, you consider the potential returns generated by a stock. You aim to profit from the increase in the market value of the stocks you hold. However, appreciation in stock prices is not the only source of profits in the market. Investors should also pay attention to the stock's dividend offering. It is essential to understand the concept of dividends and dividend stocks to build a successful portfolio.

There are 3 benefits that the brokerage has highlighted for investing in dividend stocks. These are:

1. Stock price appreciation: When a company declares dividends, more investors tend to purchase its stocks thereby creating a huge demand for the stock in the market and ultimately resulting in a surge in stock price.

2. Source of passive income: Profitable companies generally distribute dividends to shareholders periodically. Hence, dividend stocks are an additional source of income for shareholders as they consistently get dividends. These regular dividend payments can be seen as interest received on fixed-income securities.

3. Reinvest the dividend payments: If you do not wish to utilise your dividend payments, you can always choose to reinvest them. You can invest the money in stocks or any other financial instrument of your choice. This gives you a chance to maximise your investment earnings.

In conclusion, the brokerage's blog said, investors looking for a steady stream of income can find dividend stocks attractive investment options. Dividends are a great way to supplement income, build wealth, and grow a portfolio. It is essential to explore the market conditions, consider various aspects, do your research and select the right stocks for investment to maximise your returns.