Upcoming Dividend Stocks in October 2024

22 Oct Upcoming Dividend Stocks in October 2024

By the October of 2024, there are several companies listed in the Indian stock market that will likely pay their shareholders an interim dividend. Dividend returns are one of the greatest important factors to long term investors especially due to the steady income they provide. Here below, we provide some dividends frequent companies based on the CashCompounds.com which is a source that is rich in giving an idea about dividend stocks.

1. Tips Music Ltd

• Ex-Date: 24th October 2024
• Record Date: 24th October 2024
• Dividend: ₹2.00
• Closing Price: ₹773.80 per share
• Summary: This is through unique entertainment industries’ company; Tips Music Ltd which has been providing its investors with consistent dividend. There is a proposal to retain only ₹1.00 between the company and its shareholders and shareholders can recall a future dividend of a ₹2.00 on their share.

2. Allcargo Logistics Ltd

• Ex-Date: 25th October 2024
• Record Date: 26th October 2024
• Dividend: ₹1.10
• Closing Price: ₹59.70 per share
• Summary: The company involved in global transportation services, this logistics major come with ₹1.10 dividend. At a relatively lower share price, the stock can be considered ideal for those investors interested in dividend yields.

3. DB Corp Ltd

• Ex-Date: 25th October 2024
• Record Date: 25th October 2024
• Dividend: ₹5.00
• Closing Price: ₹333.90 per share
• Summary: DB Corp, one of India’s largest media organizations, is paying ₹5.00 in dividend. It may interest investors seeking that stock with involvement in the media sector as well as having daily returns.

4. Wealth First Portfolio

• Ex-Date: 25th October 2024
• Record Date: 25th October 2024
• Dividend: ₹8.00
• Closing Price: ₹1531.00 per share
• Summary: This service costs somewhat more with a share price of Rs 1762 and comes with a delectable of Rs 8.00 per portfolio. It remains a preferred company for investors who are interested in financial management and advisory orientated firm.

5. L&T Technology Services Ltd

• Ex-Date: 25th October 2024
• Record Date: 25th October 2024
• Dividend: ₹17.00
• Closing Price: ₹5255.80 per share
• Summary: L&T Technology Services is a leading engineering services provider. With a robust ₹17.00 dividend, it appeals to those who seek exposure to high-growth sectors like engineering and R&D.

6. LTIMindtree Ltd

• Ex-Date: 25th October 2024
• Record Date: 25th October 2024
• Dividend: ₹20.00
• Closing Price: ₹5943.10 per share
• Summary: A major player in IT and digital transformation, LTIMindtree offers one of the highest dividends on the list at ₹20.00. Its share price and dividend payout make it an attractive choice for tech-savvy investors.

7. ICICI Lombard General Insurance

• Ex-Date: 28th October 2024
• Record Date: 28th October 2024
• Dividend: ₹5.50
• Closing Price: ₹2024.35 per share
• Summary: One of India’s leading general insurance companies, ICICI Lombard rewards its investors with a ₹5.50 dividend. The insurance sector remains a vital pillar in many portfolios for risk management and income generation.

8. Elecon Engineering Co

• Ex-Date: 28th October 2024
• Record Date: 28th October 2024
• Dividend: ₹2.00
• Closing Price: ₹594.50 per share
• Summary: Known for its engineering expertise, Elecon Engineering is distributing a ₹2.00 dividend. The company’s strong presence in industrial sectors makes it a consistent performer in dividend payouts.

9. KSolves India Ltd

• Ex-Date: 28th October 2024
• Record Date: 28th October 2024
• Dividend: ₹10.00
• Closing Price: ₹984.70 per share
• Summary: With a strong focus on IT solutions, KSolves India Ltd continues to provide value to its shareholders, offering a ₹10.00 dividend. Its solid standing in IT makes it an attractive dividend-paying stock.

10. Infosys Ltd

• Ex-Date: 29th October 2024
• Record Date: 29th October 2024
• Dividend: ₹21.00
• Closing Price: ₹1852.75 per share
• Summary: Infosys, a global leader in technology services, offers one of the highest dividends in the market, at ₹21.00. Known for its consistent growth and stable returns, it remains a blue-chip favorite for long-term investors.

11. CRISIL Ltd

• Ex-Date: 30th October 2024
• Record Date: 30th October 2024
• Dividend: ₹15.00
• Closing Price: ₹4896.60 per share
• Summary: CRISIL, a top credit rating and research company, offers a substantial ₹15.00 dividend. Investors seeking exposure to financial analytics and credit services may find this stock attractive for both growth and income.

Conclusion:

Altogether, these dividend-paying stocks allow investors to have a regular passive income and everyone can take stock in it as we are entering the final week of October 2024. The expected dividends of companies in technology, logistics, media and financial services industries bear testimony to the growth prospects as well as the corporate annuity to shareholders.

As for long term investors more focused on stable income generation it might be time to begin reviewing portfolio and exploring options for reinvestment. Bear in mind that dividend allows for income to be accrued in case of market fluctuations while encouraging company growth due to compounding of profit.

Disclaimer: As always, this is not an invitation to make decisions regarding your funds but rather a suggestion to use this information as the basis for your own research or to talk to a professional, because as with most stock investments, there are risks involved.