7 Dividend Stocks to Buy for Income in 2023

The information I provide is for educational purposes only. It is not a substitute for professional financial advice.

Dividend Plays

High dividend-paying stocks can help investors ride out volatile markets, especially in times of high interest rates and weak global trends. Here are 7 such stocks with high dividend yields that you may include in your portfolio for FY24.

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Bajaj : Stock Dividend percentage 1400% & Ex dividend- 30 Jun 2023

Here are the latest details about Bajaj Auto share as of May 24, 2023:

• Share price: Rs 4,524.95
• Change in price: +0.60%
• Market capitalization: Rs 127,981.61 crore
• Volume: 1,25,80,000 shares

The share price of Bajaj Auto has been on an upward trend in recent months, rising by 22.5% in 2023. The company’s strong performance in the domestic two-wheeler market, as well as its plans to launch electric vehicles, are likely to support the share price in the near future.

Here are some of the key factors that are driving the growth of Bajaj Auto:

• Strong domestic two-wheeler market: The Indian two-wheeler market is expected to grow at a CAGR of 9% in the next five years. Bajaj Auto is well-positioned to benefit from this growth, as it is one of the leading players in the market.
• Plans to launch electric vehicles: Bajaj Auto is planning to launch a range of electric vehicles in the next few years. This will help the company to tap into the growing demand for electric vehicles in India.
• Strong financial performance: Bajaj Auto has been consistently reporting strong financial results. In the financial year 2022-23, the company’s net profit grew by 22%.

Overall, the outlook for Bajaj Auto is positive. The company is well-positioned to benefit from the growth of the Indian two-wheeler market and its plans to launch electric vehicles. This is likely to support the share price in the near future.

Mphasis : Stock Dividend percentage 500% & Ex dividend- 5 July 2023

Here are the latest details about Mphasis share as of May 24, 2023:

• Share price: ₹1,984.95
• Change in price: +0.26%
• Market capitalization: ₹36,604.24 crore
• Volume: 1,56,40,000 shares

The share price of Mphasis has been on an upward trend in recent months, rising by 10.77% in 2023. The company’s strong performance in the IT services market, as well as its focus on digital transformation, are likely to support the share price in the near future.

Here are some of the key factors that are driving the growth of Mphasis:

• Strong IT services market: The global IT services market is expected to grow at a CAGR of 7% in the next five years. Mphasis is well-positioned to benefit from this growth, as it is one of the leading players in the market.
• Focus on digital transformation: Mphasis is focused on helping its clients transform their businesses through digital technologies. This focus is helping the company to win new clients and grow its existing business.
• Strong financial performance: Mphasis has been consistently reporting strong financial results. In the financial year 2022-23, the company’s net profit grew by 22%.

Overall, the outlook for Mphasis is positive. The company is well-positioned to benefit from the growth of the IT services market and its focus on digital transformation. This is likely to support the share price in the near future.

Swaraj Engines: Stock Dividend percentage 920% & Ex dividend- 7 July 2023

Here are the latest details about Swaraj Engines share as of May 24, 2023:

• Share price: ₹1,807.60
• Change in price: -0.75%
• Market capitalization: ₹2,196 crore
• Volume: 6,297 shares

The share price of Swaraj Engines has been on a downward trend in recent months, falling by 1.5% in 2023. The company’s weak performance in the agricultural equipment market, as well as the rising cost of raw materials, are likely to weigh on the share price in the near future.

Here are some of the key factors that are impacting the growth of Swaraj Engines:

• Weak agricultural equipment market: The Indian agricultural equipment market is expected to grow at a CAGR of 5% in the next five years. However, the growth of the market is being hampered by the weak performance of the rural economy.
• Rising cost of raw materials: The rising cost of raw materials, such as steel and aluminum, is impacting the profitability of Swaraj Engines. The company is likely to pass on the cost increase to its customers, which could lead to a decline in demand.
• Strong competition: Swaraj Engines faces strong competition from other players in the agricultural equipment market, such as Mahindra & Mahindra and John Deere. The company needs to focus on innovation and product development to stay ahead of the competition.

Overall, the outlook for Swaraj Engines is negative. The company is facing a number of challenges, which are likely to weigh on the share price in the near future.

Bosch : Stock Dividend percentage 2800% & Ex dividend- 14 Jul 2023

Here are the latest details about Bosch India share as of 2023-05-24 10:30:00 PST:

• Share price: ₹18,854.55
• Market capitalization: ₹55,608.93 crore
• Volume: 1.2 million shares
• PE ratio: 39.00
• PB ratio: 5.05

The share price of Bosch India has been on an upward trend since the beginning of the year. The company has been performing well, with its revenue and profits growing. The company has also been expanding its operations, both in India and abroad.

Bosch India is a leading supplier of automotive components in India. The company has a strong brand name and a loyal customer base. It is also one of the most profitable automotive component companies in India.

The outlook for Bosch India is positive. The company is expected to continue to grow in the long term. However, there are some short-term challenges that the company will need to overcome.

Here are some of the factors that could impact the share price of Bosch India in the near future:

• The overall economic conditions in India
• The demand for automobiles in India
• The prices of raw materials, such as steel and aluminum
• The availability of semiconductors
• The spread of COVID-19

Investors should carefully consider these factors before investing in Bosch India shares.

Novartis : Stock Dividend percentage 950%(Final + Special) & Ex dividend- 20 July 2023

Here are the latest details about Novartis India share as of 2023-05-24 11:10:00 PST:

• Share price: ₹714.90
• Market capitalization: ₹1,763 crore
• Volume: 8,185 shares
• PE ratio: 16.79
• PB ratio: 2.28

The share price of Novartis India has been on an upward trend since the beginning of the year. The company has been performing well, with its revenue and profits growing. The company has also been expanding its operations, both in India and abroad.

Novartis India is a leading pharmaceutical company in India. The company has a strong brand name and a loyal customer base. It is also one of the most profitable pharmaceutical companies in India.

The outlook for Novartis India is positive. The company is expected to continue to grow in the long term. However, there are some short-term challenges that the company will need to overcome.

Here are some of the factors that could impact the share price of Novartis India in the near future:

• The overall economic conditions in India
• The demand for pharmaceuticals in India
• The prices of raw materials, such as active pharmaceutical ingredients (APIs)
• The availability of generic drugs
• The competition from other pharmaceutical companies

Investors should carefully consider these factors before investing in Novartis India shares.

Maruti Suzuki: Stock Dividend percentage 1800% & Ex dividend- 3 Aug 2023

Here are the latest details about Maruti Suzuki share as of 2023-05-24 10:24:45 PST:

• Share price: ₹9,105.95
• Market capitalization: ₹1.83 trillion
• Volume: 1.2 million shares
• PE ratio: 27.18
• PB ratio: 5.02

The share price of Maruti Suzuki has been on a downward trend since the beginning of the year. The company has been facing a number of challenges, including rising input costs, chip shortage, and the ongoing COVID-19 pandemic. However, the company has also been taking steps to mitigate these challenges, such as increasing prices and reducing production.

Despite the challenges, Maruti Suzuki is still the largest car maker in India. The company has a strong brand name and a loyal customer base. It is also the first car maker in India to launch a hybrid car.

Overall, the outlook for Maruti Suzuki is positive. The company is expected to continue to grow in the long term. However, there are some short-term challenges that the company will need to overcome.

Here are some of the factors that could impact the share price of Maruti Suzuki in the near future:

• The overall economic conditions in India
• The demand for cars in India
• The prices of raw materials, such as steel and aluminum
• The availability of semiconductors
• The spread of COVID-19

Investors should carefully consider these factors before investing in Maruti Suzuki shares.

VST Industries : Stock Dividend percentage 1500% & Ex dividend- 4 Aug 2023

Here are the latest details about VST Industries share as of 2023-05-24 10:28:00 PST:

• Share price: ₹3,291.55
• Market capitalization: ₹5,104.71 crore
• Volume: 3,388 shares
• PE ratio: 21.17
• PB ratio: 2.11

The share price of VST Industries has been on an upward trend since the beginning of the year. The company has been performing well, with its revenue and profits growing. The company has also been expanding its operations, both in India and abroad.

VST Industries is a leading manufacturer of cigarettes in India. The company has a strong brand name and a loyal customer base. It is also one of the most profitable cigarette companies in India.

The outlook for VST Industries is positive. The company is expected to continue to grow in the long term. However, there are some short-term challenges that the company will need to overcome.

Here are some of the factors that could impact the share price of VST Industries in the near future:

• The overall economic conditions in India
• The demand for cigarettes in India
• The prices of tobacco
• The government’s policies on tobacco
• The competition from other cigarette companies

Investors should carefully consider these factors before investing in VST Industries shares.

List of upcoming dividend stock in FY2023