5 Stocks Declaring Big Dividends in March 2023

The current market volatility has left investors baffled. It's becoming difficult to identify the best profit making opportunities.

That is why the current volatile stock market environment is a great time to get into some high quality dividend stocks.

Last month, we wrote to you about the five companies which were going to pay out dividends in March 2023.

Let's take a look at five more such stocks that are paying dividends this month.

#1 Marico

First on the list is Marico.

Marico is one of the top five FMCG companies in India by growth. The company deals in a diverse range of products, including haircare, skincare, edible oils, male grooming, and healthy foods.

Some of its brands include Parachute, Saffola, Livon, Nihar, and Beardo. The company also has market leadership in most of its product categories.

For the quarter ended 31 December 2022, Marico has declared an interim dividend of 450% amounting to Rs 4.5 per share. The company has fixed 08 March 2023 as the record date.

Since 1997, Marico has paid 17 dividends in total.

Over the last 5 years, the company has paid an average dividend of 650% amounting to Rs 6 per share.

The company's dividend payout ratio for the financial year 2021-22 stood at 95.3%. The 5-year average dividend payout stands at 76%.

Marico Dividend History (2018-2022)

Year	2018	2019	2020	2021	2022
Dividend per share (Rs)	4.2	4.7	6.7	7.5	9.3
Dividend payout ratio (%)	66.3	54.2	83.6	80.6	95.3
Dividend Yield (%)	1.3	1.4	2.5	1.8	1.8

Source: Equitymaster

To know more about the company, check out its factsheet and latest quarterly results.

#2 Mahickra Chemicals

Mahickra Chemicals produces and distributes chemical products. The company offers reactive, acid, and direct dyes, as well as pigment powders, emulsions, synthetic food colors, and specialty chemicals. Mahickra Chemicals markets its products in India.

For the quarter ended 31 December 2022, Mahickra Chemicals has declared an interim dividend of 6.5% amounting to Rs 0.4 per share. The company has fixed 03 March 2023 as the record date.

The chemical company's dividend journey began during the pandemic. Since 2020, Mahickra Chemicals has paid 3 dividends in total.

The company's dividend payout ratio for the financial year 2021-22 stood at 15.8%. The 5-year average dividend payout stands at 5.83%.

Mahickra Chemicals Dividend History (2018-2022)

Year	2020	2021	2022
Dividend per share (Rs)	0.3	0.2	0.7
Dividend payout ratio (%)	8.1	5.2	15.8
Dividend Yield (%)	0.4	0.2	0.8

Source: Equitymaster

To know more about the company, check out its factsheet.

#3 Ksolves India

With a presence in over 12 countries, Ksolves India provides services to all kinds of businesses, right from start-ups to small-sized, and mid-sized companies.

Ksolves India is an expert in Apache Spark, Apache Cassandra, Apache NiFi, Salesforce, Machine Learning, Artificial Intelligence, OpenShift, Microservices, Penetration Testing, DevOps, etc.

For the quarter ended 31 December 2022, Ksolves India has declared an interim dividend of 30% amounting to Rs 3 per share. The company has fixed 04 March 2023 as the record date.

Since 2021, Ksolves India has paid 6 dividends in total.

Over the last 2 years, the company has paid an average dividend of 152% amounting to Rs 22.8 per share.

The company's dividend payout ratio for the financial year 2021-22 stood at 43.3%. The 5-year average dividend payout stands at 36.6%.

Ksolves India Dividend History (2018-2022)

Year	2021	2022
Dividend per share (Rs)	5.0	5.8
Dividend payout ratio (%)	66.3	43.3
Dividend Yield (%)	5.7	1.6

Source: Equitymaster

To know more about the company, check out its factsheet and latest quarterly results.

#4 SRU Steels

SRU Steels was incorporated on 11 September 1995. The main business of the company is to trade in various types of steels such as stainless steels carbon iron steel mild steels and acting as consignment agent etc. It is mainly operative in cities like Haryana and Ahmedabad.

For the quarter ended 31 December 2022, SRU Steels has declared an interim dividend. The company has fixed 20 March 2023 as the record date.

This is the first time the steel company is paying out a dividend.

To know more about the company, check out its factsheet and latest quarterly results.

#5 Taparia Tools

The company is mainly engaged in manufacturing forged articles of iron and steel forgings and traded hand tools, motor vehicle parts at its factory located at MIDC Satpur Nashik.

For the quarter ended 31 December 2022, Taparia Tools has declared an interim. The company has fixed 16 March 2023 as the record date.

Since 2021, company has paid 3 dividends.

To know more about the company, check out its factsheet and latest quarterly results.

Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. Learn more about our recommendation services here...