3 Stocks To Buy In Oct For Solid Dividends From 115% To 650%

Markets have thrown-up good opportunities for investors to look at dividends, given that shares have fallen all over again. The Sensex which had crossed the 60,000 points mark, is back in the 57,000 levels. Here are 3 stocks that you can buy for their good dividends.

Procter and Gamble Health

The company has declared a good dividend of Rs 115%. The shares of the company goes ex-dividend on November 15, 2022. The stock was last trading at Rs 4090 on the National Stock Exchange. The shares of the company have hit a 52-week high of Rs 5850 and a 52-week low of Rs 3900. At the current market price, the shares are trading more towards the lower side, thus also offering an opportunities for an upside.

Gillette India

This one of the top players in the personal care segment and has a leading brand in the form of Gillette. The board of the company on Aug 22 announced the dividend of 360%. The stock of the company goes ex dividend on November 10. The stock has been falling for the last few sessions and currently trades at Rs 5172. The stock has hit a 52-week high of Rs 5957 and the stock has hit a low of Rs 4751. Gillette India Ltd was formerly known as Indian Shaving Products Ltd. The company has been paying regular dividends for many years now.

Procter and Gamble Hygiene

This company has also declared a very good dividend this year. Procter and Gamble Hygiene's board which met on Aug 23rd have declared a dividend of a whopping 650%. The stock of the company goes ex dividend on November 4th. The shares of Procter and Gamble Hygiene have hit a 52-week high of Rs 16,466.40 on the Bombay Stock Exchange. On the other hand the shares have hit a low of Rs 12755 on the same exchange. The stock currently trades at Rs 13878 on the BSE.

Markets are volatile

While we have suggested good dividend stocks to buy to receive dividends later this year, it is important for investors to realize that the markets are extremely volatile at this juncture on account of rising interest rates. Therefore, one must be careful before investing. In the case of some companies performance could be impacted by inflationary pressures as also by rising interest rates. All of the global markets have been seeing a sharp fall in the last few weeks. Therefore, it is advisable to invest with caution.