Dividend Paying Stocks: 5 Stocks To Pay Dividend In Feb, Buy For Return Up To 52%

5 quality stocks have already fixed record date for interim dividend. These stocks are Vedanta Ltd, Aarti Drugs Ltd, Nicco Parks & Resorts Ltd, HIL Ltd, and Accelya Solutions India. Some of these stocks have received buy rating from leading brokerages and if you buy the ones that have received buy call, you can get maximum 52% return. Check details pertaining to these dividend paying stocks:

1. HIL Ltd

The company has revised its record date for payment of interim dividend which is now February 8, 2023. Earlier, HIL Ltd declared interim dividend of Rs. 20/- per equity share of Rs. 10/- each (i.e. 200%) for the financial year 2022-23.

Current market price of HIL Ltd is Rs 2408.65 apiece with intraday decline of 3.94%. Leading brokerage firm Anand Rathi, in its late November 2022 report, has recommended investors to buy the stock with a target price of Rs 3657 apiece. If you buy HIL Ltd now, you will get potential 52% return.

According to Anand Rathi, "We expect revenue and EBITDA to clock 6% and 7% CAGRs respectively over FY22-25. We maintain our Buy rating on inexpensive valuations with a lower target price of Rs.3,657 (Rs.4,794 earlier)."

HIL Ltd has a market capitalisation of Rs 1815 crore. The small cap Building Materials sector stock declined 43% in last 1-year, gave a return of 67% in last 3-years, and 33% return in last 5-years.

2. Aarti Drugs Ltd

The company has also fixed record date for interim dividend. According the regulatory filing, "We wish to inform you that the Board of Directors of the Company at its Meeting held on Friday, January 27, 2023, has declared the Interim Dividend of Re. 1/- (Rupee One) (@10%) per Equity share of Rs. 10/- each for the financial year 2022-23."

Brokerage firm Axis Direct, in its October 30 report, has assigned buy call to Aarti Drugs with a target price of Rs 545 apiece. Last trading price of Aarti Drugs is Rs 410.55 apiece with an intraday surge of 1.10%. If you buy Aarti Drugs now, you will potentially get a return of 33%.

The stock's 52-week high is Rs 537.40 apiece and 52-week low is Rs 378.40 apiece, respectively. It has a market capitalisation of Rs 3801.69 crore. The small cap Pharmaceuticals sector stock has declined 18% in last 1-year and gave a return 165% in last 3-years.

According to Axis Direct, "API demand has started to pick up as inventories of large formulation players have corrected which was full during the covid period plus raw prices of base chemicals has started to correct. Freight prices are also showing corrections in the last three months. Therefore, Aarti Drugs could be benefitted in upcoming quarters, we upgrade to BUY on Aarti Drugs with Target Price of Rs 545."

3. Accelya Solutions India

The board of directors of the company said in the BSE filing, "We wish to inform you that the Board of Directors at its meeting held today, has declared an interim dividend of Rs. 35 per share.

As informed earlier, the record date for the purpose of interim dividend is Tuesday, 2 nd February, 2023.

Last trading price of the stock is Rs 1398.80 apiece with intraday dip of 3.48%. The stock's 52-week high is Rs 1749.95 apiece and 52-week low is Rs 832.00 apiece, respectively. It has a market capitalisation of Rs 2087.89 crore.

The IT software sector stock rallied 15% in last 3-months and 35% in last 1-years. The small cap stock operates in IT software sector.

4. Vedanta Ltd

The large cap stock has already fixed February 4, 2023 as the record date for interim dividend of Rs 12.50 per share of Re 1 each for financial year 2023. Last trading price of Vedanta Ltd is Rs 319.85 apiece with intraday fall of 1.96%.

The stock's 52-week high is Rs 440.75 apiece and 52-week low is Rs 206.10 apiece, respectively. The large cap diversified sector stock has a market capitalisation of Rs 1,18,894.53 crore.

The stock rallied 10% in last 3-months, declined over 2% in last 1-year, and soared 114% in last 3-years.

5. Nicco Parks & Resorts Ltd

The company has fixed February 24, 2023 as the record date for interim dividend for FY 2023.

It has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/02/2023 to consider a proposal for declaration of 'Interim Dividend'. In the event of Interim dividend if declared by the Board, the record date pursuant to Regulations 42 of the SEBI Regulations will be Friday, February 24, 2023.

The last trading price of the stock is Rs 107.40 apiece with an intraday fall of 1.87%. The stock's 52-week high is Rs 133.40 apiece and 52-week low is Rs 46.35 apiece, respectively. The company has a market capitalisation 502.63 crore.

The stock gave 60% return in last 6-months, and 93% return in last 1-year, and 230% return in last 3-years. The small cap company operates in Tourism & Hospitality sector.

Disclaimer

The stocks have been picked from the brokerage report of Anand Rathi and Axis Direct. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.