Which Indian Shares Pay Dividends November Monthly In 2024?

Which companies are paying dividends in November 2024?

In November 2024, several companies in India are scheduled to pay dividends, providing investors with opportunities for income. Below is a comprehensive list of these companies, along with their respective dividend details.

Companies Paying Dividends in November 2024

Key Dividend Announcements

• November 8, 2024

  • Computer Age Management Services (CAMS)
    • Dividend Type: Interim
    • Amount: ₹14.50 + Special Dividend ₹10.50
  • Dabur India
    • Dividend Type: Interim
    • Amount: ₹2.75
  • REC Ltd
    • Dividend Type: Interim
    • Amount: ₹4
  • Dr Agarwal’s Eye Hospital
    • Dividend Type: Interim
    • Amount: ₹2.50
  • IRB Infrastructure Developers
    • Dividend Type: Interim
    • Amount: ₹0.10
  • Petronet LNG
    • Dividend Type: Interim
    • Amount: ₹7
  • TCI Express
    • Dividend Type: Interim
    • Amount: ₹3
  • Zee Entertainment Enterprises
    • Dividend Type: Final
    • Amount: ₹1

• November 12, 2024

  • Power Grid Corporation
    • Dividend Type: Final
    • Amount: ₹3
  • IRFC (Indian Railway Finance Corporation)
    • Dividend Type: Interim
    • Amount: ₹8

• November 14, 2024

  • Aptus Value Housing Finance
    • Dividend Type: Interim
    • Amount: ₹100
  • Oil India Ltd
    • Dividend Type: Interim
    • Amount: ₹30
  • Amara Raja Batteries
    • Dividend Type: Interim
    • Amount: ₹530
  • I R C T C (Indian Railway Catering and Tourism Corporation)
    • Dividend Type: Interim
    • Amount: ₹200
  • Container Corporation of India
    • Dividend Type: Interim
    • Amount: ₹65

• November 18, 2024

  • Emami Ltd
    • Dividend Type: Interim
    • Amount: ₹400
  • Manappuram Finance
    • Dividend Type: Interim
    • Amount: ₹50
  • Sundaram Fasteners
    • Dividend Type: Interim
    • Amount: ₹300
  • CFF Fluid Control Ltd
    • Dividend Type: Interim
    • Amount: ₹5

• November 19, 2024

  • Chambal Fertilizers & Chemicals Ltd
    • Dividend Type: Interim
    • Amount: ₹50
  • Gujarat Pipavav Port Ltd
    • Dividend Type: Interim
    • Amount: ₹40

• November 26, 2024

  • Gillette India Ltd
    • Dividend Type: Final
    • Amount: ₹450

• November 28, 2024

  • P & G Health Ltd
    • Dividend Type: Final
    • Amount: ₹600

Conclusion

This month offers a variety of dividend payments from different sectors, allowing investors to select based on their preferences for yield and company stability. The dividends can serve as a source of income or reinvestment opportunities in the stock market.

Are there any risks associated with investing in high-dividend stocks?

1. Pressure on the company’s financial status

• Risk: Companies sometimes pay a high dividend by risking their financial situation. If their income falls, dividend payments may be less or postponed.
• Example: The impact of a bearish in a sector special, such as oil and gas or metals, can be on the profitability of companies.

2. The confusion of Dividend Yield

• Risk: Many times the cause of high dividend yield may decrease in stock prices, which is a sign of the company’s poor performance.
• Example: If a stock comes to ₹100 to ₹50 and gives a dividend of ₹5, the yield will look 10%, but this would have been caused by price loss.

3. Danger of dividend cut

• Risk: During the economic crisis or the company’s poor performance, companies can close dividends less or completely.
• Example: During the COVID-19 pandemic, many companies postponed dividend payments.

4. Low growth potential

• Risk: High-dividend companies often return a huge portion of their profits to shareholders, reducing their investment in development.
• Example: Tech companies usually offer fewer dividends as they invest more in development.

5. Effect of change in interest rates

• Risk: When interest rates rise, demand for dividend shares may decrease as investors prefer fixed income options.
• Example: The increase in bond yield after increasing repo rate may affect the popularity of dividend stocks.

6. Sector-specific risk

• Risk: Many high-dividend shares are focused in a special sector, such as utility or oil and gas. If this sector is affected, dividend income may also be affected.
• Example: A decline in crude oil prices in the energy sector can impact the companies in this sector.

7. Tax-related risk

• Risk: Tax is required to be paid on dividends, which can reduce the actual returns.
• Description: In India, over ₹10 lakh dividend income is subject to 10% extra tax.

Conclusion 

Before investing in high-dividend stocks, it is necessary to analyse these risks in depth. Investors should understand the company’s financial status, management strategy, and future possibilities instead of focusing only on the dividend yield.