Top Dividend Stocks to Watch This Week: Hero MotoCorp, 3M India, LIC, and More
In the world of Indian stocks, dividend-paying companies are always a hot topic of discussion. Investors often look for companies that consistently pay dividends, as it can be a great way to generate passive income. This week, several Indian companies are set to announce their dividend payments, and in this article, we’ll take a closer look at the top dividend stocks to watch.
Why Should You Care About Dividend Stocks?
Dividend stocks can be a great addition to your investment portfolio, especially in a volatile market. Here’s why:
- They provide a regular income stream: Dividend stocks can provide a steady stream of income, which can be attractive for income-focused investors.
- They offer a hedge against inflation: Dividend stocks can help protect your purchasing power against inflation, as the dividend payments can increase over time to keep pace with rising prices.
- They can be less volatile: Dividend stocks tend to be less volatile than non-dividend-paying stocks, as the dividend payments can provide a buffer against market fluctuations.
The Top Dividend Stocks to Watch This Week
Here are some of the top dividend stocks to watch this week:
Hero MotoCorp Ltd.
Hero MotoCorp, one of India’s largest two-wheeler manufacturers, has recommended a final dividend of Rs 65 per equity share for the financial year 2025. The record date to determine the eligible shareholder is set for July 18.
Shares of the company closed 0.96% lower at Rs 4,401 apiece, compared to 0.57% decline at the NSE Nifty 50 on Friday.
3M India Ltd.
3M India, a leading multinational conglomerate, has recommended a final dividend of Rs 160 and a special dividend of Rs 375 per equity share for the financial year 2025. The record date to determine the eligible shareholder is set for July 25.
Shares of the company closed 0.38% lower at Rs 29,900 apiece, compared to 0.57% decline at the NSE Nifty 50 on Friday.
Life Insurance Corp. (LIC)
LIC, one of India’s largest insurance companies, has announced an interim dividend of Rs 12 per equity share for the first quarter of fiscal 2026. The company will shell out Rs 7,590 crore in dividend payments under the plan.
The board has fixed July 25 as the record date for the purpose of dividend payment, the company said in an exchange filing on Thursday.
Shares of the company closed 0.51% lower at Rs 923.50 apiece, compared to 0.57% decline at the NSE Nifty 50 on Friday.
Divi’s Laboratories Ltd.
Divi’s Laboratories, a leading pharmaceutical company, has recommended a final dividend of Rs 60 per equity share for the financial year 2025. The record date to determine the eligible shareholder is set for July 20.
Shares of the company closed 1.13% higher at Rs 4,441 apiece, compared to 0.57% decline at the NSE Nifty 50 on Friday.
What You Need to Know
Before investing in any dividend stock, it’s essential to understand the following:
- Record date: This is the date that determines the eligible shareholder for dividend payments.
- Ex-dividend date: This is the date when the share price adjusts to reflect the upcoming dividend payment.
- Dividend yield: This is the ratio of the annual dividend payment to the stock’s current price.
Conclusion
In conclusion, dividend stocks can be a great way to generate passive income and provide a hedge against inflation. This week, several Indian companies are set to announce their dividend payments, and investors should take note of the record dates and ex-dividend dates to ensure they are eligible for the dividend payments. Remember to do your research and understand the dividend yield and other important factors before investing in any dividend stock.
