D. Muthukrishnan Says Nothing Like Dividend Income: Here's A Look At Stocks That Created Buzz

Chennai-based Certified Financial Planner D. Muthukrishnan took to Twitter on Tuesday to express his favourable opinion on dividend-yielding stocks. Muthukrishnan who has over 4.8 lakh followers on the social media platform said that “there is nothing like it if dividend income from our portfolio can take care of our lifestyle.” However, he added that achieving this is difficult.

His tweet comes as the ‘dividend season’ is nearing its end. So, keeping that in mind, we bring you a list of five stocks that created buzz with their dividend announcement this season.

Sanofi India

The healthcare company was the latest stock to announce dividend payments. The company announced a total dividend payout of ₹377/share last week which included a final dividend of ₹194/share and a special dividend of ₹183/share. The announcements coupled with the company’s healthy Q3 numbers helped the stock surge around 10% in the last five days.

Nestle

The FMCG company announced a final dividend of ₹75/share earlier this month. The record date for the dividend is set for April 21. The company’s stock saw a brief jump on the announcement but was back in the red as Q3 print failed to cheer up analysts.

ITC

The cigarettes to hotels giant announced an interim dividend of ₹6/share on Feb. 3. The record date set for the payout was Feb.15. The payouts will be made by March 10. The stock has had a great month at bourses as it jumped close to 7% this month and also touched a new 52-week high.

Apollo Hospitals

The company announced an interim dividend of ₹6/share in mid-February. The record date for the dividend payment was fixed as Feb. 24. The company said that dividend payments would be made by March 10. The company’s shares saw a brief spurt on the announcement even as the company missed Q3 estimates. The shares of the company are down close to 3% in the last five sessions, however, analysts remain positive on the stock.

MRF

The country’s most expensive stock which is currently trading at around ₹85,000 also announced an interim dividend payout of ₹3/share earlier this month. The announcement created a lot of buzz on social media as netizens made the most of the announcement through memes. The company has announced a total of ₹450 dividends in the last five years.

Price Action: Here is how the stocks traded in the late hours of trading on Monday.

Sanofi shares were down around 0.67% to ₹5,823.05.

Nestle was down 0.64% to trade at ₹18,507.

Apollo Hospital shares slumped 1.21% to ₹4,385.00.

ITC shares were down 1.36% at ₹376.95.

MRF shares traded 0.11% higher at ₹85,180.80.

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