Synopsis: The shares of nine companies will turn ex-dividend tomorrow. Investors must buy the stocks before today’s market close to be eligible for the announced dividend payouts.
Nine companies are set to trade ex-dividend tomorrow, making today the last trading session for investors to buy their shares and qualify for the announced final dividend payouts. Once a stock turns ex-dividend, new buyers are no longer eligible to receive the declared dividend.
The list includes companies from sectors such as FMCG, banking, pharmaceuticals, metals, cement, tyres, logistics, terminals, and networking products. The announced payouts range from 2 percent to 1,375 percent of face value, with one company declaring the highest dividend in the group. Here are the stocks that are going ex-dividend tomorrow
Nestle India Ltd
With a market capitalization of Rs 2,84,426 crore, the share of the company is currently trading at Rs 1,475 per share, up by 1.76 percent from the previous close. Nestle India Ltd is issuing a final dividend of Rs. 7 per equity share (includes Rs 2 special dividend and Rs 5 final dividend), representing a 700 percent payout over the face value of Rs. 1 per share. The company has a dividend yield of 0.83 percent and a dividend payout of 65.3 percent.
Dr Reddys Laboratories Ltd
With a market capitalization of Rs 1,06,738 crore, the share of the company is currently trading at Rs 1,279 per share, down by 5.18 percent from the previous close. Dr Reddys Laboratories Ltd is issuing a final dividend of Rs. 8 per equity share, representing an 800 percent payout over the face value of Rs. 1 per share. The company has a dividend yield of 0.60 percent and a dividend payout of 15.9 percent
Hindalco Industries Ltd
With a market capitalization of Rs 2,16,419 crore, the share of the company is currently trading at Rs 963 per share, down by 0.84 percent from the previous close. Hindalco Industries Ltd is issuing a final dividend of Rs. 5 per equity share, representing a 500 percent payout over the face value of Rs. 1 per share. The company has a dividend yield of 0.51 percent and a dividend payout of 13 percent.
JK Cement Ltd
With a market capitalization of Rs 41,915 crore, the share of the company is currently trading at Rs 5,425 per share, up by 1.80 percent from the previous close. JK Cement Ltd is issuing a final dividend of Rs. 20 per equity share, representing a 200 percent payout over the face value of Rs. 10 per share. The company has a dividend yield of 0.38 percent and a dividend payout of 15.6 percent
AXIS Bank Ltd
With a market capitalization of Rs 4,06,719 crore, the share of the company is currently trading at Rs 1,370 per share, down by 0.30 percent from the previous close. AXIS Bank Ltd is issuing a final dividend of Rs. 1 per equity share, representing a 50 percent payout over the face value of Rs. 2 per share. The company has a dividend yield of 0.08 percent and a dividend payout of 1.18 percent.
Apollo Tyres Ltd
With a market capitalization of Rs 27,890 crore, the share of the company is currently trading at Rs 439 per share, flat from the previous close. Apollo Tyres Ltd is issuing a final dividend of Rs. 2.50 per equity share, representing a 250 percent payout over the face value of Rs. 1 per share. The company has a dividend yield of 1.37 percent and a dividend payout of 27.8 percent.
Aegis Vopak Terminals Ltd
With a market capitalization of Rs 31,040 crore, the share of the company is currently trading at Rs 280 per share, up by 1.52 percent from the previous close. Aegis Vopak Terminals Ltd is issuing a final dividend of Rs. 0.20 per equity share, representing a 2 percent payout over the face value of Rs. 10 per share. The company has a dividend yield of 0.07 percent and a dividend payout of 7.14 percent
Aegis Logistics Ltd
With a market capitalization of Rs 43,280 crore, the share of the company is currently trading at Rs 1,233 per share, down by 0.92 percent from the previous close. Aegis Logistics Ltd is issuing a final dividend of Rs. 6.70 per equity share, representing a 670 percent payout over the face value of Rs. 1 per share. The company has a dividend yield of 0.72 percent and a dividend payout of 34 percent
D-Link (India) Ltd
With a market capitalization of Rs 1,942 crore, the share of the company is currently trading at Rs 547 per share, up by 1.63 percent from the previous close. D-Link (India) Ltd is issuing a final dividend of Rs. 27.50 per equity share (includes special dividend of Rs 7.50 and final dividend of Rs 20), representing a 1,375 percent payout over the face value of Rs. 2 per share. The company has a dividend yield of 4.76 percent and a dividend payout of 93.8 percent
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
