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The Indian equity indices after staying in the positive territory throughout the day ended Monday’s session in the green at the same level. The NSE Nifty 50 rose 90.90 pts or 0.50% to 18,118.55 and the 30-share BSE Sensex advanced 319.90 pts or 0.53% at 60,941.67. 

For investors looking for a passive source of income, here are 5 stocks that will trade ex-dividend this week: 

Persistent Systems Limited 

The company will pay an interim dividend of 280% of the face value of Rs10 which amounts to Rs 28 per share. The stock will trade ex-dividend on January 25th, 2023 and the record date has been set as January 27th, 2023. 

The shares of the Indian multinational technology services company closed at Rs 4,547 on Monday. It has a market capitalization of Rs 35,103 crore and a dividend yield of 0.68%. 

Havells India Limited 

The company will pay an interim dividend of 300% of the face value of Rs 1 which amounts to Rs 3 per share. The stock will trade ex-dividend on January 25th, 2023 and the record date has been set as January 28th, 2023. 

The shares of the multinational electrical equipment company closed at Rs 1,199 on Monday. It has a market capitalization of Rs 75,181 crore and a dividend yield of 0.63%. 

National Aluminium Company Limited 

The company will pay an interim dividend of 20% of the face value of Rs 5 which amounts to Re 1 per share. The stock will trade ex-dividend on January 25th, 2023 and the record date has been set as January 27th, 2023. 

The shares of the government-owned mining company closed at Rs 84.50 on Monday. It has a market capitalization of Rs 15,519 crore and a dividend yield of 7.69%. 

Hindustan Zinc Limited 

The company will pay an interim dividend of 650% of the face value of Rs 2 which amounts to Rs 13 per share. The stock will trade ex-dividend on January 27th, 2023 and the record date has been set as January 30th, 2023 

The shares of the mining and resources producer closed at Rs 346 on Monday. It has a market capitalization of Rs 1,46,280 crore and a dividend yield of 5.2%. 

Metro Brands Limited

The company will pay an interim dividend of 50% of the face value of Rs 5 which amounts to Rs 2.5 per share. The stock will trade ex-dividend on January 27th, 2023 and the record date has been set as January 28th, 2023 

The shares of the Indian multi-brand footwear retail company closed at Rs 832 on Monday. It has a market capitalization of Rs 832 crore and a dividend yield of 0.27%. 

Written by Anoushka Roy

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