When a company announces the payment of dividends, the board decides on two important dates i.e, the Record date and the ex-dividend date. To be eligible for receiving the dividends, the investor must hold the stock on the ex-date. Followed by this comes the record date on which the company will check its record to identify the investors.
Here are 5 stocks that will trade ex-dividend this week:
REC Ltd
The company will pay an interim dividend of 50% of its face value of Rs 10 which amounts to Rs 5 per share. For this purpose, the ex-dividend date is November 7th and the record date has been set as November 9th, 2022.
REC Limited, formerly Rural Electrification Corporation Limited is a subsidiary of Power Finance Corporation Limited that finances and promotes power projects across India. The stock of the company was trading 2.7 percent lower at Rs 101 levels on Monday morning.
Supreme Industries Ltd
The plastic company will pay an interim dividend of 300% of its face value of Rs 2 which amounts to Rs 6 per share. The stock will trade ex-dividend on November 7th and the record date is November 9th, 2022.
Supreme Industries Limited is an Indian plastics company that manufactures industrial and engineering moulded furniture products, PVC pipes and fittings, and moulded furniture. On Monday morning, the stock was trading 4.6 percent up at Rs 2,342 levels.
Supreme Petrochem Ltd
The company will pay an interim dividend of 100% of its face value of Rs 4 which amounts to Rs 4 per share. It will trade ex-dividend on November 7th and the record date has been set as November 9th, 2022.
Supreme Petrochem Ltd is the largest producer of polystyrene polymer and has more than 50% market share in India. It is also the largest exporter and sells its products in more than 100 countries. On the first trading day of the week, the stock was trading at Rs 780 levels.
Tech Mahindra Ltd
The company will pay a Special dividend of 360% of its face value of Rs 5 which amounts to Rs 18 per share. It will trade ex-dividend on November 9th and the record date has been set as November 10th, 2022.
Tech Mahindra, part of the Mahindra Group, is an Indian multinational information technology services and consulting company. The stock of the company was trading at Rs 1,051 on Monday.
Gillette India Ltd
The company will pay a final dividend of 360% of its face value of Rs 10 which amounts to Rs 36 per share. The stock will trade ex-dividend on November 10th.
Gillette India Limited is engaged in manufacturing and selling packaged fast-moving goods in the grooming, oral care, and toiletries segment. On Monday, the stock was trading at Rs 5,167 levels.
Written by Anoushka Roy
Disclaimer
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies 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.
