The ‘Trade-plus-One’ (T+1) settlement cycle has been implemented effectively in the top listed securities in India from 27th January 2023. Market experts believe and mention that this settlement system will allow the money cycle to move faster without waiting for an extra day.
What is ‘Dividend’?
A dividend, in a generic sense, is a reward that is been paid to the shareholders for their investment in a company’s equity and the same usually originates from the company’s net profits.
Here are 5 stocks that will trade ex-dividend this month:
SAIL
It will pay an interim dividend of 10% of the face value of Rs 10 which amounts to Rs 1 per share. The ex-dividend date and the record date for the purpose are set as 24th March. The shares of the company traded at Rs 86.8 levels on Monday. The Market Cap of the company is Rs 35,770 crores.
Bharat Electronics Ltd.
It will pay an interim dividend of 60% of the face value of Rs 1 which amounts to Rs 0.60 per share. The ex-dividend date and the record date for the purpose are set as 24th March and 25th March respectively. The shares of the company traded at Rs 92.80 levels on Monday. Market Cap of the company is Rs 67,725 crores.
Glenmark Life Sciences Ltd.
It will pay an interim dividend of 1050% of the face value of Rs 2 which amounts to Rs 21 per share. The ex-dividend date and the record date for the purpose are set as 24th March. The shares of the company traded at Rs 409.00 levels on Monday. Market Cap of the company is Rs 5,029 crores.
CRISIL Ltd.
It will pay a final dividend of 2,300% of the face value of Rs 1 which amounts to Rs 23 per share. The ex-dividend date for the purpose is set as 31st March. The shares of the company traded at Rs 3,075.00 levels on Monday. Market Cap of the company is Rs 22,400 crores.
Dwarikesh Sugar Industries Ltd.
It will pay an interim dividend of 200% of the face value of Rs 1 which amounts to Rs 2 per share. The ex-dividend date and the record date for the purpose are set as 31st March. The shares of the company traded at Rs 84.70 levels on Monday. Market Cap of the company is Rs 1,583 crores.
Written by Amit Madnani
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