Dividends have been a passive source of income for many. Investors make money from dividends even when stocks are trading sideways or are showing a downtrend. In this highly volatile market after the budget, here is a list of companies that are going to trade ex-dividend in the coming week:
IIFL Finance Ltd
It will pay an interim dividend of 200% of the face value of Rs 2 which amounts to Rs 4 per share. The ex-dividend date and the record date for the purpose are set as February 7th, 2023. The shares of the company traded at Rs 508 levels on Friday.
IIFL Finance Ltd is a diversified NBFC in India engaged in the business of loans and mortgages along with its subsidiaries. It has a market capitalization of Rs 19,386 Crore and a dividend yield of 0.69%.
Indraprastha Gas Ltd
It will pay an interim dividend of 100% of the face value of Rs 2 which amounts to Rs 2 per share. The ex-dividend date and the record date for the purpose are set as February 7th, 2023. The shares of the company traded at Rs 420 levels on Monday.
Indraprastha Gas Limited is an Indian natural gas distribution company that supplies natural gas as cooking and vehicular fuel. It has a market capitalization of Rs 29,43 Crore and a dividend yield of 1.31%.
Sun Pharmaceutical Industries Ltd
It will pay an interim dividend of 100% of the face value of Rs 2 which amounts to Rs 2 per share. The ex-dividend date and the record date for the purpose are set as February 8th, 2023. The shares of the company traded at Rs 1,016 levels on Friday.
Sun Pharmaceutical Industries Limited is an Indian multinational pharmaceutical company. It has a market capitalization of Rs 243,868 Crore and a dividend yield of 0.98%.
Shanthi Gears Ltd
It will pay an interim dividend of 300% of the face value of Rs 1 which amounts to Rs 3 per share. The ex-dividend date and the record date for the purpose are set as February 8th,2023. The shares of the company traded at Rs 333 levels on Friday.
Shanthi Gears Ltd is in the business of designing, manufacturing, supplying, and servicing gears and gearboxes. It has a market capitalization of Rs 2,556 Crore and a dividend yield of 0.75%.
Procter and Gamble Hygiene and Health Care Ltd
It will pay an interim dividend of 800% of the face value of Rs 10 which amounts to Rs 80 per share. The ex-dividend date and the record date for the purpose are set as February 8th, 2023. The shares of the company traded at Rs 13,888 levels on Friday.
Procter & Gamble Hygiene and Health Care Limited is engaged in the manufacturing and selling of branded packaged fast-moving consumer goods in the femcare and healthcare businesses. It has a market capitalization of Rs 44,974 Crore and a dividend yield of 0.58%.
Kajaria Ceramics Ltd
It will pay an interim dividend of 600% of the face value of Rs 1 which amounts to Rs 6 per share. The ex-dividend date and the record date for the purpose are set as February 8th, 2023. The shares of the company traded at Rs 1,089 levels on Friday.
Kajaria Ceramics Ltd is primarily engaged in the manufacturing and trading of ceramic and vitrified tiles in India. It has a market capitalization of Rs 17,344 Crore and a dividend yield of 1.01%.
Greenpanel Industries Ltd
It will pay an interim dividend of 150% of the face value of Rs 1 which amounts to Rs 1.5 per share. The ex-dividend date and the record date for the purpose are set as February 9th, 2023. The shares of the company traded at Rs 281 levels on Friday.
Greenpanel Industries Limited is engaged in the manufacturing of plywood, medium-density fiberboards (MDF), and allied products. It has a market capitalization of Rs 3,458 Crore and a dividend yield of 0.53%.
Written by Anoushka Roy
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