Dividends are often described as the distribution of a company’s earnings to its shareholders, which is decided by the Board of Directors. Dividends are typically issued once every three months, and payment can be in cash or in the form of reinvestment in further business equity. Since the implementation of the “T+1” settlement cycle, the ex-date and record date for dividends are the same day.
Listed below are 7 stocks that will be trading Ex-Dividend next week:
Alkyl Amines Chemicals Ltd
Alkyl Amines is a leading manufacturer of aliphatic amines for the pharmaceutical, agrochemical, rubber chemical, and water treatment industries. The company’s shares closed at ₹ 2,725.35 apiece on Friday, with a market capitalization of ₹ 13,930 crores.
The company declared a final dividend of ₹ 10.00 per share. The company’s shares will be trading ex-dividend on July 4, 2023. Alkyl Amines Chemicals has a dividend yield of 0.38%.
Motilal Oswal Financial Services Ltd
Motilal Oswal Financial Services Limited provides various diversified financial services wealth management, retail broking and distribution, institutional broking, asset management, and many more.
On Friday, the company’s shares closed at ₹ 728 per share, with a market capitalization of ₹ 10,770 crores.
The company declared a final dividend of ₹ 3.00 per share. The company’s shares will be trading ex-dividend on July 4, 2023. Motilal Oswal Financial Services has a dividend yield of 1.46%.
Mphasis Ltd
Mphasis Limited is a global information technology services company. which provides infrastructure outsourcing services and business process outsourcing solutions to clients worldwide.
With a market capitalization of ₹ 35,702 crores, the company’s shares closed Friday’s trading session at a price of ₹ 1,895.05 per share.
The company declared a final dividend of ₹ 50.00 per share. The company’s shares will be trading ex-dividend on July 5, 2023. Mphasis has a dividend yield of 2.72%.
Tide Water Oil Co (I) Ltd
Tide Water Oil Company (India) Ltd is a pioneer of Automotive and Industrial lubricants in India.
The company’s shares closed at ₹ 1,009.75 apiece on Friday, with a market capitalization of ₹ 1,759 crores.
The company declared a final dividend of ₹ 15.00 per share. The company’s shares will be trading ex-dividend on July 4, 2023. Tide Water Oil has a dividend yield of 4.26%.
Agro Tech Foods Ltd
Agro Tech Foods Ltd is mainly engaged in the production and distribution of edible oils and food items.
The company’s shares closed at ₹ 856.75 apiece on Friday, with a market capitalization of ₹ 2,087 crores.
The company issued a final dividend of ₹ 3 per share.. The company’s shares will be trading ex-dividend on July 4, 2023. Agro Tech Foods Ltd has a dividend yield of 0.36%.
Sundaram Finance Ltd
Sundaram Finance is an NBFC that is engaged in retail finance across multiple domains like Vehicle finance, Home Finance, Mutual Funds, and General insurance.
The company’s shares closed at ₹ 2,610 apiece on Friday, with a market capitalization of ₹ 28,998 crores.
The company declared a final dividend of ₹ 15.00 per share. The company’s shares will be trading ex-dividend on July 5, 2023. Sundaram Finance Ltd has a dividend yield of 1.04%.
Kalpataru Projects International Ltd
Kalpataru Power Transmission Ltd is global in power transmission and distribution, oil and gas pipeline, railways, and biomass-based power generation.
The company’s shares closed at ₹ 536.55 apiece on Friday, with a market capitalization of ₹ 8,716 crores.
The company declared a final dividend of ₹ 7.00 per share. The company’s shares will be trading ex-dividend on July 6, 2023. Kalpataru Projects International Ltd has a dividend yield of 1.30%.
Written by Omkar Chitnis
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