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The Indian benchmark indices opened higher amid mixed global cues and softened crude oil prices. The NSE Nifty 50 climbed over 30 points to trade above 18,350 levels, whereas BSE Sensex rose over 50 points to trade at 61,833 levels on Friday. 

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For investors looking for a passive source of income, here are 7 stocks that will trade ex-dividend on Monday: 

3M India Ltd 

The company will pay a special dividend of 8500% of the face value of Rs10 which amounts to Rs 850 per share. The stock will trade ex-dividend on November 21st and the record date has been set as November 22nd, 2022. 

The shares of the diversified company were trading at Rs 24,150 levels on Friday. It has a market capitalization of Rs 27,041 crore. 

Cochin Shipyard Ltd 

The shipbuilding company will pay an interim dividend of 70% of the face value of Rs 10 which amounts to Rs 7 per share. The stock will trade ex-dividend on November 21st and the record date has been set as November 22nd, 2022. 

The shares of the company were trading at Rs 666 levels on Friday. It has a market capitalization of Rs 8,877 crore and a dividend yield of 2.48%. 

Mazagon Dock Shipbuilders Ltd 

Another shipbuilding company will pay an interim dividend of 91% of the face value of Rs 10 which amounts to Rs 9.1 per share. The stock will trade ex-dividend on November 21st and the record date has been set as November 22nd, 2022. 

The shares of the company were trading at Rs 832 levels on Friday. It has a market capitalization of Rs 17,586 crore and a dividend yield of 1%. 

Balkrishna Industries Ltd 

The tyre manufacturing company will pay an interim dividend of 200% of the face value of Rs 2 which amounts to Rs 4 per share. The stock will trade ex-dividend on November 21st and the record date has been set as November 22nd, 2022. 

The shares of the company were trading at Rs 1,975 levels on Friday. It has a market capitalization of Rs 38,244 crore and a dividend yield of 1.42%.

Oil India Ltd 

The oil company will pay an interim dividend of 45% of face value 2 which amounts to Rs 0.9 per share. The stock will trade ex-dividend on November 21st and the record date has been set as November 22nd, 2022. 

The shares of the company were trading at Rs 202 levels on Friday. It has a market capitalization of Rs 21,948 crore and a high dividend yield of 7.04%. 

Oil and Natural Gas Corporation Ltd 

The oil company will pay an interim dividend of 135% of the face value of Rs 5 which amounts to Rs 6.75 per share. The stock will trade ex-dividend on November 21st and the record date has been set as November 22nd, 2022. 

The shares of the company were trading at Rs 141 levels on Friday. It has a market capitalization of Rs 1,80,149 crore and a high dividend yield of 7.33%. 

Petronet LNG Ltd 

The oil and gas company will pay an interim dividend of 70% of the face value of Rs 10 which amounts to Rs 7 per share. The stock will trade ex-dividend on November 21st and the record date has been set as November 22nd, 2022. 

The shares of the company were trading at Rs 211 levels on Friday. It has a market capitalization of Rs 32,197 crore and a high dividend yield of 5.36%. 

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.

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