A ‘Dividend’ is usually defined as the distribution of a company’s earnings to its shareholders and is determined by its Board of Directors. Dividends are often been distributed once in three months and the mode of payment could be in cash or in the form of reinvestment in additional stocks of the company.
Moreover, an additional metric to note is the ‘Dividend Yield’ which is the dividend per share and is expressed as dividend/price as a percentage of a company’s share price.
Listed below are 4 stocks that will be trading Ex-Dividend next week:
Elantas Beck India Limited
Elantas Beck India Limited, a producer of insulating materials for the electrical and electronics industry, declared a dividend of Rs 5 equating to a 50 percent payout as compared to the face value of Rs 10. The company has a dividend yield of 0.09 percent. The company’s stock closed at a price of Rs 5,314 on Friday and has a market capitalization of Rs 4,212 crores.
Crisil Limited
Crisil Limited, a research and analytics solutions provider, declared an Interim dividend of Rs 7 equating to a 700 percent payout as compared to the face value of Rs 1. The record date for the same is 4th May 2023. The company has a dividend yield of 0.19 percent. The company’s stock closed at a price of Rs 3,599 on Friday and has a market capitalization of Rs 26,308 crores.
Stovec Industries Limited
Stovec Industries Limited, developer and producer of consumables in the textile and graphic printing industry, declared a Final dividend of Rs 47 equating to a 470 percent payout as compared to the face value of Rs 10. The company has a dividend yield of 2 percent. The company’s stock closed at a price of Rs 2,350 on Friday and has a market capitalization of Rs 490 crores.
Castrol India Limited
Castrol India Limited, manufacturer and seller of engine oil, transmission fluids, and other lubricants, declared a Final dividend of Rs 3.5 equating to a 70 percent payout as compared to the face value of Rs 5. The record date for the same is 4th May 2023. The company has a dividend yield of 2.92 percent. The company’s stock closed at a price of Rs 120 on Friday and has a market capitalization of Rs 11,854 crores.
Written by Amit Madnani
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