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 stocks that will be trading Ex-Dividend next week:
Anupam Rasayan India Limited
Anupam Rasayan India Limited, engaged in the custom synthesis and manufacturing of specialty chemicals in India, declared an Interim dividend of Rs 1.50 equating to a 15 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 15th May 2023.
The company has a dividend yield of 0.22 percent. The company’s stock closed at a price of Rs 1,164 and has a market capitalization of Rs 12,540 crores.
Sula Vineyards Limited
Sula Vineyards Limited, producer and seller of wine, declared a Final dividend of Rs 5.25 equating to a 262.50 percent payout as compared to the face value of Rs 2. The ex-dividend date has been fixed as 15th May 2023.
The company has a dividend yield of 1.20 percent. The company’s stock closed at a price of Rs 442 and has a market capitalization of Rs 3,727 crores.
Tata Coffee Limited
Tata Coffee Limited, an India-based coffee plantation company engaged in the production and distribution of coffee, tea, & other allied products, declared a Final dividend of Rs 3 equating to a 300 percent payout as compared to the face value of Rs 1. The ex-dividend date has been fixed as 15th May 2023.
The company has a dividend yield of 1.31 percent. The company’s stock closed at a price of Rs 229 and has a market capitalization of Rs 4,280 crores.
G M Breweries Limited
G M Breweries Limited, engaged in the manufacturing process of alcoholic liquor, declared a Final dividend of Rs 6 equating to a 60 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 16th May 2023.
The company has a dividend yield of 1.05 percent. The company’s stock closed at a price of Rs 573 and has a market capitalization of Rs 1,044 crores.
Housing Development Finance Corporation Limited
Housing Development Finance Corporation Limited, a housing financier providing mortgage services to the housing industry, declared an Interim dividend of Rs 44 equating to a 2,200 percent payout as compared to the face value of Rs 2. The ex-dividend date has been fixed as 16th May 2023.
The company has a dividend yield of 1.59 percent. The company’s stock closed at a price of Rs 2,777 and has a market capitalization of Rs 511,605 crores.
HDFC Bank Limited
HDFC Bank Limited, a commercial banking firm offering banking services such as private banking, insurance, deposits, etc, declared a Final dividend of Rs 19 equating to a 1,900 percent payout as compared to the face value of Rs 1. The ex-dividend date has been fixed as 16th May 2023.
The company has a dividend yield of 1.15 percent. The company’s stock closed at a price of Rs 1,668 and has a market capitalization of Rs 931,967 crores.
Foseco India Limited
Foseco India Limited, engaged in the manufacture of products used in the metallurgical industry, declared a Final dividend of Rs 25 equating to a 250 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 17th May 2023.
In addition to the above, the company declared a special dividend of Rs 15 during the month of March 2023.
Summing up both the above dividends, the company has a dividend yield of 1.59 percent. The company’s stock closed at a price of Rs 2,519 and has a market capitalization of Rs 1,606 crores.
Home First Finance Company India Limited
Home First Finance Company India Limited, an affordable housing finance company engaged in the business of lending housing loans, construction finance, etc, declared a Final dividend of Rs 2.60 equating to a 130 percent payout as compared to the face value of Rs 2. The ex-dividend date has been fixed as 19th May 2023.
The company has a dividend yield of 0.36 percent. The company’s stock closed at a price of Rs 724 and has a market capitalization of Rs 6,389 crores.
Rain Industries Limited
Rain Industries Limited, engaged in the production of cement and other related products, declared an Interim dividend of Rs 1 equating to a 50 percent payout as compared to the face value of Rs 2. The ex-dividend date has been fixed as 19th May 2023.
The company has a dividend yield of 1.33 percent. The company’s stock closed at a price of Rs 150 and has a market capitalization of Rs 5,040 crores.
Tata Consumer Products Limited
Tata Consumer Products Limited, a manufacturer and supplier of consumer food and beverages, declared a Final dividend of Rs 8.45 equating to a 845 percent payout as compared to the face value of Rs 1. The ex-dividend date has been fixed as 19th May 2023.
The company has a dividend yield of 1.07 percent. The company’s stock closed at a price of Rs 788 and has a market capitalization of Rs 73,303 crores.
Written by Amit Madnani
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