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 7 stocks that will be trading Ex-Dividend next week:
Hindustan Unilever Limited:
Hindustan Unilever Limited, involved in the FMCG business with broad segments including Beauty & Personal Care, Home Care, etc, declared a Final dividend of Rs 22 equating to a 2,200 percent payout as compared to the face value of Rs 1. The ex-dividend date has been fixed as 19th June 2023.
The company has a dividend yield of 1.44 percent. On Friday, the company’s stock closed at Rs 2,716. It has a market capitalization of Rs 6,38,066 crores.
CEAT Limited:
CEAT Limited, one of the largest tyre manufacturers in India, declared a Final dividend of Rs 12 equating to a 120 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 20th June 2023.
The company has a dividend yield of 0.58 percent. On Friday, the company’s stock closed at Rs 2,076. It has a market capitalization of Rs 8,400 crores.
Panasonic Carbon India Company Limited:
Panasonic Carbon India Company Limited, involved in the process of manufacturing carbon rods, declared a Final dividend of Rs 12 equating to a 120 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 21st June 2023.
The company has a dividend yield of 3.10 percent. On Friday, the company’s stock closed at Rs 385. It has a market capitalization of Rs 184 crores.
Tata Steel Limited:
Tata Steel Limited, engaged in the business of producing as well as marketing various steel products, declared a Final dividend of Rs 3.60 equating to a 360 percent payout as compared to the face value of Rs 1. The ex-dividend date has been fixed as 22nd June 2023.
The company has a dividend yield of 3.15 percent. On Friday, the company’s stock closed at Rs 114. It has a market capitalization of Rs 1,39,691 crores.
GHCL Limited:
GHCL Limited, involved in the process of manufacturing soda ash and home textiles, declared a Final dividend of Rs 17.50 equating to a 175 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 23rd June 2023.
The company has a dividend yield of 3.48 percent. On Friday, the company’s stock closed at Rs 503. It has a market capitalization of Rs 4,805 crores.
Punjab National Bank:
Punjab National Bank, PSU Bank providing personal, corporate, international banking services, etc, declared a Final dividend of Rs 0.65 equating to a 32.50 percent payout as compared to the face value of Rs 2. The ex-dividend date has been fixed as 23rd June 2023.
The company has a dividend yield of 1.25 percent. On Friday, the company’s stock closed at Rs 52. It has a market capitalization of Rs 56,761 crores.
Torrent Pharmaceuticals Limited:
Torrent Pharmaceuticals Limited, one of the leading Indian pharmaceutical companies engaged in the development, manufacture, and marketing of generic formulations, declared a Final dividend of Rs 8 equating to a 160 percent payout as compared to the face value of Rs 5. The ex-dividend date has been fixed as 23rd June 2023.
The company has a dividend yield of 1.19 percent. On Friday, the company’s stock closed at Rs 1,858. It has a market capitalization of Rs 62,889 crores.
Written by Amit Madnani
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