Dividends are defined as the distribution of a company’s earnings to its shareholders, as determined by the Board of Directors. Dividends are normally paid out every three months and might be either in cash or in the form of reinvestment in further firm stock.
The ex-date and record date for dividends have been the same day since the commencement of the “T+1” settlement cycle.
Listed below are 7 stocks that will be trading Ex-Dividend next week:
3M India Ltd
3M India Limited manufactures products for the electronics, telecommunications, industrial, consumer and office, health care, safety.Company has declared a Final dividend of Rs 100 per share equating to a 1000 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 26th July 2023.
The company has a dividend yield of 3.39 percent. As of Friday, the company’s stock closed at a price of Rs 28,015 and has a market capitalization of Rs 31,559 crores.(company has given interim dividend of Rs.850.0000 per share (8500%) in last year)
Goodyear India Ltd
Goodyear India is engaged in the business of manufacturing and trading of tubes,tyres and flaps,Company has declared a Final dividend of Rs 26.5 per share equating to a 265 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 26th July 2023.
The company has a dividend yield of 1.92 percent. As of Friday, the company’s stock closed at a price of Rs 1,382.90 and has a market capitalization of Rs 3,189 crores.
Paushak Ltd
Paushak, India’s largest phosgene-based speciality chemical producer servicing the pharmaceutical, agrochemical, and performance sectors, has announced a final
dividend of Rs 17.5 per share, representing a 175 percent distribution above the face value of Rs 10. The ex-dividend date has been set for July 25th, 2023.
The company has a dividend yield of 0.26 percent. As of Friday, the company’s stock closed at a price of Rs 6,643 and has a market capitalization of Rs 2,047 crores.
Akzo Nobel India Limited
Akzo Nobel India is engaged in the Business of Manufacture of paints and varnishes, enamels or lacquers.Company has declared a Final dividend of Rs 40 per share equating to a 250 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 27th July 2023.
The company has a dividend yield of 2.42 percent. As of Friday, the company’s stock closed at a price of Rs 2,682.25 and has a market capitalization of Rs 12,215 crores.
Hero Motocorp Ltd
HeroMotoCorp is the World`s single largest two-wheeler motorcycle manufacturer,Company has declared a Final dividend of Rs 35 per share equating to a 1750 percent payout as compared to the face value of Rs 2. The ex-dividend date has been fixed as 27th July 2023.
The company has a dividend yield of 3.22 percent. As of Friday, the company’s stock closed at a price of Rs 3,102 and has a market capitalization of Rs 61,991 crores.
Alembic Pharmaceuticals Ltd
Alembic Pharmaceuticals is in the business of development, manufacturing, and marketing of Pharmaceuticals products.Company has declared a Final dividend of Rs 8 per share equating to a 400 percent payout as compared to the face value of Rs 2. The ex-dividend date has been fixed as 28th July 2023.
The company has a dividend yield of 1.16 percent. As of Friday, the company’s stock closed at a price of Rs 690.75 and has a market capitalization of Rs 13,577 crores.
Rane Holdings Ltd
Rane Holdings Limited is a holding company for a group that manufactures automotive parts.Company has declared a Final dividend of Rs 17 per share equating to a 170 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 28th July 2023.
The company has a dividend yield of 1.50 percent. As of Friday, the company’s stock closed at a price of Rs 1,131.50 and has a market capitalization of Rs 1,615 crores.
Written by Omkar Chitnis
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