Many investors make passive income from the stock market in the form of dividends. When companies make enough revenue to cover their operating costs and projects, they may choose to distribute excess funds (profit) to shareholders in the form of dividends.
Here are a few stocks that will be trading ex-dividend next week:
Orient Paper & Industries Ltd
Orient Paper & Industries is engaged in the manufacturing and selling of paper and other products including caustic soda lye, C.S flakes, liquid chlorine and hydrochloric acid.
The company has declared a final dividend of ₹1 per share and its shares will trade ex-dividend on August 01, 2023. Orient Paper & Industries has a dividend yield of 2.35 percent. It has a market capitalization of ₹ 930 crores and its shares settled at ₹ 43.85 apiece.
Ador Welding Ltd
Ador Welding is a leading player in the field of welding products, technologies and services. Moreover, it provides customized solutions for multi-disciplinary projects and contracts related to refineries, oil and gas, petrochemicals and other sectors.
The company has declared a final dividend of ₹ 17.5 per share and its shares will trade ex-dividend on August 02, 2023. Ador Welding has a dividend yield of 1.35 percent. It has a market capitalization of ₹ 1,713 crores and its shares settled at ₹ 1259.80 apiece.
Styrenix Performance Materials Ltd
Incorporated in 1973, Styrenix Performance Materials manufactures, trades and sells engineering thermoplastics.
The company has declared a final dividend of ₹ 24.00 per share and its shares will trade ex-dividend on August 02, 2023. Styrenix Performance Materials has a dividend yield of 17.84 percent. It has a market capitalization of ₹ 2,076 crores and its shares settled at ₹ 1180.60 apiece.
Chennai Petroleum Corporation Ltd
Chennai Petroleum Corporation Limited is in the business of refining crude oil to produce & supply various petroleum products and manufacture and sale of lubricating oil additives.
The company has declared a final dividend of ₹ 27.00 per share and its shares will trade ex-dividend on August 04, 2023. Chennai Petroleum Corporation has a dividend yield of 6.74 percent. It has a market capitalization of ₹ 5,920crores and its shares settled at ₹ 397.50 apiece.
Cheviot Co.Ltd
Cheviot Company is engaged in the manufacturing and sale of jute goods like sacking, hessian and yarn. Located in West Bengal, the company is recognized as a trading house by the Government of India.
The company has declared a final dividend of ₹ 27.00 per share and its shares will trade ex-dividend on August 04, 2023. Cheviot Co. has a dividend yield of 2.17 percent. It has a market capitalization of ₹ 747 crores and its shares settled at ₹ 1242.10 apiece.
Munjal Showa Ltd
Munjal Showa operates as an ancillary and manufactures auto components for two-wheeler and four-wheeler automotive players in the domestic market.
The company has declared a final dividend of ₹ 4.5 per share and its shares will trade ex-dividend on August 04, 2023. Munjal Showa has a dividend yield of 3.10 percent. It has a market capitalization of ₹ 588 crores and its shares settled at ₹ 147.15 apiece.
VST Industries Ltd
VST Industries is engaged in the manufacture and trading of Cigarettes, Tobacco and Tobacco products, amongst other things.
The company has declared a final dividend of ₹ 150.00 per share and its shares will trade ex-dividend on August 04, 2023. VST Industries has a dividend yield of 4.08 percent. It has a market capitalization of ₹ 5,712 crores and its shares settled at ₹ 3699.35 apiece.
Written by Simran Bafna
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