The dividend is the amount of money that a company pays to its shareholders as dividends on a per-share basis. The dividend yield demonstrates how much a particular company is paying in dividends, each year about its stock price.
Here are a few stocks that will be trading ex-dividend next week:
LIC Housing Finance Ltd
LIC Housing Finance Limited has mainly engaged in financing long-term loans to individuals for the purchase, construction, repair, and renovation of new, and existing flats, and houses.
The company has declared a Final dividend of Rs 8.5 per share equating to a 425 percent payout as compared to the face value of Rs 2. The ex-dividend date has been fixed as 18th August 2023.
The company has a dividend yield of 2 percent. As of Friday, the company’s stock closed at a price of Rs 424.95 and has a market capitalization of Rs 23,374 crores.
Industrial & Prudential Investments Company Ltd.
Industrial & Prudential Investment Company Ltd is engaged in Non-Banking Financial operations such as the acquisition, sale, and maintenance of investments. The company has declared a Final dividend of Rs 60 per share equating to a 600 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 17th August 2023.
The company has a dividend yield of 2.06 percent. As of Friday, the company’s stock closed at a price of Rs 2,915 and has a market capitalization of Rs 488 crores.
D-Link India Ltd
D-Link Ltd is primarily engaged in the marketing and distribution of networking products.
The company has declared a Final dividend of Rs 5 per share equating to a 250 percent payout as compared to the face value of Rs 2. The ex-dividend date has been fixed as 18th August 2023.
The company has a dividend yield of 3.02 percent. As of Friday, the company’s stock closed at a price of Rs 331.30 and has a market capitalization of Rs 1,176 crores.
IFGL Refractories Ltd.
IFGL Refractories Ltd is a manufacturer of Specialized refractories and requisite operating systems for the Iron and Steel Industry.
The company has declared a Final dividend of Rs 7 per share equating to a 70 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 18th August 2023.
The company has a dividend yield of 1.50 percent. As of Friday, the company’s stock closed at a price of Rs 473.20 and has a market capitalization of Rs 1,705 crores.
Petronet LNG Ltd
Petronet LNG Ltd. engaged in the sale of re-gasified liquid natural gas. The company operates in the business of importing and processing liquified natural gas. The company has declared a Final dividend of Rs 3 per share equating to a 30 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 18th August 2023.
The company has a dividend yield of 4.44 percent. As of Friday, the company’s stock closed at a price of Rs 225.50 and has a market capitalization of Rs 33,825 crores.
IG Petrochemicals Ltd.
IG Petrochemicals Ltd is a manufacturer of Phthalic Anhydride as well as PVC goods, shoe soles, and other commodities.
The company has declared a Final dividend of Rs 10 per share equating to a 100 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 17th August 2023.
The company has a dividend yield of 2.20 percent. As of Friday, the company’s stock closed at a price of Rs 453.65 and has a market capitalization of Rs 1,397 crores.
Coal India Ltd.
Coal India Ltd is mainly engaged in the mining and production of Coal and the company also produces non-coking coal and coking coal of various grades for diverse applications.
The company has declared a Final dividend of Rs 4 per share equating to a 52.50 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 18th August 2023.
The company has a dividend yield of 10.32 percent. As of Friday, the company’s stock closed at a price of Rs 234.90 and has a market capitalization of Rs 1,44,762 crores.
Written by Omkar Chitnis
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