The dividend is the amount of money that a company pays to its shareholders as dividends on a per-share basis. The dividend yield indicates how much a company pays in dividends each year based on its stock price.
Here are a few stocks that will be trading ex-dividend next week:
Gujarat State Fertilisers & Chemicals Ltd
Gujarat State Fertilisers and Chemicals Ltd produces a variety of fertilizers as well as industrial items such as plastics, synthetic rubbers, and man-made fiber.
The company has declared a Final dividend of Rs 10 per share equating to a 500 percent payout as compared to the face value of Rs 2. The ex-dividend date has been fixed as 7th September 2023.
The company has a dividend yield of 5.70 percent. As of Friday, the company’s shares closed at a price of Rs 177.60 and has a market capitalization of Rs 7,076 crores.
Cochin Minerals and Rutile Ltd
Cochin Minerals & Rutile Ltd produces Synthetic Rutile, Ferric Chloride, Ferrous Chloride, Iron Hydroxide, Recovered Upgraded Ilmenite, and Rutoweld.The company has declared a Final dividend of Rs 8 per share equating to a 80 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 8th September 2023.
The company has a dividend yield of 2.85 percent. As of Friday, the company’s shares closed at a price of Rs 277.65 and has a market capitalization of Rs 217 crores.
Banco Products (India) Ltd.
Banco Products (India) Ltd produces and provides engine cooling modules and systems for automotive and industrial applications in both the domestic and international markets.
The company has declared a Final dividend of Rs 14 per share equating to a 700 percent payout as compared to the face value of Rs 2. The ex-dividend date has been fixed as 7th September 2023.
The company has a dividend yield of 4.31 percent. As of Friday, the company’s shares closed at a price of Rs 515.25 and has a market capitalization of Rs 3,685
General Insurance Corporation of India Ltd
General Insurance Corporation of India is engaged in the business of Reinsurance. The company has declared a Final dividend of Rs 7.2 per share equating to a 144 percent payout as compared to the face value of Rs 5. The ex-dividend date has been fixed as 8th September 2023.
The company has a dividend yield of 3.28 percent. As of Friday, the company’s shares closed at a price of Rs 219.55 and has a market capitalization of Rs 38,517 crores.
Gujarat Industries Power Co. Ltd
Gujarat Industries Power Company Ltd generates electricity from gas, lignite, wind, and solar assets. The company has declared a Final dividend of Rs 3.75 per share equating to a 37.50 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 8th September 2023.
The company has a dividend yield of 2.92 percent. As of Friday, the company’s shares closed at a price of Rs 128.50 and has a market capitalization of Rs 1,943 crores.
RITES Ltd
RITES Limited is a leading player in the transport consultancy and engineering business in India, offering a wide range of services and covering a large geographical area. The firm is Indian Railways exclusive export arm for delivering rolling stock internationally.
The company has declared a Final dividend of Rs 6 per share equating to a 60 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 8th September 2023.
The company has a dividend yield of 4.09 percent. As of Friday, the company’s shares closed at a price of Rs 510.10 and has a market capitalization of Rs 12,257 crores.
Excel Industries Ltd
Excel Industries manufactures and sells chemicals, pharmaceutical intermediates, and environmental products. The company has declared a Final dividend of Rs 11.25 per share equating to a 225 percent payout as compared to the face value of Rs 5. The ex-dividend date has been fixed as 7th September 2023.
The company has a dividend yield of 1.18 percent. As of Friday, the company’s shares closed at a price of Rs 947.75 and has a market capitalization of Rs 1,191 crores.
Written by Omkar Chitnis
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