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:
Infosys Ltd
Infosys is India’s second-largest Information Information Technology company which is engaged in providing consulting, technology, and outsourcing services.
The company has declared an Interim dividend of Rs 18 per share equating to a 360 percent payout as compared to the face value of Rs 5. The ex-dividend date has been fixed as 25th October 2023.
The company has a dividend yield of 2.37 percent. As of Friday, the company’s shares closed at a price of Rs 1,427.25 and have a market capitalization of Rs 5,92,363 crores.
Ksolves India Ltd
Ksolves India Ltd is engaged in software development, enterprise solutions, consulting & providing IT solutions to companies across sectors such as Real Estate, E-commerce, Finance, Telecom, and Healthcare.
The company has declared an Interim 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 26th October 2023.
The company has a dividend yield of 0.97 percent. As of Friday, the company’s shares closed at a price of Rs 1,107.60 and have a market capitalization of Rs 1,313 crores.
L&T Technology Services Ltd.
L&T Technology Services offers engineering, research and development (ER&D) and digitalization solutions to companies in the areas such as Transportation, Industrial Products, Telecom, and many others.
The company has declared an Interim dividend of Rs 17 per share equating to a 850 percent payout as compared to the face value of Rs 2. The ex-dividend date has been fixed as 27th October 2023.
The company has a dividend yield of 1.03 percent. As of Friday, the company’s shares closed at a price of Rs 4,313.20 and have a market capitalization of Rs 45,601 crores.
ICICI Securities Ltd.
ICICI Securities Limited is engaged in the business of broking (institutional and retail), distribution of financial products, merchant banking, and advisory services.
The company has declared an Interim dividend of Rs 12 per share equating to a 240 percent payout as compared to the face value of Rs 5. The ex-dividend date has been fixed as 27th October 2023.
The company has a dividend yield of 3.01 percent. As of Friday, the company’s shares closed at a price of Rs 668.05 and have a market capitalization of Rs 21,585 crores.
ICICI Lombard General Insurance Company Ltd
ICICI Lombard General Insurance Is one of the leading and established private sector general insurance companies in India. Which offers a wide range of products and risk management solutions through multiple distribution channels.
The company has declared an Interim dividend of Rs 5 per share equating to a 50 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 27th October 2023.
The company has a dividend yield of 0.73 percent. As of Friday, the company’s shares closed at a price of Rs 1,388.15 and have a market capitalization of Rs 68,212 crores.
TCI Express Ltd.
TCI Express Limited is an express cargo logistics company that distributes through various modes of transport and is specialised in offering time definite solutions.
The company has declared an Interim dividend of Rs 1.5 per share equating to a 150 percent payout as compared to the face value of Rs 2. The ex-dividend date has been fixed as 26th October 2023.
The company has a dividend yield of 0.59 percent. As of Friday, the company’s shares closed at a price of Rs 1,359.40 and have a market capitalization of Rs 5,211 crores.
Written by Omkar Chitnis
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