“Dividend” is generally referred to a reward, cash or otherwise, that a company gives to its shareholders in various forms such as cash payment, stocks, or any other form. The dividend is decided by the Board of Directors and requires shareholders’ approval as well.
Listed below are seven stocks that will trade ex-dividend during the next week: Emami Limited
With a market capitalization of Rs 22,830.23 crores, the stocks of Emami Limited, manufacturing & marketing of personal care & healthcare products, closed at Rs 513.60 on Friday, slipping around 1 percent compared to the previous close of Rs 518.80 apiece. The company has a dividend yield of 1.54 percent.
The company has declared an interim dividend of Rs 4 per equity share, i.e., a payout of 400 percent over a Face Value of Rs 1 per share. The Record Date for the dividend is fixed as 15th November 2023.
Indraprastha Gas Limited
With a market capitalization of Rs 27,615.03 crores, the stocks of Indraprastha Gas Limited, engaged in the gas distribution business, closed at Rs 394.50 on Friday, a flat movement as compared to the previous close of Rs 394.95 apiece. The company has a dividend yield of 3.29 percent.
The company has declared an interim dividend of Rs 4 per equity share, i.e., a payout of 200 percent over a Face Value of Rs 2 per share. The Record Date for the dividend is fixed as 15th November 2023.
Steelcast Limited
With a market capitalization of Rs 1,268.64 crores, the stocks of Steelcast Limited, engaged in the business of manufacturing Steel and Alloy Steel Castings, closed at Rs 626.80 on Friday, gaining around 1.50 percent compared to the previous close of Rs 617.70 apiece. The company has a dividend yield of 1.60 percent.
The company has declared an interim dividend of Rs 1.35 per equity share, i.e., a payout of 27 percent over a Face Value of Rs 5 per share. The Record Date for the dividend is fixed as 15th November 2023.
Container Corporation of India Limited
With a market capitalization of Rs 45,066.46 crores, the stocks of Container Corporation of India Limited, engaged in the business of providing inland transportation of containers, closed at Rs 739.65 on Friday, gaining around 0.60 percent compared to the previous close of Rs 735.05 apiece. The company has a dividend yield of 1.50 percent.
The company has declared an interim dividend of Rs 3 per equity share, i.e., a payout of 60 percent over a Face Value of Rs 5 per share. The Record Date for the dividend is fixed as 16th November 2023.
Power Grid Corporation of India Limited
With a market capitalization of Rs 1.96 lakh crores, the stocks of Power Grid Corporation of India Limited, India’s largest electric power transmission company, closed at Rs 211.15 on Friday, gaining around 0.50 percent compared to the previous close of Rs 210 apiece. The company has a dividend yield of 5.27 percent.
The company has declared an interim dividend of Rs 4 per equity share, i.e., a payout of 40 percent over a Face Value of Rs 10 per share. The Record Date for the dividend is fixed as 16th November 2023.
Computer Age Management Services Limited
With a market capitalization of Rs 11,990.79 crores, the stocks of Computer Age Management Services Limited, a mutual funds transfer agency, closed at Rs 2,441 on Friday, gaining around 2.60 percent compared to the previous close of Rs 2,378.25 apiece. The company has a dividend yield of 1.58 percent.
The company has declared an interim dividend of Rs 10 per equity share, i.e., a payout of 100 percent over a Face Value of Rs 10 per share. The Record Date for the dividend is fixed as 17th November 2023.
Jamna Auto Industries Limited
With a market capitalization of Rs 4,456.95 crores, the stocks of Jamna Auto Industries Limited, manufacturing suspension and supplying for all segments of commercial vehicles, closed at Rs 111.75 on Friday, slipping around 0.40 percent compared to the previous close of Rs 112.15 apiece. The company has a dividend yield of 1.69 percent.
The company has declared an interim dividend of Rs 1.10 per equity share, i.e., a payout of 110 percent over a Face Value of Rs 1 per share. The Record Date for the dividend is fixed as 17th November 2023.
Written by Amit Madnani
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