The dividend is the amount of money that a company pays to its shareholders as dividends on a per-share basis. On the other side, the dividend yield reflects how much a company pays in dividends each year depending on its stock price.
Whether you’re a seasoned investor or a beginner, understanding these opportunities can be key to building a stable and rewarding investment portfolio.
Following are five stocks that will be trading ex-dividend next week.
Sun TV Network Limited
Sun TV Network produces and broadcasts satellite television and radio software programmes in the regional languages of the Southern part of India.
The company has declared an Interim dividend of Rs. 3 per share, having a face value of Rs. 5. The ex-dividend date has been fixed as 8th April 2024.
The company has a dividend yield of 2.7 percent. With a market capitalisation of Rs. 24,520 crore, the company’s shares moved up by 0.61 percent on BSE and closed at Rs. 622.80.
Goodluck India Limited
The company has declared an Interim dividend of Rs. 2 per share equating to a 100 percent payout as compared to the face value of Rs. 2. The ex-dividend date has been fixed as 12th April 2024.
The company has a dividend yield of 0.51 percent. The share price of Goodluck India moved down by 1.5 percent on BSE and closed at Rs. 972.95, with a market capitalisation of Rs. 3,091.4 crore.
Established in 1986, Goodluck India Limited is engaged in the manufacturing and exporting of a broad range of engineering products like sheets, pipes, engineering structures, fabricated structures, forgings, and automobile tubes.
Mold-Tek Technologies Limited
Established in 2001, the company is an engineering and technology solutions provider company in India, that provides structural engineering and detailing, mechanical engineering services and IT services.
Mold-Tek Technologies has declared an Interim dividend of Rs. 2 per share equating to a 100 percent payout as compared to the face value of Rs. 2.
The ex-dividend date has been fixed as 12th April 2024.
The company has a dividend yield of 1.37 percent. On Friday, the company’s shares moved up by 7.34 percent to Rs. 246.95, compared to its previous closing price of Rs. 230.05, with a market capitalisation of Rs. 681.95 crore.
Indian Metals & Ferro Alloys Limited
The company has declared a Special dividend of Rs. 15 per share equating to a 150 percent payout as compared to the face value of Rs. 10. The ex-dividend date has been fixed as 8th April 2024.
With a market cap of Rs. 3,984 crore, the company has a dividend yield of 1.35 percent. The share price of this small-cap stock jumped by nearly 2.27 percent on BSE to Rs. 749.95 in the trading session of Friday, compared to its previous closing price of Rs. 733.3.
Established in 1961, Indian Metals and Ferro Alloys (IMFA) Limited is India’s largest producer of ferro chrome and extensive chrome ore mining tracts. The company’s ferro chrome output is primarily exported to Korea, China, Japan and Taiwan.
Vesuvius India Limited
The company has declared a Final dividend of Rs. 12.75 per share equating to a 127.50 percent payout as compared to the face value of Rs. 10. The ex-dividend date has been fixed as 10th April 2024.
The company has a dividend yield of 0.37 percent. On Friday, the company’s shares moved down by 0.35 percent on BSE and closed at Rs. 3,419.6, with a market capitalisation of Rs. 6,940.45 crore.
Vesuvius India Limited is a global leader in molten metal flow engineering and technology and is primarily engaged in the manufacturing and trading of refractory goods.
The company is also engaged the offering services in relation to refractory goods and serves to both domestic and international markets.
Written by Shivani Singh
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