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 six stocks that will be trading ex-dividend next week:
Godrej Consumer Products Ltd
Godrej Consumer Products is engaged in a fast moving consumer goods Company, manufacturing and marketing Household and Personal Care products.
The company has declared an Interim dividend of Rs 10 per share equating to an 1000 percent payout as compared to the face value of Rs 1. The ex-dividend date has been fixed as 14th May 2024.
The company has a dividend yield of 1.14 percent. On Friday, the company’s shares closed at Rs 1,321 with a market capitalization of Rs 1,35,109 crores.
Ador Welding Ltd
Ador Welding is a leading player in the field of welding products, technologies and services. Moreover, it provides customized solutions for multi-disciplinary projects and contracts related to refineries, oil and gas, petrochemicals, and other sectors.
The company has declared an Interim dividend of Rs 18.5 per share equating to an 185 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 15th May 2024.
The company has a dividend yield of 1.44 percent. On Friday, the company’s shares closed at Rs 1,298 with a market capitalization of Rs 1,766 crores.
Coforge Ltd
Coforge is an IT services company providing end-to-end software solutions and services. Coforge has made significant strides in the AI business, developing a range of AI products and services that showcase its commitment to innovation in AI technology.
The company has declared an Interim dividend of Rs 19 per share equating to an 190 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 15th May 2024.
The company has a dividend yield of 1.74 percent. On Friday, the company’s shares closed at Rs 4,465 with a market capitalization of Rs 27,605 crores.
Tata Consultancy Services Ltd
Tata Consultancy Services is engaged in the business of IT services, consulting, and business solutions. The company offers a consulting-led, cognitive-powered, integrated portfolio of business, technology, and engineering services and solutions.
The company has declared an Interim dividend of Rs 28 per share equating to an 2800 percent payout as compared to the face value of Rs 1. The ex-dividend date has been fixed as 16th May 2024.
The company has a dividend yield of 1.39 percent. On Friday, the company’s shares closed at Rs 3,894 with a market capitalization of Rs 14,08,847 crores.
Craftsman Automation Ltd
Craftsman is the largest player in the machining of cylinder blocks for medium and heavy commercial vehicles. Company caters to automotive, industrial, and engineering industries.
The company has declared an Final dividend of Rs 11.25 per share to the face value of Rs 5. The ex-dividend date has been fixed as 17th May 2024.
The company has a dividend yield of 0.26 percent. On Friday, the company’s shares closed at Rs 4,301 with a market capitalization of Rs 9,807 crores.
Hindustan Zinc Ltd
Hindustan Zinc Ltd is engaged in the manufacturing of three qualities of zinc — special high-grade zinc used in construction, infrastructure, and household appliances. The company also manufactures pure lead used in lead acid batteries, ceramic glazes, electrodes, etc, and silver used in photographic material, conductors, and jewellery.
The company has declared an Interim dividend of Rs 10 per share equating to an 500 percent payout as compared to the face value of Rs 2. The ex-dividend date has been fixed as 15th May 2024.
The company has a dividend yield of 2.63 percent. On Friday, the company’s shares closed at Rs 526 with a market capitalization of Rs 2,22,041 crores.
Written by Omkar Chitnis
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