The dividend is the amount of money a company pays to its shareholders as dividends on a per-share basis, whereas, the dividend yield reflects how much a company pays in dividends each year depending on its stock price.
Following are eight stocks that will be trading ex-dividend next week.
Alembic Pharmaceuticals Limited
With a dividend yield of 1.11 percent, the company announced a Final dividend of Rs. 11 per share equating to a 550% payout as compared to the face value of Rs. 2. The date of the ex-dividend has been fixed for 15th July 2024.
The shares of a vertically integrated research and development pharmaceutical company moved up by 1.3 percent on BSE to hit an intraday high at Rs. 1,012.15 on Friday, compared to its previous closing price of Rs. 999.5, with a market capitalisation of Rs. 19,391 crore.
Alembic Pharmaceuticals Limited, one of the leaders in branded generics in India, is engaged in the business of manufacturing and marketing generic pharmaceutical products worldwide.
Rane Brake Lining Limited
With a dividend yield of 2.86 percent, the company announced a Final dividend of Rs. 30 per share equating to a 300% payout as compared to the face value of Rs. 10. The date of the ex-dividend has been fixed for 15th July 2024.
The shares of a leading manufacturer of Brake Linings, Disc Pads and Clutch Facings moved up by 3.3 percent on BSE to hit an intraday high at Rs. 1,071.1 on Friday, compared to its previous closing price of Rs. 1037.2, with a market capitalisation of Rs. 811.2 crore.
Rane Brake Lining Limited is engaged in the manufacturing of brake linings, disc pads, clutch facings, clutch buttons, brake shoes and railway brake blocks which have applications mainly in the automobile industry.
Siyaram Silk Mills Limited
With a dividend yield of 2.19 percent, the company announced a Final dividend of Rs. 4 per share equating to a 200% payout as compared to the face value of Rs. 2. The date of the ex-dividend has been fixed for 15th July 2024.
The shares of one of the largest producers of blended high fashion suitings, shirtings and apparels moved up by 2 percent on BSE to hit an intraday
high at Rs. 533.6 on Friday, compared to its previous closing price of Rs. 523.1, with a market capitalisation of Rs. 2,308.2 crore.
Established in 1978, Siyaram Silk Mills Limited is engaged in the business of manufacturing, branding and marketing of fabrics, readymade garments and indigo-dyed yarn.
Mahindra & Mahindra Financial Services Limited
With a dividend yield of 2.07 percent, the company announced a Final dividend of Rs. 6.3 per share equating to a 315% payout as compared to the face value of Rs. 2. The date of the ex-dividend has been fixed for 16th July 2024.
The shares of one of India’s leading non-banking finance companies moved up by 1.4 percent on BSE to hit an intraday high at Rs. 305.45 on Friday, compared to its previous closing price of Rs. 301.2, with a market capitalisation of Rs. 36,812.6 crore.
Mahindra & Mahindra Financial Services Limited is a Non-Banking Financial Company (NBFC) primarily engaged in financing new and pre-owned auto, utility vehicles, tractors, passenger cars and commercial vehicles through its pan India branch network.
The company has a diversified lending portfolio across retail, small and medium enterprises and commercial customers with a significant presence in rural and semi-urban India.
Amara Raja Energy & Mobility Limited
With a dividend yield of 0.6 percent, the company announced a Final dividend of Rs. 5.1 per share equating to a 510% payout as compared to the face value of Rs. 1. The date of the ex-dividend has been fixed for 18th July 2024.
The shares of one of India’s leading battery manufacturers moved up by 0.5 percent on BSE to hit an intraday high at Rs. 1,658.2 on Friday, compared to its previous closing price of Rs. 1,650.15, with a market capitalisation of Rs. 29,613.5 crore.
Amara Raja Energy & Mobility Limited is one of the largest manufacturers of energy storage products for both industrial and automotive applications in India.
The company encompasses a wide range of solutions and products including energy storage solutions, Lithium-ion cell manufacturing, EV chargers, Li-ion battery pack assembly, automotive and industrial lubricants, and exploration of new chemistries, among others.
Praj Industries Limited
With a dividend yield of 0.82 percent, the company announced a Final dividend of Rs. 6 per share equating to a 300% payout as compared to the face value of Rs. 2. The date of the ex-dividend has been fixed for 18th July 2024.
With a market capitalisation of Rs. 13,309 crore, shares of this industrial biotechnology company have delivered positive returns of around 77 percent in the last one year and nearly 30 percent returns year-to-date.
Incorporated in 1985, Praj Industries Limited provides a wide range of sustainable solutions for bioenergy, high-purity water, critical process equipment, breweries & beverages, and industrial wastewater treatment.
The company offers novel technologies, products, and services for all the requirements related to an ethanol plant.
Tanla Platforms Limited
With a dividend yield of 1.25 percent, the company announced a Final dividend of Rs. 6 per share equating to a 600% payout as compared to the face value of Rs. 1. The date of the ex-dividend has been fixed for 18th July 2024.
The shares of India’s largest CPaaS provider moved up by 3.8 percent on BSE to hit an intraday high at Rs. 970.1 on Friday, compared to its previous closing price of Rs. 934.45, with a market capitalisation of Rs. 12,827.5 crore.
Founded in 1999, Tanla Platforms Limited, formerly known as Tanla Solutions Ltd, is one of the leading cloud communications providers enabling businesses to communicate with their customers, stakeholders and intended recipients.
Abbott India Limited
With a dividend yield of 1.49 percent, the company announced a Final dividend of Rs. 410 per share equating to a 4100% payout as compared to the face value of Rs. 10. The date of the ex-dividend has been fixed for 19th July 2024.
The stock moved up by 0.2 percent on BSE to hit an intraday high at Rs. 27,883.35 on Friday, compared to its previous closing price of Rs. 27,823.05, with a market capitalisation of Rs. 58,325.5 crore.
Abbott India Limited provides a wide range of nutritional items based on science, diagnostic tools, branded generic medications, and diabetic and vascular devices.
Written by Shivani Singh
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