Dividends represent a portion of a company’s profits distributed to its shareholders as a reward for their investment. These regular payments provide investors with a steady income stream and signal a company’s financial health and stability. Understanding dividend policies and trends is crucial for investors seeking income and long-term wealth accumulation.
Here are the five stocks that will trade ex-dividend in the coming week:
HCL Technologies Ltd
HCL Tech specializes in transformational outsourcing and provides a comprehensive range of services, including software-led IT solutions, remote infrastructure management, engineering and R&D services, and BPO.
With a market capitalization of Rs 4.31 lakh crore, the share closed at Rs 1,591.60 per share, decreased around 0.06 percent as compared to the previous closing price. The company has a dividend yield of 3.26 percent.
The firm issued an Interim dividend of Rs 12 per equity share, representing a 600% payout over the face value of Rs 2 per share. The dividend’s Record Date is July 23, 2024.
Shree Cement Ltd
Shree Cement manufactures and sells cement and cement-related goods, and it is one of the country’s lowest-cost producers. It is India’s third-largest cement manufacturer, having a total installed capacity of 46.4 MTPA.
With a market capitalization of Rs 97,887.43 crore, the share closed at Rs 27,130.10 per share, decreased around 3.33 percent as compared to the previous closing price. The company has a dividend yield of 0.37 percent.
The firm issued a Final dividend of Rs 55 per equity share, representing a 550% payout over the face value of Rs 10 per share. The dividend’s Record Date is July 23, 2024.
Hatsun Agro Product Ltd
Hatsun Agro Product Limited has been in operation for over five decades and has grown to become the largest private-sector industry in the dairy sector, producing and marketing milk and milk products, ice cream, and so on.
With a market capitalization of Rs 27,601.85 crore, the share closed at Rs 1,242.35 per share, increased around 0.34 percent as compared to the previous closing price. The company has a dividend yield of 0.48 percent.
The firm issued a Interim dividend of Rs 6 per equity share, representing a 600% payout over the face value of Rs 1 per share. The dividend’s Record Date is July 24, 2024.
Honeywell Automation India Ltd
Honeywell Automation India Limited (HAIL) specializes in automation and control solutions. The Company engages in three automation sectors: manufacturing electronic systems and components, repair and maintenance, and trading machinery, equipment, and supplies.
With a market capitalization of Rs 47,351.70 crore, the share closed at Rs 53,556.05 per share, decreased around 2.61 percent as compared to the previous closing price. The company has a dividend yield of 0.18 percent.
The firm issued a Final dividend of Rs 100 per equity share, representing a 1000% payout over the face value of Rs 10 per share. The dividend’s Record Date is July 24, 2024.
Bhansali Engineering Polymers Ltd
Bhansali Engineering Polymers Ltd manufactures and sells ABS resins, AES resins, ASA resins, SAN resins, and their alloys, as well as other plastics in the Indian market. Its clientele includes top manufacturers of automobiles, home appliances, electronics, healthcare, and kitchenware.
With a market capitalization of Rs 3,449.18 crore, the share closed at Rs 138.60 per share, decreased around 4.58 percent as compared to the previous closing price. The company has a dividend yield of 2.75 percent.
The firm issued an Interim dividend of Rs 1 per equity share, representing a 100% payout over the face value of Rs 1 per share. The dividend’s Record Date is July 25, 2024.
Written by:- Abhishek Singh
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