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.
Here are the ten stocks that will be trading ex-dividend next week:
Andhra Paper Limited
With a dividend yield of 1.74 percent, the company announced a Final dividend of Rs. 10 per share equating to a 100% payout as compared to the face value of Rs. 10. The date of the ex-dividend has been fixed for 5th August 2024.
The shares of one of the largest integrated paper and pulp manufacturers surged by 0.5 percent on BSE to Rs. 577.75 on Friday, compared to its previous closing price of Rs. 575.25, with a market capitalisation of Rs. 2,294.7 crores.
Incorporated in 1964, Andhra Paper Limited is an integrated paper and pulp manufacturer, with a presence in all segments of papers viz; writing, printing, industrial and copier papers.
Berger Paints India Limited
With a dividend yield of 0.63 percent, the company announced a Final dividend of Rs. 3.5 per share equating to a 350% payout as compared to the face value of Rs. 1. The date of the ex-dividend has been fixed for 5th August 2024.
The stock surged by 0.5 percent on BSE to Rs. 555.5 on Friday, compared to its previous closing price of Rs. 552.6, with a market capitalisation of Rs. 63,961.4 crores.
Berger Paints India Limited is engaged in the business of manufacturing and sale of paints.
Britannia Industries Limited
With a dividend yield of 1.28 percent, the company announced a Final dividend of Rs. 73.5 per share equating to a 7350% payout as compared to the face value of Rs. 1. The date of the ex-dividend has been fixed for 5th August 2024.
The shares of one of India’s leading food companies surged by 1.3 percent on BSE to Rs. 5,801.1 on Friday, compared to its previous closing price of Rs. 5,728.65, with a market capitalisation of Rs. 1.38 lakh crores.
Britannia Industries Limited is primarily involved in the business of manufacturing and sale of various food products. Its product portfolio includes biscuits, bread, cakes, rusk, and dairy products including cheese, beverages, milk and yoghurt.
Gandhi Special Tubes Limited
With a dividend yield of 1.57 percent, the company announced a Final dividend of Rs. 13 per share equating to a 260% payout as compared to the face value of Rs. 5. The date of the ex-dividend has been fixed for 5th August 2024.
The stock surged by 4.4 percent on BSE to Rs. 865 on Friday, compared to its previous closing price of Rs. 828.65, with a market capitalisation of Rs. 1,039 crores.
Gandhi Special Tubes Limited is engaged in the business of manufacturing of seamless and welded steel tubes, nuts and generation of wind power.
Hercules Hoists Limited
With a dividend yield of 0.65 percent, the company announced a Final dividend of Rs. 4 per share equating to a 400% payout as compared to the face value of Rs. 1. The date of the ex-dividend has been fixed for 5th August 2024.
The stock surged by 1.8 percent on BSE to Rs. 627.55 on Friday, compared to its previous closing price of Rs. 616.1, with a market capitalisation of Rs. 1,983.7 crores.
Incorporated in 1962, Hercules Hoists Limited is engaged in offering a diverse range of products and services including manufacturing, sales, distribution and marketing of mechanical hoists, electric chain hoists and wire rope hoists, stackers and storage and retrieval solutions, overhead cranes in the standard and extended standard range, manipulators and material handling automation solutions.
Somany Ceramics Limited
With a dividend yield of 0.39 percent, the company announced a Final dividend of Rs. 3 per share equating to a 150% payout as compared to the face value of Rs. 2. The date of the ex-dividend has been fixed for 5th August 2024.
On Friday, the stock closed at Rs. 740.3, compared to its previous closing price of Rs. 774.45, with a market capitalisation of Rs. 3,035.5 crores.
Somany Ceramics Limited is a manufacturer and trader of complete decor solutions and a product portfolio ranging from ceramic wall and floor tiles to polished vitrified tiles, glazed vitrified tiles, sanitaryware, bath fittings, and much more.
Grasim Industries Limited
With a dividend yield of 0.36 percent, the company announced a Final dividend of Rs. 10 per share equating to a 500% payout as compared to the face value of Rs. 2. The date of the ex-dividend has been fixed for 6th August 2024.
On Friday, the shares of a flagship company of the Aditya Birla Group closed at Rs. 2,701.9, compared to its previous closing price of Rs. 2,766.7, with a market capitalisation of Rs. 1.84 lakh crores.
Incorporated in 1947, Grasim Industries Limited is engaged primarily in the business of cellulosic fibres (pulp, fibre and yarn), chemicals (caustic soda, speciality and allied chemicals), building materials (paints and B2B e-commerce) and others (insulators and textiles).
Morganite Crucible (India) Limited
With a dividend yield of 2.69 percent, the company announced a Final dividend of Rs. 12 per share equating to a 240% payout as compared to the face value of Rs. 5. The date of the ex-dividend has been fixed for 6th August 2024.
The shares of a leading manufacturer of high-performance crucibles, foundry consumables, and allied refractory products, surged by 2.7 percent on BSE to Rs. 1,530 on Friday, compared to its previous closing price of Rs. 1,489.35, with a market capitalisation of Rs. 839.3 crores.
Morganite Crucible (India) Limited, a part of US-based Morgan Advanced Materials Plc., is engaged in the manufacturing and selling of silicon carbide and clay graphite crucibles and its accessories.
Usha Martin Limited
With a dividend yield of 0.72 percent, the company announced a Final dividend of Rs. 2.75 per share equating to a 275% payout as compared to the face value of Re. 1. The date of the ex-dividend has been fixed for 6th August 2024.
On Friday, the stock closed at Rs. 370.2, compared to its previous closing price of Rs. 380.8, with a market capitalisation of Rs. 11,281.5 crores.
Usha Martin Limited is engaged in the business of wire and wire ropes – manufacture and sale of steel wires, strands, wire ropes, cord, related accessories, wire drawing and allied machines, etc., along with the manufacturing and sale of jelly-filled and optical fibre telecommunication cables.
Eicher Motors Limited
With a dividend yield of 1.03 percent, the company announced a Final dividend of Rs. 51 per share equating to a 5100% payout as compared to the face value of Rs. 1. The date of the ex-dividend has been fixed for 7th August 2024.
On Friday, the stock closed at Rs. 4,724.4, compared to its previous closing price of Rs. 4,967.95, with a market capitalisation of Rs. 1.29 lakh crores.
Eicher Motors Limited is engaged in the manufacturing, selling, and distribution of motorcycles, as well as the trading of spare parts and related services.
Written by Shivani Singh
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