Dividends are a percentage of a company’s profits delivered to shareholders as compensation for their investment. These monthly payments offer investors a consistent income stream and demonstrate a company’s financial health and stability.
Understanding dividend policies and patterns is critical for investors looking to generate income and build capital over time.
Here are the five stocks that will trade ex-dividend in the coming week:
EIH Associated Hotels Ltd
EIH Associated Hotels Limited owns, manages, and operates five-star hotels, including premium properties. The company owns and runs 20 Oberoi Hotels & Resorts and 10 Trident Hotels five-star properties. Clarkes Hotel in Shimla and the Maidens Hotel in New Delhi.
With a market capitalization of Rs 2,668 crore, the share closed at Rs 875 per share, decreased around 0.72 percent as compared to the previous closing price. The company has a dividend yield of 0.68 percent.
The firm issued a Final dividend of Rs 6 per equity share, representing a 60% payout over the face value of Rs 10 per share. The dividend’s Record Date is August 13, 2024.
Great Eastern Shipping Company Ltd
The Great Eastern Shipping Company Limited transports crude oil, petroleum products, gas, and dry bulk cargoes. The company operates in the shipping business industry. Our customers include oil firms, refineries, manufacturers, miners, and producers, among others.
With a market capitalization of Rs 19,002 crore, the share closed at Rs 1,331 per share, decreased around 2.03 percent as compared to the previous closing price. The company has a dividend yield of 3.22 percent.
The firm issued an Interim dividend of Rs 9 per equity share, representing a 90% payout over the face value of Rs 10 per share. The dividend’s Record Date is August 13, 2024.
Lloyds Metals & Energy Ltd
Lloyds Metals and Energy Limited is an India-based firm that mines iron ore, produces sponge iron and generates power. It works in three segments: sponge iron, mining, and power. The Sponge Iron section comprises the production and manufacture of sponge iron.
With a market capitalization of Rs 39,894 crore, the share closed at Rs 763 per share, increased around 3.35 percent as compared to the previous closing price. The company has a dividend yield of 0.13 percent.
The firm issued a Final 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 August 13, 2024.
H.G. Infra Engineering Ltd
H.G. Infra Engineering Limited is an India-based firm that builds, develops, designs and manages infrastructure projects. The company provides engineering, procurement, and construction (EPC) services, as well as maintenance of infrastructure such as highways, bridges, and flyovers.
With a market capitalization of Rs 10,512 crore, the share closed at Rs 1,613 per share, decreased around 0.72 percent as compared to the previous closing price. The company has a dividend yield of 0.01 percent.
The firm issued a Final dividend of Rs 1.5 per equity share, representing a 15% payout over the face value of Rs 10 per share. The dividend’s Record Date is August 14, 2024.
RailTel Corporation of India Ltd
RailTel Corporation of India Limited is a neutral telecom infrastructure provider situated in India. The company has a Pan-India optic fiber network located on train tracks. The company’s segments are Telecom Services and Project Work Services.
With a market capitalization of Rs 15,052 crore, the share closed at Rs 469 per share, increased around 2.36 percent as compared to the previous closing price. The company has a dividend yield of 0.62 percent.
The firm issued a Final dividend of Rs 1.85 per equity share, representing an 18.50% payout over the face value of Rs 10 per share. The dividend’s Record Date is August 14, 2024.
Written by:- Abhishek Singh
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