The Indian benchmarks have started the second week of august in green. The S&P BSE settled at 58,853, up 465 points or 0.8 per cent. The Nifty50, on the other hand, gained 128 points, or 0.73 per cent, to close at 17,525.
Investing in dividend stocks exposes the investor to additional income in the form of dividends along with capital appreciation. Here are the stocks which will trade ex-dividend this week:
City Union Bank
The bank has announced a final dividend of 100% of its face value of Rs 1 which amounts to Rs 1 per share. The stock will turn ex-dividend on August 10th and the record date has been set as August 11th, 2022. The dividend yield of the bank is 0.61%.
The shares of the company were up by 1.15% and closed at Rs 162.9 on Monday.
Balkrishna Industries Limited
The company has announced a final dividend of 200% of its face value of Rs 2 which amounts to Rs 2 per share. The stock will turn ex-dividend on August 11th and the record date has been set as August 13th, 2022. The dividend yield of the bank is 0.61%.
The shares of the company were down by 0.3% and closed at Rs 2,155 on Monday.
Godfrey Phillips India Limited
The tobacco company has announced a final dividend of 1400% of its face value of Rs 2 which amounts to Rs 28per share. The stock will turn ex-dividend on August 11th and the record date has been set as August 13th, 2022. The dividend yield of the company is 2.32%.
The shares of the company were up by 1.4% and closed at Rs 1,202 on Monday.
Divis Laboratories Limited
The pharmaceutical company will pay a final dividend of 1500% of its face value of Rs 2 amounting to Rs 30 per share. The stock will turn ex-dividend on August 11th and the record date has been set as August 13th, 2022. The dividend yield of the company is 2.32%.
The shares of the company were up by 0.5% and closed at Rs 3,935 on Monday.
Jubilant Pharmova Limited
The company has announced a final dividend of 500% of its face value of Rs 1 which comes up to Rs 5 per share. The stock will turn ex-dividend on August 11th and the record date has been set as August 12th, 2022. The dividend yield of the company is 1.44%.
The shares of the company were down by 0.8% and closed at Rs 349 on Monday.
Eicher Motors Limited
The motor giant has approved the payment of a final dividend of 2100% of its face value of Rs 1 which adds up to Rs 21 per share. The stock will turn ex-dividend on August 12th and the record date has been set as August 18th, 2022. The dividend yield of the company is 0.67%.
The shares of the company were down by 0.98% and closed at Rs 3,119 on Monday.
Written by – Anoushka Roy
Disclaimer
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
