The Indian benchmarks started the second week of August in green. As of 13:15 IST, the S&P BSE was up 234 points or 0.36%. The Nifty50, on the other hand, was trading at 17,881 points, up 0.41% or 73 points.
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:
BPCL
The state-run oil and gas company has announced a final dividend of 60% of its face value of ₹ 1 which amounts to ₹ 6 per share. The stock will turn ex-dividend on August 19th. The company currently has a dividend yield of 4.64%.
As of 13:24 IST, the stock was trading at ₹ 344 per share, up 3.13% for the day.
Sun Pharma
Large-cap pharma player has announced a final dividend of 300% of its face value of ₹ 1 which amounts to ₹ 3 per share. The stock will turn ex-dividend on August 19th for which the record date has been set as August 22nd. The company currently has a dividend yield of 1.09%.
As of 13:24 IST, the stock was trading at ₹ 915 per share, up 0.23% for the day.
Berger Paints
Kolkata-headquartered Berger Paints has announced a final dividend of 310% of its face value of ₹ 1 which amounts to ₹ 3.1 per share. The stock will turn ex-dividend on August 18th. The company currently has a dividend yield of 0.46%.
As of 14:03 IST, the stock was trading at ₹ 681 per share, up 0.69% for the day.
ONGC
State-owned ONGC has announced a final dividend of 65% of its face value of ₹ 5 which amounts to ₹ 3.25 per share. The stock will turn ex-dividend on August 18th. The company currently has a high dividend yield of 7.51%.
As of 14:03 IST, the stock was trading at ₹ 140 per share, up 0.45% for the day.
Reliance Industries
Mukesh Ambani-led Reliance Industries Ltd. has announced a final dividend of 80% of its face value of ₹ 10 which amounts to ₹ 8 per share. The stock will turn ex-dividend on August 18th for which the record date has been set as August 19th. The company currently has a low dividend yield of 0.30%.
As of 14:03 IST, the stock was trading at ₹ 2,643 per share, up 0.30% for the day.
Apollo Hospitals
Apollo Hospitals Enterprises has announced a final dividend of 235% of its face value of ₹ 5 which amounts to ₹ 11.75 per share. The stock will turn ex-dividend on August 18th for which the record date has been set as August 19th. The company currently has a low dividend yield of 0.27%.
As of 14:03 IST, the stock was trading at ₹ 4,330 per share, up 0.40% for the day.
Info Edge
Sanjiv Bikhchandani-led Info Edge has announced a final dividend of 50% of its face value of ₹ 10 which amounts to ₹ 5 per share. The stock will turn ex-dividend on August 18th. The company currently has a low dividend yield of 0.29%.
As of 14:14 IST, the stock was trading flat at ₹ 4,433 per share.
IRCTC
IRCTC has announced a final dividend of 75% of its face value of ₹ 2 which amounts to ₹ 1.50 per share. The stock will turn ex-dividend on August 18th. The company currently has a low dividend yield of 0.52%.
As of 14:14 IST, the stock was trading flat at ₹ 669 per share, up 0.43% for the day.
Gujarat Gas
India’s largest city gas distribution company has announced a final dividend of 100% of its face value of ₹ 2 which amounts to ₹ 2 per share. The stock will turn ex-dividend on August 19th for which the record date has been set as 22nd August. The company currently has a low dividend yield of 0.42%.
As of 14:14 IST, the stock was trading flat at ₹ 477 per share, down 0.47% for the day.
Written by Vikalp Mishra
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.
