On Monday afternoon, The Sensex was down 711.89 points or 1.19% at 58934.26, and the Nifty was down 216.50 points or 1.22% at 17542.
Amid the volatility in the market, dividends are considered to be a passive source of income. Here are some stocks that will trade ex-dividend this week:
Jubilant Ingrevia Limited
The Stock has announced a final dividend of 250% of its face value of Rs 1 which amounts to Rs 2.5 per share. The stock will turn ex-dividend on August 23rd and the record date has been set as August 24th, 2022. The dividend yield of the stock is 1.04%
The shares of the company were down by 0.75% and trading at Rs 482 levels on Monday.
Forbes Gokak Limited
The textile stock has announced a special dividend of 650% of its face value of Rs 10 which amounts to Rs 65 per share. The stock will turn ex-dividend on August 24th and the record date has been set as August 25th, 2022. The dividend yield of the stock is 7.08%
The shares of the company were locked in an upper circuit of 10% at Rs 917.75 on Monday.
Hinduja Global Solutions Limited
The stock has announced an interim dividend of 50% of its face value of Rs 10 which amounts to Rs 5 per share. The stock will turn ex-dividend on August 24th and the record date has been set as August 25th, 2022. The dividend yield of the stock is 14.20%
The shares of the company were up by 4% and were trading at Rs 1,548 on Monday.
Life Insurance Corporation of India Limited
The largest insurance stock has announced a final dividend of 15% of its face value of Rs 10 which amounts to Rs 1.5 per share. The stock will turn ex-dividend on August 25th and the record date has been set as August 26th, 2022. The dividend yield of the stock is 0.22%
The shares of the company were down by 1.37% and were trading at Rs 676 on Monday.
Symphony Limited
The stock has announced a final dividend of 300% of its face value of Rs 2 which amounts to Rs 6 per share. The stock will turn ex-dividend on August 25th. The record date is set typically after a day or two of ex-dividends. The dividend yield of the stock is 1.02%
The shares of the company were down by 2.3% and were trading at Rs 881 on Monday.
Godawari Power & Ispat Limited
The steel stock has announced a final dividend of 170% of its face value of Rs 5 which amounts to Rs 8.5 per share. The stock will turn ex-dividend on August 25th and the record date has been set as August 26th, 2022. The dividend yield of the stock is 3.64%
The shares of the company were down by 0.3% and were trading at Rs 302 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.
