What do we mean by ‘Dividend’?
Dividend refers to a reward, cash or otherwise, that a company gives to its shareholders. Dividends can be issued in various forms, such as cash payment, stocks or any other form. A company’s dividend is decided by its board of directors and it requires the shareholders’ approval.
Generally, it is observed that investors prefer to put their money in dividend-paying stocks because the same generates regular income, is less volatile, offers risk diversification, etc.
Following is a list of 6 stocks that are going to trade Ex-Dividend in the coming week:
Hindustan Zinc Ltd
Hindustan Zinc Ltd is engaged in mining and smelting of zinc, Lead and silver, and cadmium metal and also power generation through captive power plants and wind power plants. The company produces products under the brand name of HZL and Vedanta. Its segments include Zinc, Lead, Silver and others; and Wind energy.
The company has declared an interim dividend of 1,300 percent on a face value of Rs 2 which amounts to Rs 26 per share. The record date and ex-dividend date is fixed to be 29th March 2023.
SBI Cards and Payment Services Ltd
SBI Cards and Payment Services Ltd is a credit card issuer in India. The company offers a credit card portfolio to individual cardholders and corporate clients which includes lifestyle, rewards, travel and fuel, shopping, banking partnership cards, and corporate cards covering all cardholder segments in terms of income profiles and lifestyles.
The company has declared an interim dividend of 25 percent on a face value of Rs 10 which amounts to Rs 2.50 per share. The record date and ex-dividend date is fixed to be 29th March 2023.
CRISIL Ltd
Crisil provides research and analytics solutions for clients of all sizes. It operates through segments of research, ratings, and advisory. The research segment, which generates the largest portion of the company’s revenue, provides industry reports, research services, data services, equity research, and IPO gradings.
The company has declared a final dividend of 2,300 percent on a face value of Rs 1 which amounts to Rs 23 per share. The ex-dividend date is fixed to be 31st March 2023.
Angel One Ltd
Angel One Ltd is a retail broking house in India. It is a technology-led financial services company providing broking and advisory services, margin funding, loans against shares, and financial products distribution to clients under the brand Angel Broking. The broking and allied services are offered through an online and digital platform.
The company has declared an interim dividend of 96 percent on a face value of Rs 10 which amounts to Rs 9.60 per share. The record date and ex-dividend date is fixed to be 31st March 2023.
Indraprastha Gas Limited
Indraprastha Gas Ltd, or IGL, is an Indian utility company that derives nearly all of its revenue from the sale of natural gas. IGL supplies compressed natural gas (CNG) to the transport sector and piped natural gas (PNG) to domestic, industrial, and commercial sector customers.
The company has declared an interim dividend of 500 percent on a face value of Rs 2 which amounts to Rs 10 per share. The record date and ex-dividend date is fixed to be 31st March 2023.
Dwarikesh Sugar Industries Ltd
Dwarikesh Sugar Industries Ltd is a multi-faceted, diversified industrial group engaged in the manufacture of the finest grains of sugar, as well as allied products. The business activity of the group is functioned through Sugar, Co-generation and Distillery segments.
The company has declared an interim dividend of 200 percent on a face value of Rs 1 which amounts to Rs 2 per share. The record date and ex-dividend date is fixed to be 31st March 2023.
Written by Amit Madnani
Disclaimer
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