Investors primarily make money in the stock market through capital appreciation and through dividends. Dividends are a part of the company’s profits that are paid to shareholders whose names appear in the register of members as on the record date.
The ex-date is the date on which a stock starts trading without the benefit of the dividend. These days, the ex-date and the record date lie on the same day since all the instruments have been moved to the T+1 settlement cycle.
Here are a few stocks that will be trading ex-dividend next week:
REC
REC is a Central Public Sector Undertaking involved in financing projects in the complete power sector value chain from generation to distribution. The company’s shares closed at ₹ 166 apiece on Friday, with a market capitalization of ₹ 43,633 crores.
It declared a dividend of ₹ 4.35 per share. The company’s shares will be trading ex-dividend on July 14, 2023. REC has a dividend yield of 7.61 percent.
PTL Enterprises
PTL Enterprises is a tyre company that became an associate company of Apollo Tyres in 1995. Its shares closed at ₹ 36.9 apiece on Friday, with a market capitalization of ₹ 489 crores.
It declared a final dividend of ₹ 1.75 per share. The company’s shares will be trading ex-dividend on July 14, 2023, and it has a dividend yield of 4.74 percent.
Ujjivan Small Finance Bank
Ujjivan Small Finance Bank is a mass market-focused bank in India, catering to financially unserved and underserved segments and committed to building financial inclusion in the country. Its shares closed at ₹41.6 apiece on Friday, with a market capitalization of ₹ 8,142 crores.
It declared a final dividend of ₹ 0.5 per share. The company’s shares will be trading ex-dividend on July 14, 2023, and it has a dividend yield of 3.04 percent.
Ksolves India Ltd
Ksolves India is engaged in software development, enterprise solutions, consulting & providing IT solutions to companies across sectors such as Real Estate, E-commerce, Finance, Telecom and Healthcare. Its shares closed at ₹ 894 apiece on Friday, with a market capitalization of ₹ 1,059 crores.
It declared a final dividend of ₹ 8 per share. The company’s shares will be trading ex-dividend on July 14, 2023, and it has a dividend yield of 2.62 percent.
Bosch
Bosch has a presence across automotive, technology, industrial technology, consumer goods and building technology. Its shares closed at ₹ 19,808 apiece on Friday, with a market capitalization of ₹ 58,418 crores.
The company declared a final dividend of ₹ 280 per share. Its shares will be trading ex-dividend on July 14, 2023, and it has a dividend yield of 2.46 percent.
Mahindra & Mahindra
Mahindra & Mahindra is an automotive company with a presence across 2-wheelers, 3-wheelers, PVs, CVs, tractors & earthmovers. Its shares closed at ₹ 1,564 apiece on Friday, with a market capitalization of ₹ 1,94,519 crores.
The company declared a final dividend of ₹ 16.25 per share. Its shares will be trading ex-dividend on July 14, 2023, and it has a dividend yield of 1.05 percent.
Persistent Systems
Persistent Systems provides software engineering and strategy services to help companies implement and modernize their businesses. Its shares closed at ₹ 4,823 apiece on Friday, with a market capitalization of ₹ 36,853 crores.
The company declared a final dividend of ₹ 12.00 per share and a special dividend of ₹ 10.00. Its shares will be trading ex-dividend on July 11, 2023, and it has a dividend yield of 0.82 percent.
A few other stocks that will be trading ex-dividend next week are Shanti Gears, Coromandel International, Apollo Tyres, Birlasoft, Wendt, Dr Reddy’s Laboratories, Balkrishna Industries, AstraZeneca, Titan Company and Neuland Laboratories.
Written by Simran Bafna
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