Benchmark Indices slipped on Friday, as investors assessed risks to the economic outlook. The NSE Nifty 50 was trading at 15612.95 points, down 167.30 points or 1.06%. Meanwhile, the BSE Sensex was trading at 52480.39 points, down 538.55 points or 1.02%. We entered the second quarter with losses in the financials and auto sector.
For the upcoming week of July, investors can look at the shares of JSW Steel, Mindtree, MphasiS, L&T Technology, and Titan Company, as dividend stocks that may be used as a defence in the current volatile market. Investors can buy shares before the ex-date so as to be eligible to receive dividends.
JSW Steel
The manufacturer of iron and steel products has declared a final dividend of ₹ 17.35 per share for FY22. This is 1735% of its face value of ₹1. The shares will start trading ex-dividend on July 04, 2022. It has a dividend yield of 3.04%.
Mindtree
The company is an international information technology consulting and implementation company. It has declared a final dividend of ₹27 per share or 270% of its face value of ₹10. The shares will start trading ex-dividend on July 05, 2022, and has a dividend yield of 1.30%.
MphasiS
The global information technology (IT) solutions provider has declared a final dividend of ₹ 46 per share. Its shares have a face value of ₹10 and this translates to a 460% dividend on it. They will start trading ex-dividend on July 05, 2022. The dividend yield stands at 2.06%.
L&T Technology Services Ltd.
The engineering services provider has declared a final dividend of ₹15 per share. In other words, they have declared a dividend of 750% of the shares with a face value of ₹ 2. The shares will start trading ex-dividend on July 07, 2022. They have a dividend yield of 2%.
Titan Company Ltd.
The consumer discretionary company has declared a final dividend of ₹ 7.5 per share or 750% of the share’s face value of ₹ 1. The shares will start trading ex-dividend on July 08, 2022. They have a dividend yield of 0.39%.
Written By – Simran Bafna
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.
