A dividend is the distribution of a company’s earnings to its shareholders as a reward for investing in the company. It acts as a passive income for the investors in the market. Along with their quarterly results companies generally announced the payment of dividends.
Here are some stocks trading ex-dividend next week
Bharat Dynamics Ltd
The company will pay an interim dividend of 81.50% of the face value of Rs 10 which amounts to Rs 8.15 per share. The ex-dividend date and the record date for the purpose are set as February 20th, 2023. The shares of the company traded at Rs 877 levels on Friday.
Bharat Dynamics is a Government of India Enterprise that is engaged in the manufacturing of guided missiles and allied defense equipment. It has a market capitalization of Rs 16,028 Crore and a dividend yield of 0.94%.
Cummins India Ltd
The company will pay an interim dividend of 600% of the face value of Rs 2 which amounts to Rs 12 per share. The ex-dividend date and the record date for the purpose are set as February 21st, 2023. The shares of the company traded at Rs1,619 levels on Friday.
Cummins India Limited, part of the Cummins Group, is the country’s leading manufacturer of diesel and natural gas engines for power generation, industrial and automotive markets. It has a market capitalization of Rs 44,888 Crore and a dividend yield of 1.14 %.
Disa India Ltd
It will pay an interim dividend of 1000% of the face value of Rs 10 which amounts to Rs 100 per share. The ex-dividend date and the record date for the purpose are set as February 21st, 2023. The shares of the company traded at Rs 8,022 levels on Friday.
Disa India Ltd is a leading equipment manufacturer with advanced foundry and surface preparation process technology. It has a market capitalization of Rs 1,167 Crore and a dividend yield of 1.98%.
IRCTC
It will pay an interim dividend of 175% of the face value of Rs 2 which amounts to Rs 3.5 per share. The ex-dividend date and the record date for the purpose are set as February 22nd, 2023. The shares of the company traded at Rs 649 levels on Friday.
IRCTC is a Mini Ratna Central Public Sector Enterprise that provides catering and hospitality services. It has a market capitalization of Rs 51,952 Crore and a dividend yield of 0.55%.
Oil India Ltd
The company will pay an interim dividend of 100% of the face value of Rs 10 which
amounts to Rs 10 per share. The ex-dividend date and the record date for the purpose are set as February 22nd,2023. The shares of the company traded at Rs 260 levels on Friday.
Oil India Ltd is engaged in the exploration, development, and production of crude oil and natural gas It has a market capitalization of Rs 28,200 Crore and a dividend yield of 5.61%.
Metropolis Healthcare Ltd
It will pay an interim dividend of 400% of the face value of Rs 2 which amounts to Rs 8 per share. The ex-dividend date and the record date for the purpose are set as February 23rd, 2023. The shares of the company traded at Rs 1,349 levels on Friday.
Metropolis Healthcare Limited is one of the leading Indian diagnostics companies. It has a market capitalization of Rs 6,910 Crore and a dividend yield of 0.59%.
ONGC Ltd
The company will pay an interim dividend of 80% of the face value of Rs 5 which amounts to Rs 4 per share. The ex-dividend date and the record date for the purpose are set as February 24th, 2023. The shares of the company traded at Rs 156 levels on Friday.
ONGC is the largest crude oil and natural gas Company in India. It has a market capitalization of Rs 196,756 Crore and a dividend yield of 6.80%.
Polyplex Corporation Ltd
The company will pay an interim dividend of 300% of the face value of Rs 10 which amounts to Rs 30 per share. The ex-dividend date and the record date for the purpose are set as February 24th, 2023. The shares of the company traded at Rs 1,484 levels on Friday.
Polyplex Corporation is engaged in the manufacturing of BOPP, Blown PP/PE, and CPP films used in the flexible packaging industry. It has a market capitalization of Rs 4,659 Crore and a dividend yield of 7.00%.
NMDC Ltd
It will pay an interim dividend of 375% of the face value of Rs 1 which amounts to Rs 3.75 per share. The ex-dividend date and the record date for the purpose are set as February 24th, 2023. The shares of the company traded at Rs 1,484 levels on Friday.
NMDC is engaged in the exploration and production of Iron Ore along with diamonds, the production, and sale of Sponge Iron, and the generation and sale of Wind Power. It has a market capitalization of Rs 35,519 Crore and a dividend yield of 12.2%.
CESC Ltd
It will pay an interim dividend of 450% of the face value of Rs 1 which amounts to Rs 4.5 per share. The ex-dividend date and the record date for the purpose are set as February 24th, 2023. The shares of the company traded at Rs 76.8 levels on Friday.
CESC Ltd is a flagship company of the RP-Sanjiv Goenka Group, engaged in electricity distribution with an embedded generation facility It has a market capitalization of Rs 10,180 Crore and a dividend yield of 5.87%.
Written by Anoushka Roy
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. 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.
