A ‘Dividend’ is usually defined as the distribution of a company’s earnings to its shareholders and is determined by its Board of Directors. Dividends are often been distributed once in three months and the mode of payment could be in cash or in the form of reinvestment in additional stocks of the company.
Moreover, an additional metric to note is the ‘Dividend Yield’ which is the dividend per share and is expressed as dividend/price as a percentage of a company’s share price.
Listed below are 4 stocks that will be trading Ex-Dividend next week:
Kewal Kiran Clothing Limited
Kewal Kiran Clothing Limited, a manufacturer of branded readymade garments, declared an interim dividend of Rs 2 equating to a 20 percent payout as compared to the face value of Rs 10. The record date has been fixed as 11th May, 2023.
The company has a dividend yield of 1.86 percent. The company’s stock closed at a price of Rs 471 on Friday and has a market capitalization of Rs 2,900 crores.
Laurus Labs Limited
Laurus Labs Limited, a pharmaceutical company, declared an interim dividend of Rs 1.2 equating to a 60 percent payout as compared to the face value of Rs 2. The record date has been fixed as 10th May, 2023.
The company has a dividend yield of 0.63 percent. The company’s stock closed at a price of Rs 316 on Friday and has a market capitalization of Rs 16,997 crores.
Coforge Limited
Coforge Limited, an Indian multinational information technology company, declared an interim dividend of Rs 19 equating to a 190 percent payout as compared to the face value of Rs 10. The record date has been fixed as 10th May, 2023.
The company has a dividend yield of 1.56 percent. The company’s stock closed at a price of Rs 4,110 on Friday and has a market capitalization of Rs 25,156 crores.
Ramkrishna Forgings Limited
Ramkrishna Forgings Limited, a manufacturer of forgings and production of metal products, declared an interim dividend of Rs 0.50 equating to a 25 percent payout as compared to the face value of Rs 2. The record date has been fixed as 9th May, 2023.
The company has a dividend yield of 0.60 percent. The company’s stock closed at a price of Rs 342 on Friday and has a market capitalization of Rs 5,477 crores.
Written by Amit Madnani
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