A “dividend” is a financial or non-monetary reward provided by a firm to its shareholders in many forms, including cash, shares, or other means. The Board of Directors determines the dividend, which requires shareholder approval.
List of four equities that will trade ex-dividend in the coming week:
DCM Shriram Ltd
DCM Shriram Limited sells fertilizer, sugar, and caustic soda. The Company’s sectors include Fertilizers, which produces urea; Chloro-Vinyl, which produces poly-vinyl chloride, carbide, and chlor alkali chemicals; Shriram Farm Solutions, which trades superphosphate; and others.
With a market capitalization of Rs 15,079.62 crore, the shares closed at Rs 967.00 per share, increased around 1.11 percent as compared to the previous closing price. The company has a dividend yield of 1.47 percent.
The firm issued an interim dividend of Rs 4 per equity share, representing a 200% payout over the face value of Rs 2 per share. The dividend’s Record Date is March 6, 2023.
Marico Ltd
Marico Limited is one of India’s major consumer products corporations, focusing on worldwide beauty and well-being. It supports leading companies in hair care, skin care, edible oils, healthy foods, male grooming, and fabric care.
With a market capitalization of Rs 67,829.39 crore, the shares closed at Rs 524.20 per share, increased around 0.32 percent as compared to the previous closing price. The company has a dividend yield of 0.86 percent.
The firm issued an interim dividend of Rs 6.5 per equity share, representing a 650% payout over the face value of Rs 1 per share. The dividend’s Record Date is March 6, 2023.
Panchsheel Organics Ltd
Panchsheel Organics Limited engages in manufacturing and exporting active pharmaceutical ingredients (APIs), intermediates, and final formulations for both humans and animals. Its specializations include steroids and hormones, veterinary goods, and many more.
With a market capitalization of Rs 246.24 crore, the shares closed at Rs 209.00 per share, increased around 2.35 percent as compared to the previous closing price. The company has a dividend yield of 0.39 percent.
The firm issued an interim dividend of Rs 0.08 per equity share, representing a 0.80% payout over the face value of Rs 10 per share. The dividend’s Record Date is March 8, 2023.
Sanofi India Ltd
Sanofi India Ltd engages in the manufacture and distribution of medications and pharmaceuticals. It provides a variety of medications and supplements for the treatment of diabetes, cardiovascular disease, thrombosis, epilepsy, allergies, and infections.
With a market capitalization of Rs 19,856.47 crore, the shares closed at Rs 8,622.00 per share, decreased around 0.08 percent as compared to the previous closing price. The company has a dividend yield of 1.94 percent.
The firm issued an interim dividend of Rs 50 per equity share, representing a 500% payout over the face value of Rs 10 per share. The dividend’s Record Date is March 7, 2023.
Written by:- Abhishek Singh
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