Dividends represent a portion of a company’s profits distributed to its shareholders as a reward for their investment. These regular payments provide investors with a steady income stream and signal a company’s financial health and stability. Understanding dividend policies and trends is crucial for investors seeking income and long-term wealth accumulation.
Here are the seven stocks that will trade ex-dividend in the coming week:
TVS Motor Company Ltd
TVS Motor Company Ltd (TVSM) manufactures two-wheelers and accessories; it now produces a wide range of two- and three-wheelers.
With a market capitalization of Rs 98,205.26 crore, the shares closed at Rs 2,067.10 per share, decreased around 4.42 percent as compared to the previous closing price. The company has a dividend yield of 0.23 percent.
The firm issued an interim dividend of Rs 8 per equity share, representing an 800% payout over the face value of Rs 1 per share. The dividend’s Record Date is March 19, 2024.
Castrol India
Castrol India Ltd is primarily engaged in the manufacture and sale of automotive and industrial lubricants and associated services.
With a market capitalization of Rs 19,559.90 crore, the shares closed at Rs 197.75 per share, decreased around 0.88 percent as compared to the previous closing price. The company has a dividend yield of 3.76 percent.
The firm issued a final dividend of Rs 4.5 per equity share, representing a 90% payout over the face value of Rs 5 per share. The dividend’s Record Date is March 21, 2024.
Ksolves India Ltd
Ksolves India Ltd specializes in software development, enterprise solutions, consulting, and offering IT solutions to enterprises in industries such as real estate, e-commerce, finance, telecommunications, and healthcare. Ksolves curates and develops the finest available software solutions
With a market capitalization of Rs 1,406.12 crore, the shares closed at Rs 1,180.05 per share, increased around 1.58 percent as compared to the previous closing price. The company has a dividend yield of 0.95 percent.
The firm issued an interim dividend of Rs 5 per equity share, representing a 50% payout over the face value of Rs 10 per share. The dividend’s Record Date is March 21, 2024.
Patanjali Foods Ltd
Patanjali Foods Limited is an edible oil and oil palm plantation enterprise. The company’s sectors include edible oils, food and FNCG, and wind turbine power generation. Crude oils, refined oils, vanaspati, baking fats, seed extractions, and others are all part of the edible oils category.
With a market capitalization of Rs 50,608.69 crore, the shares closed at Rs 1,398.05 per share, decreased around 0.02 percent as compared to the previous closing price. The company has a dividend yield of 0.43 percent.
The firm issued an interim dividend of Rs 6 per equity share, representing a 300% payout over the face value of Rs 2 per share. The dividend’s Record Date is March 21, 2024.
Power Finance Corporation Ltd
Power Finance Corporation Limited is a systemically important non-deposit-taking NBFC that is registered with the RBI as an Infrastructure Finance Company. It is involved in providing financial support to the Indian electricity sector.
With a market capitalization of Rs 1.25 lakh crore, the shares closed at Rs 380.95 per share, decreased around 4.71 percent as compared to the previous closing price. The company has a dividend yield of 2.65 percent.
The firm issued an interim dividend of Rs 3 per equity share, representing a 30% payout over the face value of Rs 10 per share. The dividend’s Record Date is March 22, 2024.
AGI Infra Ltd
AGI Infra Limited specializes in the development of residential and commercial developments. The Company completes a wide range of residential and commercial projects, from inexpensive dwellings to middle- and high-end properties, including flats, penthouses, plots, and many more.
With a market capitalization of Rs 1,108.06 crore, the shares closed at Rs 907.00 per share, increased around 4.35 percent as compared to the previous closing price. The company has a dividend yield of 0.12 percent.
The firm issued an interim dividend of Rs 1 per equity share, representing a 10% payout over the face value of Rs 10 per share. The dividend’s Record Date is March 20, 2024.
KEI Industries
KEI Industries Limited is in Cables and Wires, Stainless Steel Wire, and Engineering, Procurement, and Construction (EPC) Projects. The Cables and Wires business manufactures, sells, and markets a wide range of power cables, including low tension (LT), high tension (HT), and extra high voltage (EHV), as well as control cables.
With a market capitalization of Rs 28,905.24 crore, the shares closed at Rs 3,203.10 per share, increased around 3.47 percent as compared to the previous closing price. The company has a dividend yield of 0.10 percent.
The firm issued an interim dividend of Rs 3.5 per equity share, representing a 175% payout over the face value of Rs 2 per share. The dividend’s Record Date is March 19, 2024.
Written by:- Abhishek Singh
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