Dividends are a portion of a company’s profits that they pay to their shareholders. They form an important part of one’s investing journey and can be a source of passive income.
Here are a few stocks that will trade ex-dividend next week:
MSTC Ltd
MSTC undertakes trading activities, e-commerce and also disposal of ferrous and non-ferrous scrap, surplus stores, minerals, agri and forest products, and so on. It is owned and controlled by the Government of India.
The company has declared a final dividend of ₹ 3.2 per share and the shares will trade ex-dividend on September 12. MSTC has a dividend yield of 3.68 percent.
AIA Engineering
AIA Engineering designs, develops, manufactures and instals abrasion and corrosion-resistant castings. It is one of the largest Hi-Chrome casting producers in the world.
The company has declared a dividend of ₹ 16.00 per share and the shares will trade ex-dividend on September 12. AIA Engineering has a dividend yield of 0.44 percent.
Multi Commodity Exchange Of India Ltd.
The Multi Commodity Exchange of India Limited is India’s first listed exchange. It is a commodity derivatives exchange that facilitates online trading of commodity derivatives transactions.
The company has declared a dividend of ₹ 19.09 per share and the shares will trade ex-dividend on September 15. Multi Commodity Exchange Of India has a dividend yield of 1.07 percent.
Pondy Oxides & Chemicals Ltd.
The company converts lead scraps of various forms into lead metal and alloys. It carries out smelting of lead battery scrap to produce secondary lead metal which is further transformed into pure lead and specific lead alloys.
The company has declared a dividend of ₹ 5.00 per share and the shares will trade ex-dividend on September 15. Pondy Oxides & Chemicals has a dividend yield of 1.04 percent.
NCL Industries Ltd.
NCL Industries is principally engaged in the business of manufacturing and selling of cement, ready mix concrete, cement bonded particle boards, doors, and operates two small hydropower projects.
The company has declared a dividend of ₹ 1.50 per share and the shares will trade ex-dividend on September 18. NCL Industries has a dividend yield of 1.30 percent.
Written by Simran Bafna
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