Dividends are a percentage of a company’s profits delivered to shareholders as compensation for their investment. These monthly payments offer investors with a consistent income stream and demonstrate a company’s financial health and stability. Understanding dividend policies and patterns is critical for investors looking to generate income and build capital over time.
Here are the five stocks that will trade ex-dividend in the coming week:
ITC LTD.
ITC Limited is an India-based holding company. The Company’s segments include fast moving consumer goods (FMCG); Hotels; Paperboards, Paper and Packaging, and Agri Business. FMCG segment consists of cigarettes, cigars and others, such as education and stationery products etc.
With a market capitalization of Rs 5.33 lakh crore, the shares closed at Rs 427.50 per share, increased around 0.81 percent as compared to the previous closing price. The company has a dividend yield of 3.24 percent.
The firm issued a Final dividend of Rs 7.5 per equity share, representing a 750% payout over the face value of Rs 1 per share. The dividend’s Record Date is June, 4 2024.
Manappuram Finance Ltd
Manappuram Finance Limited is an India-based non-banking financial company (NBFC). The Company provides credit services to people belonging to the lower socio-economic classes, particularly in rural and semi-urban areas of India. Its segments include Gold loan and others, and Micro Finance.
With a market capitalization of Rs 14,317.44 crore, the shares closed at Rs 169.15 per share, increased around 0.65 percent as compared to the previous closing price. The company has a dividend yield of 2.11 percent.
The firm issued an interim dividend of Rs 1 per equity share, representing a 50% payout over the face value of Rs 2 per share. The dividend’s Record Date is June, 5, 2024.
ICICI Lombard General Insurance Company Ltd
ICICI Lombard General Insurance Company Limited provides insurance for a variety of purposes, including automobile, health, travel, house, and student travel. Its divisions include fire, engineering, marine cargo, marine hull, motor OD, motor TP, workmen’s compensation, public/product liability, personal accident, aviation, health, credit insurance, and others.
With a market capitalization of Rs 77,942.99 crore, the shares closed at Rs 1,580.95 per share, decreased around 0.37 percent as compared to the previous closing price. The company has a dividend yield of 0.63 percent.
The firm issued an interim dividend of Rs 6 per equity share, representing a 60% payout over the face value of Rs 10 per share. The dividend’s Record Date is June,6 , 2024.
Indian Hotel Co Ltd
The Indian Hotels Company Limited primarily engaged in the business of owning, operating and managing hotels, palaces and resorts. Its portfolio comprises not only premium and luxury hotel brands, but also includes diverse F&B, wellness, salon, and lifestyle brands.
With a market capitalization of Rs 79,463.10 crore, the shares closed at Rs 558.25 per share, increased around 0.26 percent as compared to the previous closing price. The company has a dividend yield of 0.31percent.
The firm issued a Final dividend of Rs 1.75 per equity share, representing a 175% payout over the face value of Rs 1 per share. The dividend’s Record Date is June, 7 2024.
UNO Minda Ltd
Uno Minda Limited is an India-based global manufacturer and supplier of proprietary automotive solutions and systems to original equipment manufacturers as tier-1. The Company’s product divisions include switch, sensor, controllers, lighting, acoustic, alloy wheel, seating, aftermarket, casting and ADAS.
With a market capitalization of Rs 48,723.35 crore, the shares closed at Rs 848.70 per share, decreased around 1.38 percent as compared to the previous closing price. The company has a dividend yield of 0.23 percent.
The firm issued a Final dividend of Rs 1.35 per equity share, representing a 67.5% payout over the face value of Rs 2 per share. The dividend’s Record Date is June, 7 2024.
Written by:- Abhishek Singh
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