Dividends are a share of a company’s profits paid out to shareholders as a reward for their investment. These periodic payments offer investors a consistent income stream and indicate the company’s financial health and stability. For investors seeking reliable income and sustained growth, grasping dividend policies and trends is crucial.
Here are five stocks that will trade ex-dividend in the coming week:
IL&FS Investment Managers Limited
IL&FS Investment Managers Limited is an asset manager based in Mumbai, India. The firm seeks to invest in the retail, media, consumer services, technology, manufacturing, life sciences, infrastructure related services sectors, agriculture, healthcare, education, fintech and renewable energy sectors.
The company has issued a final dividend of Rs.0.7 per equity share, representing a 35 percent payout over the face value of Rs.2 per share. Record date for dividend is set as 23rd August 2024. The company has a dividend yield of 4.95 percent.
With a market capitalization of Rs.442 crore, the share price of IL&FS Investment Managers Limited reached an intra-day high of Rs.14.24 per share on Friday, 1.85 percent higher from its previous close.
Omnitex Industries (India) Limited
Omnitex Industries (India) Limited is an India-based company, which is engaged in the trading of textiles. The Company’s business segment includes trading in textiles
The company has issued an interim dividend of Rs.8 per equity share, representing a 80 percent payout over the face value of Rs.10 per share. Record date for dividend is set as 20th August 2024. The company has a dividend yield of 3.85 percent.
With a market capitalization of Rs.87.3 crore, the share price of Omnitex Industries (India) Limited reached a 52-week high of Rs.207.8 per share on Friday, and hit a 5 percent upper circuit.
Sun TV Network Limited
Sun TV Network is owned by Sun Group, one of the largest media conglomerates in India with operations in multi-diversified sectors. Sun TV Network has 33 power packed Television Channels with a reach of more than 95 million households in India.
The company has issued an interim dividend of Rs.5 per equity share, representing a 100 percent payout over the face value of Rs.5 per share. Record date for dividend is set as 20th August 2024. The company has a dividend yield of 2.04 percent.
With a market capitalization of Rs.32,341 crore, the share price of Sun TV Network Limited reached an intra-day high of Rs.826 per share on Friday, 1.56 percent higher from its previous close.
Uniparts India Limited
Uniparts India Limited is a manufacturer of engineered systems and solutions. It is a leading supplier of systems and components for the off-highway market, catering to the agriculture, construction, forestry, and mining (CFM) sectors, as well as the aftermarket. The company operates in over 25 countries.
The company has issued an interim dividend of Rs.6.75 per equity share, representing a 67.5 percent payout over the face value of Rs.10 per share. Record date for dividend is set as 21st August 2024. The company has a dividend yield of 2.96 percent.
With a market capitalization of Rs.2,144 crore, the share price of Uniparts India Limited reached an intra-day high of Rs.484.15 per share on Friday, 2.3 percent higher from its previous close.
Panama Petrochem Limited
Panama Petrochem Limited is an India-based company engaged in the manufacture of specialty petroleum products for diverse user industries, such as printing, textiles, rubber, pharmaceuticals, cosmetics, power and other industrial oil.
The company has issued a final dividend of Rs.4 per equity share, representing a 200 percent payout over the face value of Rs.2 per share. Record date for dividend is set as 22nd August 2024. The company has a dividend yield of 1.79 percent.
With a market capitalization of Rs.2,433 crore, the share price of Uniparts India Limited reached an intra-day high of Rs.405.85 per share on Friday, 3.62 percent higher from its previous close.
Written by – Siddesh S Raskar
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