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 five stocks that will trade ex-dividend in the coming week:
TV Today Network Limited
T.V. Today Network Limited is primarily engaged in television news channels’ broadcasting and other media operations in India, and it also operates radio stations. Its segments include Television and other media operations, and Radio broadcasting.
With a market capitalization of Rs 1,624.18 crore, the shares closed at Rs 272.20 per share, decreased around 0.38 percent as compared to the previous closing price. The company has a dividend yield of 3.12 percent.
The firm issued a Final dividend of Rs 8.5 per equity share, representing a 170% payout over the face value of Rs 5 per share. The dividend’s Record Date is September 11, 2024.
Vedanta Limited
Vedanta Limited is an India-based natural resources company. The Company has operations in oil and gas, zinc, lead, silver, copper, iron ore, steel, nickel, aluminum, power, and glass substrate. The Company’s product portfolio includes aluminum ingots, primary foundry alloys, wire rods, billets, and rolled products, which cater to various industries etc.
With a market capitalization of Rs 1.79 lakh crore, the shares closed at Rs 459.90 per share, decreased around 1.49 percent as compared to the previous closing price. The company has a dividend yield of 7.71 percent.
The firm issued an Interim dividend of Rs 20 per equity share, representing a 2000% payout over the face value of Rs 1 per share. The dividend’s Record Date is September 10, 2024.
Excel Industries Ltd
Excel Industries Limited is an India-based company that is engaged in the chemical and environment management business. The Company is engaged in the manufacturing and selling of chemicals, and environmental and biotech products and services.
With a market capitalization of Rs 1,949 crore, the shares closed at Rs 1,550 per share, decreased around 4.40 percent as compared to the previous closing price. The company has a dividend yield of 0.34 percent.
The firm issued a Final dividend of Rs 5.5 per equity share, representing a 110% payout over the face value of Rs 5 per share. The dividend’s Record Date is September 12, 2024.
General Insurance Corporation of India
General Insurance Corporation of India is an India-based global reinsurance solutions provider. The Company is engaged in the activities of assuming all or part of the risk associated with existing insurance policies originally underwritten by other insurance carriers.
With a market capitalization of Rs 67,386 crore, the shares closed at Rs 384 per share, decreased around 3.40 percent as compared to the previous closing price. The company has a dividend yield of 1.84 percent.
The firm issued a dividend of Rs 10 per equity share, representing a 200% payout over the face value of Rs 5 per share. The dividend’s Record Date is September 11, 2024.
Pondy Oxides & Chemicals Ltd
Pondy Oxides and Chemicals Limited is an India-based company, that is engaged in producing lead, lead alloys, and plastic additives. The principal activities of the Company are converting lead scraps of various forms into lead metal and alloys.
With a market capitalization of Rs 2,913 crore, the shares closed at Rs 2,310 per share, increased around 4.44 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 5 per equity share, representing a 50% payout over the face value of Rs 10 per share. The dividend’s Record Date is September 11, 2024.
Written by:- Abhishek Singh
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