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:
HCL Technologies Ltd
With a market capitalization of Rs.5.04 lakh crore, the share price of HCL Technologies Ltd closed at Rs.1,856.55 per share on Friday, 0.6 percent lower than its previous close.
The company is issuing an interim dividend of Rs.12 per equity share, representing a 600 percent payout over the face value of Rs.2 per share. The record date for the dividend is set as 22nd October 2024. The company has a dividend yield of 2.80 percent.
In Q2 FY25, HCL Technologies Ltd reported 8.2 percent YoY increase in revenue to Rs.28,862 crore and net profits increased 11 percent to Rs.4,237 crore in the same period.
Gopal Snacks Ltd
With a market capitalization of Rs.5,873 crore, the share price of Gopal Snacks Ltd closed at Rs.471.85 per share on Friday, 1.03 percent higher than its previous close.
The company is issuing an interim dividend of Re.1 per equity share, representing a 100 percent payout over the face value of Re.1 per share. The record date for the dividend is set as 22nd October 2024. The company has a dividend yield of 0.21 percent.
In Q2 FY25, Gopal Snacks Ltd reported 13 percent YoY increase in revenue to Rs.403 crore and net profits increased 7.4 percent to Rs.29 crore in the same period.
Tips Music Ltd
With a market capitalization of Rs.10,005 crore, the share price of Tips Music Ltd closed at Rs.782.50 per share on Friday, 1.62 percent higher than its previous close.
The company is issuing an interim dividend of Rs.2 per equity share, representing a 200 percent payout over the face value of Re.1 per share. The record date for the dividend is set as 24th October 2024. The company has a dividend yield of 0.77 percent.
In Q2 FY25, Tips Music Ltd reported 13 percent YoY increase in revenue to Rs.403 crore and net profits increased 7.4 percent to Rs.29 crore in the same period.
L&T Technology Services Ltd
With a market capitalization of Rs.54,400 crore, the share price of L&T Technology Services Ltd closed at Rs.5,151.20 per share on Friday, 1.74 percent lower than its previous close.
The company is issuing an interim dividend of Rs.17 per equity share, representing a 850 percent payout over the face value of Rs.2 per share. The record date for the dividend is set as 25th October 2024. The company has a dividend yield of 0.97 percent.
In Q2 FY25, L&T Technology Services Ltd reported 8.8 percent YoY increase in revenue to Rs.2,325 crore and net profits decreased 5 percent to Rs.293 crore in the same period.
LTIMindtree Ltd
With a market capitalization of Rs.1.77 lakh crore, the share price of LTIMindtree Ltd closed at Rs.6,007.00 per share on Friday, 6.06 percent lower than its previous close.
The company is issuing an interim dividend of Rs.20 per equity share, representing a 2,000 percent payout over the face value of Re.1 per share. The record date for the dividend is set as 25th October 2024. The company has a dividend yield of 1.08 percent.
In Q2 FY25, LTIMindtree Ltd reported 6 percent YoY increase in revenue to Rs.9,433 crore and net profits increased 7.7 percent to Rs.1,252 crore in the same period.
Written by – Siddesh S Raskar
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