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:
CMS Info Systems Ltd
CMS Info Systems Limited is engaged in installing, maintaining, and managing assets and technology solutions on an end-to-end outsourced basis for banks, financial institutions, organized retail and e-commerce companies in India.
With a market capitalization of Rs 7,010.99 crore, the shares closed at Rs 430.75 per share, increased around 3.57 percent as compared to the previous closing price. The company has a dividend yield of 1.28 percent.
The firm issued a Final dividend of Rs 3.25 per equity share, representing a 32.50% payout over the face value of Rs 10 per share. The dividend’s Record Date is May 28, 2024.
Trident Ltd
Trident Limited manufactures, trades, and sells textiles, paper, and chemicals. The company operates in two segments: textiles, paper, and chemicals. The Textiles division manufactures yarn, towels, bedsheets, and colored yarn (including utility service).
With a market capitalization of Rs 19,278.00 crore, the shares closed at Rs 37.83 per share, decreased around 0.24 percent as compared to the previous closing price. The company has a dividend yield of 0.95 percent.
The firm issued an Interim dividend of Rs 0.36 per equity share, representing a 36% payout over the face value of Rs 1 per share. The dividend’s Record Date is May 28, 2024.
GPT Infraprojects Ltd
GPT Infraprojects Ltd (GPT) is a construction company engaged in executing civil and infrastructure projects. It also manufactures concrete sleepers for railways.
With a market capitalization of Rs 1,453.14 crore, the shares closed at Rs 249.80 per share, decreased around 2.54 percent as compared to the previous closing price. The company has a dividend yield of 1.23 percent.
The firm issued an Interim dividend of Rs 1 per equity share, representing a 10% payout over the face value of Rs 10 per share. The dividend’s Record Date is May 30, 2024.
Caplin Point Laboratories Ltd
Caplin Point Laboratories Ltd is engaged in the manufacturing and sourcing of APIs, finished formulations, R&D, and clinical research with a presence in Latin America, Africa, the USA and other nations.
With a market capitalization of Rs 9,910.40 crore, the shares closed at Rs 1,305.00 per share, decreased around 0.32 percent as compared to the previous closing price. The company has a dividend yield of 0.19 percent.
The firm issued an Interim dividend of Rs 2.5 per equity share, representing a 125% payout over the face value of Rs 2 per share. The dividend’s Record Date is May 31, 2024.
Indian Energy Exchange Ltd
Indian Energy Exchange Limited is an India-based company that is engaged in providing an automated trading platform for the physical delivery of electricity, renewables, and certificates. It offers various trade markets, such as the electricity market, green market, and certificates.
With a market capitalization of Rs 14,198.98 crore, the shares closed at Rs 158.00 per share, increased around 1.54 percent as compared to the previous closing price. The company has a dividend yield of 0.64 percent.
The firm issued a final dividend of Rs 1.5 per equity share, representing a 150% payout over the face value of Rs 1 per share. The dividend’s Record Date is May 31, 2024.
Written by:- Abhishek Singh
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