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 six stocks that will trade ex-dividend in the coming week
Vedanta Ltd.
Vedanta Ltd is a diversified natural resource group engaged in exploring, extracting, and processing minerals and oil & gas. Its other businesses include commercial power generation, steel manufacturing & port operations, and manufacturing of glass substrate
With a market capitalization of Rs.1.73 lakh crore, the share closed at Rs.447.25 per share, an increase of 3.7 percent compared to the previous closing price. The company has a dividend yield of 6.64 percent.
The firm issued an Interim dividend of Rs.4 per equity share, representing a 400 percent payout over the face value of Rs.1 per share. The dividend’s Record Date is August 3, 2024.
CRISIL Ltd.
CRISIL Ltd is a globally diversified analytical company providing ratings, research, risk, and policy advisory services. CRISIL is India’s leading rating agency and the foremost provider of high-end research to large banks and leading corporations.
With a market capitalization of Rs.30,910 crore, the share closed at Rs.4225 per share, decreasing around 0.9 percent compared to the previous closing price. The company has a dividend yield of 1.28 percent.
The firm issued an Interim dividend of Rs.8 per equity share, representing an 800 percent payout over the face value of Rs.1 per share. The dividend’s Record Date is July 31, 2024.
DLF Ltd.
DLF Ltd is engaged in real estate development, from the identification and acquisition of land to the planning, execution, construction, and marketing of projects. It is also engaged in the business of leasing, generation of power, provision of maintenance services, hospitality, and recreational services
With a market capitalization of Rs.2.05 lakh crore, the share closed at Rs.828 per share, increasing around 2 percent compared to the previous closing price. The company has a dividend yield of 0.6 percent.
The firm issued a final dividend of Rs.5 per equity share, representing a 250 percent payout over the face value of Rs.2 per share. The dividend’s Record Date is July 31, 2024.
CIPLA Ltd.
Cipla Ltd focuses on the development of new formulations and has a wide range of pharmaceutical products. Cipla primarily focuses on developing medication to treat respiratory disease, cardiovascular disease, arthritis, diabetes, depression, and various other medical conditions.
With a market capitalization of Rs.1.27 lakh crore, the share closed at Rs.1,586.50 per share, increasing around 5.76 percent compared to the previous closing price. The company has a dividend yield of 0.83 percent.
The firm issued a final dividend of Rs.13 per equity share, representing a 650 percent payout over the face value of Rs.2 per share. The dividend’s Record Date is August 2, 2024.
Tips Industries Ltd.
Tips Industries Ltd. is engaged in the business of the production and distribution of motion pictures and the acquisition and exploitation of music rights. The company is also a leading producer of Punjabi films in the country.
With a market capitalization of Rs.7,911 crore, the share closed at Rs.618.9 per share, increasing around 1.62 percent compared to the previous closing price. The company has a dividend yield of 0.97 percent.
The firm issued an Interim dividend of Rs.2 per equity share, representing a 200 percent payout over the face value of Rs.1 per share. The dividend’s Record Date is August 1, 2024.
Avanti Feeds Ltd.
Avanti Feeds Limited is an integrated seafood company. Its segments include Shrimp Feed, Processed Shrimp, Power, and Shrimp Hatchery. The shrimp feed is manufactured and marketed to farmers and is used in aquaculture to grow shrimp.
With a market capitalization of Rs.9,461 crore, the share closed at Rs.694.9 per share, decreasing around 1.14 percent compared to the previous closing price. The company has a dividend yield of 0.97 percent.
The firm issued an Interim dividend of Rs.6.75 per equity share, representing a 675 percent payout over the face value of Rs.1 per share. The dividend’s Record Date is July 30, 2024.
Written by – Siddesh S Raskar
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