“Dividend” is generally referred to a reward, cash or otherwise, that a company gives to its shareholders in various forms such as cash payment, stocks, or any other form. The dividend is decided by the Board of Directors and requires shareholders’ approval as well.
Listed below are six stocks that will trade ex-dividend during the next week:
Angel One Limited
With a market capitalization of Rs 28,012.59 crores, the stocks of Angel One Limited, a diversified financial services company primarily engaged in the business of stock, currency broking, etc, closed at Rs 3,336.80 on Friday, gaining around 1.20 percent compared to the previous close of Rs 3,299 apiece. The company has a dividend yield of 1.20 percent.
The company has declared an interim dividend of Rs 12.70 per equity share, i.e., a payout of 127 percent over a Face Value of Rs 10 per share. The Record Date for the dividend is fixed as 23rd January 2024.
Wipro Limited
With a market capitalization of Rs 2.53 lakh crores, the stocks of Wipro Limited, a global Information technology, business process services (BPS), and consulting company, closed at Rs 485 on Friday, gaining around 0.60 percent compared to the previous close of Rs 482.25 apiece. The company has a dividend yield of 0.25 percent.
The company has declared an interim dividend of Rs 1.00 per equity share, i.e., a payout of 50 percent over a Face Value of Rs 2 per share. The Record Date for the dividend is fixed as 24th January 2024.
IIFL Finance Limited
With a market capitalization of Rs 24,996.68 crores, the stocks of IIFL Finance Limited, engaged in the business of loans and mortgages, closed at Rs 655.25 on Friday, gaining around 2.50 percent compared to the previous close of Rs 639.55 apiece. The company has a dividend yield of 0.70 percent.
The company has declared an interim dividend of Rs 4.00 per equity share, i.e., a payout of 200 percent over a Face Value of Rs 2 per share. The Record Date for the dividend is fixed as 25th January 2024.
KDDL Limited
With a market capitalization of Rs 3,588.92 crores, the stocks of KDDL Limited, manufacturing watch components such as dials, precision engineering goods, etc, closed at Rs 2,817.70 on Friday, gaining around 2 percent compared to the previous close of Rs 2,760.45 apiece. The company has a dividend yield of 0.10 percent.
The company has declared an interim dividend of Rs 58.00 per equity share, i.e., a payout of 580 percent over a Face Value of Rs 10 per share. The Record Date for the dividend is fixed as 25th January 2024.
Ksolves India Limited
With a market capitalization of Rs 1,606.61 crores, the stocks of Ksolves India Limited, engaged in the business of providing solutions for software development, IT, enterprise solutions, consulting, etc, closed at Rs 1,355.10 on Friday, slipping around 1.40 percent compared to the previous close of Rs 1,373.50 apiece. The company has a dividend yield of 0.80 percent.
The company has declared an interim dividend of Rs 7.50 per equity share, i.e., a payout of 75 percent over a Face Value of Rs 10 per share. The Record Date for the dividend is fixed as 25th January 2024.
Mastek Limited
With a market capitalization of Rs 8,933.43 crores, the stocks of Mastek Limited, providing vertically-focused enterprise technology solutions, closed at Rs 2,913 on Friday, gaining around 0.40 percent compared to the previous close of Rs 2,902.45 apiece. The company has a dividend yield of 0.65 percent.
The company has declared an interim dividend of Rs 7.00 per equity share, i.e., a payout of 140 percent over a Face Value of Rs 5 per share. The Record Date for the dividend is fixed as 25th January 2024.
Written by Amit Madnani
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