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“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 seven stocks that will trade ex-dividend during the next week:

Gulf Oil Lubricants India Limited 

With a market capitalization of Rs 4,394.77 crores, the stocks of Gulf Oil Lubricants India Limited closed at Rs 895.45 on Friday, slipping around 2.30 percent compared to the previous close of Rs 916.05 apiece. The company has a dividend yield of 2.72 percent. 

The company has declared an interim dividend of Rs 16 per equity share, i.e., a payout of 800 percent over a Face Value of Rs 2 per share. The Record Date for the dividend is fixed as 13th February 2023. 

SMC Global Securities Limited 

With a market capitalization of Rs 1,503.56 crores, the stocks of SMC Global Securities Limited closed at Rs 132.90 on Friday, slipping around 3 percent compared to the previous close of Rs 136.90 apiece. The company has a dividend yield of 1.75 percent. 

The company has declared an interim dividend of Rs 1.20 per equity share, i.e., a payout of 60 percent over a Face Value of Rs 2 per share. The Record Date for the dividend is fixed as 13th February 2023. 

Steelcast Limited 

With a market capitalization of Rs 1,267.93 crores, the stocks of Steelcast Limited closed at Rs 626.45 on Friday, slipping around 4 percent compared to the previous close of Rs 652 apiece. The company has a dividend yield of 1.52 percent. 

The company has declared an interim dividend of Rs 1.35 per equity share, i.e., a payout of 27 percent over a Face Value of Rs 5 per share. The Record Date for the dividend is fixed as 13th February 2023. 

HIL Limited 

With a market capitalization of Rs 2,044.19 crores, the stocks of HIL Limited closed at Rs 2,710.80 on Friday, slipping around 1.70 percent compared to the previous close of Rs 2,757 apiece. The company has a dividend yield of 1.64 percent. 

The company has declared an interim dividend of Rs 15 per equity share, i.e., a payout of 150 percent over a Face Value of Rs 10 per share. The Record Date for the dividend is fixed as 14th February 2023.

Man Infraconstruction Limited 

With a market capitalization of Rs 8,399.54 crores, the stocks of Man Infraconstruction Limited closed at Rs 226.25 on Friday, slipping around 3.30 percent compared to the previous close of Rs 234.05 apiece. The company has a dividend yield of 0.38 percent. 

The company has declared an interim dividend of Rs 0.54 per equity share, i.e., a payout of 27 percent over a Face Value of Rs 2 per share. The Record Date for the dividend is fixed as 15th February 2023. 

Power Grid Corporation of India Limited 

With a market capitalization of Rs 2.54 lakh crores, the stocks of Power Grid Corporation of India Limited closed at Rs 273.10 on Friday, slipping around 1.10 percent compared to the previous close of Rs 276.20 apiece. The company has a dividend yield of 4.01 percent. 

The company has declared an interim dividend of Rs 4.50 per equity share, i.e., a payout of 45 percent over a Face Value of Rs 10 per share. The Record Date for the dividend is fixed as 15th February 2023. 

Banco Products (India) Limited 

With a market capitalization of Rs 4,997.01 crores, the stocks of Banco Products (India) Limited closed at Rs 698.70 on Friday, slipping around 1 percent compared to the previous close of Rs 705.50 apiece. The company has a dividend yield of 3.12 percent. 

The company has declared an interim dividend of Rs 20 per equity share, i.e., a payout of 1,000 percent over a Face Value of Rs 2 per share. The Record Date for the dividend is fixed as 16th February 2023. 

Written by Amit Madnani

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