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A “dividend” is a financial or non-monetary compensation that a corporation provides to its shareholders in a variety of ways, such as cash payment, shares, or any other form. The Board of Directors decides the dividend, which also requires shareholder approval. 

List of seven equities that will trade ex-dividend in the coming week:

Fineotex Chemical Ltd 

Fineotex Chemicals Ltd manufactures auxiliary and specialized chemicals for the textile, construction, water treatment, fertilizer, leather, and paint industries. 

With a market capitalization of Rs 4,901.90 crore, the shares closed at Rs 442.55 per share, decreased around 1.61 percent as compared to the previous closing price. The company has a dividend yield of 0.18 percent. 

The firm issued an interim dividend of Rs 1.2 per equity share, representing a 60% payout over the face value of Rs 2 per share. The dividend’s Record Date is February 26, 2023. 

Natco Pharma Ltd 

NATCO Pharma Limited (NATCO) is a vertically integrated, R&D-focused pharmaceutical firm that develops, manufactures, and markets complicated pharmaceuticals in specialty therapeutic areas. 

With a market capitalization of Rs 18,392.79 crore, the shares closed at Rs 1,026.90 per share, increased around 1.78 percent as compared to the previous closing price. The company has a dividend yield of 0.56 percent. 

The firm issued an interim dividend of Rs 1.25 per equity share, representing a 62.50 percent payout over the face value of Rs 2 per share. The dividend’s Record Date is February 26, 2023. 

Jupiter Wagons Ltd 

Jupiter Wagons Limited is an integrated railway engineering firm that manufactures freight wagons and passenger coaches for the Indian Railways. The company manufactures railway wagons, wagon components, castings, and many more products. 

With a market capitalization of Rs 15,871.24 crore, the shares closed at Rs 384.95 per share, increased around 1.08 percent as compared to the previous closing price. The company has a dividend yield of 0.12 percent.

The firm issued an interim dividend of Rs 0.30 per equity share, representing a 3 percent payout over the face value of Rs 10 per share. The dividend’s Record Date is February 29, 2023. 

NMDC LTD. 

NMDC explores and produces iron ore and diamonds, manufactures and sells sponge iron, and generates and sells wind electricity. 

With a market capitalization of Rs 69,894.95 crore, the shares closed at Rs 238.50 per share, decreased around 0.17 percent as compared to the previous closing price. The company has a dividend yield of 2.76 percent. 

The firm issued an interim dividend of Rs 5.75 per equity share, representing a 575 percent payout over the face value of Rs 1 per share. The dividend’s Record Date is February 27, 2023. 

Suprajit Engineering Ltd 

Suprajit Engineering Limited is an India-based firm that manufactures and sells automotive and other components. The company’s vehicle components mostly include control cables, speedometer cables, auto lighting, and other automobile components. 

With a market capitalization of Rs 5,848.79 crore, the shares closed at Rs 422.45 per share, increased around 6.38 percent as compared to the previous closing price. The company has a dividend yield of 0.58 percent. 

The firm issued an interim dividend of Rs 1.1 per equity share, representing a 110 percent payout over the face value of Rs 1 per share. The dividend’s Record Date is February 26, 2023. 

Gateway Distriparks Ltd 

Gateway Distripacks is a comprehensive intermodal logistics service provider. The firm provides general & bonded warehousing, rail & road transportation, container handling, and other value-added services. 

With a market capitalization of Rs 5,416.14 crore, the shares closed at Rs 108.40 per share, increased around 2.26 percent as compared to the previous closing price. The company has a dividend yield of 1.89 percent.

The firm issued an interim dividend of Rs 0.75 per equity share, representing a 7.50 percent payout over the face value of Rs 10 per share. The dividend’s Record Date is February 26, 2023. 

Written by:- Abhishek Singh

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