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The dividend is the amount of money that a company pays to its shareholders as dividends on a per-share basis. The dividend yield indicates how much a company pays in dividends each year based on its stock price. 

Here are a few stocks that will be trading ex-dividend next week:

Balmer Lawrie & Co Ltd. 

Balmer Lawrie & Company Ltd specializes in Industrial Packaging, Greases and lubricants, Leather Chemicals, logistics services and Infrastructure, Refinery and oil Fields, and Travel and Vacation Services

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The company has declared a Final dividend of Rs 7.5 per share equating to a 75 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 20th September 2023. 

The company has a dividend yield of 4.35 percent. As of Friday, the company’s shares closed at a price of Rs 169 and have a market capitalization of Rs 2,889 crores. 

Heidelberg Cement India Ltd. 

Heidelberg Cement India Ltd. is one of the world’s top producers of construction materials, including ready-mixed concrete, aggregates, and related services. The company markets its products under the brand name Mycem 

The company has declared a Final dividend of Rs 7 per share equating to a 70 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 20th September 2023. 

The company has a dividend yield of 3.73 percent. As of Friday, the company’s shares closed at a price of Rs 187.80 and have a market capitalization of Rs 4,255 crores.

PTC India Ltd 

PTC India Ltd is in the trading sector, which involves both long-term trading of power generated from large power projects and short-term trading in India. The firm’s business sectors include long-term solutions- The company has signed power purchase agreements (PPAs) with independent power producers (IPPs) /power utilities in India and internationally. 

The company has declared a Final dividend of Rs 7.8 per share equating to a 78 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 20th September 2023. 

The company has a dividend yield of 5.28 percent. As of Friday, the company’s shares closed at a price of Rs 149.30 and have a market capitalization of Rs 4,419 crores. 

Alphageo (India) Ltd 

Alphageo (India) Ltd is engaged in providing geophysical seismic data acquisition, processing, and interpretation services for the exploration of hydrocarbons and minerals. 

The company has declared a Final dividend of Rs 8 per share equating to a 80 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 22nd September 2023. 

The company has a dividend yield of 2.62 percent. As of Friday, the company’s shares closed at a price of Rs 307.05 and have a market capitalization of Rs 195 crores. 

Ambika Cotton Mills Ltd 

Ambika Cotton Mills is a company that manufactures and sells specialised cotton yarn to producers of premium branded shirts and t-shirts. 

The company has declared a Final dividend of Rs 35 per share equating to a 350 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 22nd September 2023.

The company has a dividend yield of 2.12 percent. As of Friday, the company’s shares closed at a price of Rs 1,659 and have a market capitalization of Rs 947 crores. 

Denis Chem Lab Ltd 

Denis Chem Lab Limited is engaged in the business of manufacturing Pharmaceuticals Transfusion Solutions in Bottles. 

The company has declared a Final dividend of Rs 2 per share equating to a 20 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 22nd September 2023. 

The company has a dividend yield of 1.76 percent. As of Friday, the company’s shares closed at a price of Rs 114.80 and have a market capitalization of Rs 159 crores. 

Gujarat Intrux Ltd 

Gujarat Intrux Ltd has been engaged in the manufacture of copper/brass extrusions. And also involved in the trading of copper and copper alloy. 

The company has declared a Final dividend of Rs 10 per share equating to a 100 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 22nd September 2023. 

The company has a dividend yield of 3.59 percent. As of Friday, the company’s shares closed at a price of Rs 280 and have a market capitalization of Rs 96 crores. 

Written by Omkar Chitnis

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