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:
Siyaram Silk Mills Ltd
Siyaram Silk Mills Ltd is a manufacturer of textiles. It specializes in the production of textiles and ready-to-wear clothes, particularly for men’s wear.
The company has declared an Interim dividend of Rs 4 per share equating to a 200 percent payout as compared to the face value of Rs 2. The ex-dividend date has been fixed as 7th November 2023.
The company has a dividend yield of 2.14 percent. On Friday, the company’s shares closed at Rs 520.30 with a market capitalization of Rs 2,410 crores.
D B Corp Ltd
D.B. Corp Ltd is engaged in the business of publishing newspapers, and radio broadcasting, providing integrated internet and mobile interactive services, and event management.
The company has declared an Interim 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 7th November 2023.
The company has a dividend yield of 2.02 percent. On Friday, the company’s shares closed at Rs 305.10 with a market capitalization of Rs 5,284 crores.
Rites Ltd
Rail India Technical and Economic Service (RITES) is one of the leading players in the transport consultancy and engineering sector in India, and exports railway equipment globally.
The company has declared an Interim dividend of Rs 4.5 per share equating to a 45 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 8th November 2023.
The company has a dividend yield of 4.63 percent. On Friday, the company’s shares closed at Rs 438.90 with a market capitalization of Rs 10,648 crores.
Great Eastern Shipping Company Ltd
Great Eastern Shipping Co. Ltd. is engaged in shipping and offshore business. Its shipping business offers transportation services for crude oil, petroleum products, gas, and dry bulk commodities.
The company has declared an Interim dividend of Rs 6.3 per share equating to a 63 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 8th November 2023.
The company has a dividend yield of 3.65 percent. On Friday, the company’s shares closed at Rs 788.70 with a market capitalization of Rs 11,267 crores.
Nippon Life India Asset Management Ltd
Nippon Life India Asset Mgt is engaged in managing mutual funds including exchange-traded funds, portfolio management services, alternative investment funds, and pension funds.
The company has declared an Interim dividend of Rs 5.5 per share equating to a 55 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 9th November 2023.
The company has a dividend yield of 2.98 percent. On Friday, the company’s shares closed at Rs 393.50 with a market capitalization of Rs 24,033 crores.
Indian Oil Corporation Ltd
Indian Oil Corporation Ltd is in the business of Refining, Pipeline transportation, and marketing of Petroleum products to R&D, Exploration & production, and marketing of natural gas and petrochemicals.
The company has declared an Interim dividend of Rs 5 per share equating to a 50 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 10th November 2023.
The company has a dividend yield of 3.08 percent. On Friday, the company’s shares closed at Rs 95.90 with a market capitalization of Rs 1,34,335 crores.
Petronet LNG Ltd
Petronet LNG Ltd was established to develop, design, build, own, and manage LNG import and regasification terminals in India.
The company has declared an Interim 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 10th November 2023.
The company has a dividend yield of 5.13 percent. On Friday, the company’s shares closed at Rs 196.05 with a market capitalization of Rs 29,258 crores.
Written by Omkar Chitnis
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