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 seven stocks that will be trading ex-dividend next week:
Cochin Shipyard Ltd
The company has declared an Interim dividend of Rs 8 per share equating to an 80 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 20th November 2023.
The company has a dividend yield of 0.93 percent. On Friday, the company’s shares closed at Rs 1,080 with a market capitalization of Rs 14,211 crores.
Oil and Natural Gas Corporation Ltd
The Oil and Natural Gas Corporation Limited is an Indian central public sector enterprise governed by the Ministry of Petroleum and Natural Gas of the Government of India. The company explores, develops, and produces crude oil, natural gas, and value-added products.
The company has declared an Interim dividend of Rs 5.75 per share equating to an 115 percent payout as compared to the face value of Rs 5. The ex-dividend date has been fixed as 21st November 2023.
The company has a dividend yield of 5.57 percent. On Friday, the company’s shares closed at Rs 196 with a market capitalization of Rs 2,46,888 crores.
Sun TV Network Ltd
Sun TV Network is engaged in producing and broadcasting satellite television and radio software programming in the regional languages of South India.
The company has declared an Interim dividend of Rs 5 per share equating to an 100 percent payout as compared to the face value of Rs 5. The ex-dividend date has been fixed as 21st November 2023.
The company has a dividend yield of 2.24 percent. On Friday, the company’s shares closed at Rs 675 with a market capitalization of Rs 26,583 crores.
Tide Water Oil Co (I) Ltd
Tide Water Oil is a leading manufacturer and marketer of lubricants in over 65 countries around the globe. The Company manufactures a wide range of automotive lubricants for 2-wheelers, passenger cars, commercial vehicles, OEM oils, gear and transmission oils, greases, etc.
The company has declared an Interim dividend of Rs 20 per share equating to an 1000 percent payout as compared to the face value of Rs 2. The ex-dividend date has been fixed as 21st November 2023.
The company has a dividend yield of 3.24 percent. On Friday, the company’s shares closed at Rs 1,276 with a market capitalization of Rs 2,223 crores.
Esab India Ltd
ESAB India Ltd is a leading supplier of welding and cutting products in India. The company’s products include welding consumables, arc welding equipment, plasma, cutting automation, gas equipment, and many others.
The company has declared an Interim dividend of Rs 32 per share equating to an 320 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 24th November 2023.
The company has a dividend yield of 1.33 percent. On Friday, the company’s shares closed at Rs 5,952 with a market capitalization of Rs 9,162 crores.
Uniparts India Ltd
Uniparts India Limited is a manufacturer of engineered systems and solutions. The company is one of the leading suppliers of systems and components for the off-highway market in the agriculture and construction, forestry and mining, and aftermarket sectors.
The company has declared an Interim dividend of Rs 8 per share equating to an 80 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 24th November 2023.
The company has a dividend yield of 2.59 percent. On Friday, the company’s shares closed at Rs 550 with a market capitalization of Rs 2,484 crores.
Power Finance Corporation Ltd
Power Finance Corporation (PFC) is a financial organization that specializes in power sector finance, offering financial support to power projects in India such as power generation, transmission, and distribution.
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 24th November 2023.
The company has a dividend yield of 3.42 percent. On Friday, the company’s shares closed at Rs 316 with a market capitalization of Rs 1,04,415 crores.
Written by Omkar Chitnis
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