“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 eight stocks that will trade ex-dividend during the next week:
Coal India Limited
With a market capitalization of Rs 2.96 lakh crores, the stocks of Coal India Limited closed at Rs 479.85 on Friday, gaining around 0.70 percent compared to the previous close of Rs 476.70 apiece. The company has a dividend yield of 5.10 percent.
The company has declared an interim dividend of Rs 5.25 per equity share, i.e., a payout of 52.50 percent over a Face Value of Rs 10 per share. The Record Date for the dividend is fixed as 20th February 2023.
Hindustan Aeronautics Limited
With a market capitalization of Rs 2.06 lakh crores, the stocks of Hindustan Aeronautics Limited (HAL) closed at Rs 3,078.25 on Friday, gaining around 1.90 percent compared to the previous close of Rs 3,022.70 apiece. The company has a dividend yield of 0.91 percent.
The company has declared an interim dividend of Rs 22 per equity share, i.e., a payout of 440 percent over a Face Value of Rs 5 per share. The Record Date for the dividend is fixed as 20th February 2023.
MSTC Limited
With a market capitalization of Rs 6,763.68 crores, the stocks of MSTC Limited closed at Rs 960.75 on Friday, gaining around 1.50 percent compared to the previous close of Rs 947 apiece. The company has a dividend yield of 1.60 percent.
The company has declared an interim dividend of Rs 5 per equity share, i.e., a payout of 50 percent over a Face Value of Rs 10 per share. The Record Date for the dividend is fixed as 20th February 2023.
Hero Motocorp Limited
With a market capitalization of Rs 97,861.69 crores, the stocks of Hero Motocorp Limited closed at Rs 4,895 on Friday, gaining around 1.60 percent compared to the previous close of Rs 4,818.55 apiece. The company has a dividend yield of 2.10 percent.
The company has declared a total dividend payment of Rs 100 per share, i.e., an interim dividend of Rs 75 per equity share as well as a special dividend of Rs 25 per equity share. The Record Date for the dividend is fixed as 21st February 2023.
SJVN Limited
With a market capitalization of Rs 47,373.68 crores, the stocks of SJVN Limited closed at Rs 120.55 on Friday, slipping around 3.60 percent compared to the previous close of Rs 125 apiece. The company has a dividend yield of 1.45 percent.
The company has declared an interim dividend of Rs 1.15 per equity share, i.e., a payout of 11.50 percent over a Face Value of Rs 10 per share. The Record Date for the dividend is fixed as 21st February 2023.
Sula Vineyards Limited
With a market capitalization of Rs 5,210.83 crores, the stocks of Sula Vineyards Limited closed at Rs 617.40 on Friday, gaining around 3.50 percent compared to the previous close of Rs 596.85 apiece. The company has a dividend yield of 1.40 percent.
The company has declared an interim dividend of Rs 4 per equity share, i.e., a payout of 200 percent over a Face Value of Rs 2 per share. The Record Date for the dividend is fixed as 21st February 2023.
NHPC Limited
With a market capitalization of Rs 93,368.60 crores, the stocks of NHPC Limited closed at Rs 92.95 on Friday, gaining around 0.40 percent compared to the previous close of Rs 92.61 apiece. The company has a dividend yield of 2 percent.
The company has declared an interim dividend of Rs 1.40 per equity share, i.e., a payout of 14 percent over a Face Value of Rs 10 per share. The Record Date for the dividend is fixed as 22nd February 2023.
National Aluminium Company Limited
With a market capitalization of Rs 29,882 crores, the stocks of National Aluminium Company Limited closed at Rs 162.70 on Friday, gaining around 3.50 percent compared to the previous close of Rs 157.20 apiece. The company has a dividend yield of 2.90 percent.
The company has declared an interim dividend of Rs 2 per equity share, i.e., a payout of 40 percent over a Face Value of Rs 5 per share. The Record Date for the dividend is fixed as 23rd February 2023.
Written by Amit Madnani
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