“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:
HCL Technologies Limited
With a market capitalization of Rs 3.66 lakh crores, the stocks of HCL Technologies Limited closed at Rs 1,347.85 on Friday, slipping around 1 percent compared to the previous close of Rs 1,360.40 apiece. The company has a dividend yield of 3.82 percent.
The company has declared an interim dividend of Rs 18 per equity share, i.e., a payout of 900 percent over a Face Value of Rs 2 per share. The Record Date for the dividend is fixed as 7th May 2024.
Oracle Financial Services Software Limited
With a market capitalization of Rs 67,484.64 crores, the stocks of Oracle Financial Services Software Limited closed at Rs 7,785.70 on Friday, gaining around 0.30 percent compared to the previous close of Rs 7,764.50 apiece. The company has a dividend yield of 3.09 percent.
The company has declared an interim dividend of Rs 240 per equity share, i.e., a payout of 4,800 percent over a Face Value of Rs 5 per share. The Record Date for the dividend is fixed as 7th May 2024.
Laurus Labs Limited
With a market capitalization of Rs 24,107.94 crores, the stocks of Laurus Labs Limited closed at Rs 447.30 on Friday, slipping around 0.50 percent compared to the previous close of Rs 449.70 apiece. The company has a dividend yield of 0.10 percent.
The company has declared an interim dividend of Rs 0.40 per equity share, i.e., a payout of 20 percent over a Face Value of Rs 2 per share. The Record Date for the dividend is fixed as 8th May 2024.
DCB Bank Limited
With a market capitalization of Rs 4,336.13 crores, the stocks of DCB Bank Limited closed at Rs 138.60 on Friday, slipping around 0.80 percent compared to the previous close of Rs 139.65 apiece. The company has a dividend yield of 0.89 percent.
The company has declared a final dividend of Rs 1.25 per equity share, i.e., a payout of 12.50 percent over a Face Value of Rs 10 per share. The Record Date for the dividend is fixed as 10th May 2024.
HDFC Bank Limited
With a market capitalization of Rs 11.54 lakh crores, the stocks of HDFC Bank Limited closed at Rs 1,518.65 on Friday, slipping around 1 percent compared to the previous close of Rs 1,533 apiece. The company has a dividend yield of 1.27 percent.
The company has declared a final dividend of Rs 19.50 per equity share, i.e., a payout of 1,950 percent over a Face Value of Rs 1.00 per share. The Record Date for the dividend is fixed as 10th May 2024.
Bank of Maharashtra Limited
With a market capitalization of Rs 48,436.60 crores, the stocks of Bank of Maharashtra Limited closed at Rs 68.40 on Friday, slipping around 2 percent compared to the previous close of Rs 69.79 apiece. The company has a dividend yield of 2.01 percent.
The company has declared a final 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 10th May 2024.
Ramkrishna Forgings Limited
With a market capitalization of Rs 13,467.83 crores, the stocks of Ramkrishna Forgings Limited closed at Rs 745 on Friday, slipping around 1.70 percent compared to the previous close of Rs 757.85 apiece. The company has a dividend yield of 0.26 percent.
The company has declared an interim dividend of Rs 1.00 per equity share, i.e., a payout of 50 percent over a Face Value of Rs 2 per share. The Record Date for the dividend is fixed as 10th May 2024.
UCO Bank
With a market capitalization of Rs 66,176.23 crores, the stocks of UCO Bank closed at Rs 55.35 on Friday, slipping around 1.60 percent compared to the previous close of Rs 56.27 apiece. The company has a dividend yield of 0.50 percent.
The company has declared a final dividend of Rs 0.28 per equity share, i.e., a payout of 2.80 percent over a Face Value of Rs 10 per share. The Record Date for the dividend is fixed as 10th May 2024.
Written by Amit Madnani
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
