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Dividends are a portion of a company’s profits sent to shareholders to compensate for their investment. Monthly payments provide investors with a constant income and reflect a company’s financial stability. Understanding dividend policy and trends is crucial for investors seeking long-term income and capital growth. 

Here are the six stocks that will trade ex-dividend in the coming week:

Bank of India 

Bank of India Limited (the Bank) is an Indian bank. Treasury Operations, Wholesale Banking Operations, and Retail Banking Operations are its three business segments. Treasury Operations involves the investment portfolio, such as dealing with government and other securities. 

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With a market capitalization of Rs 57,135.98 crore, the shares closed at Rs 125.50 per share, increased around 0.80 percent as compared to the previous closing price. The company has a dividend yield of 2.25 percent. 

The firm issued a Final dividend of Rs 2.8 per equity share, representing a 28% payout over the face value of Rs 10 per share. The dividend’s Record Date is June 18, 2024

HDFC Asset Management Company Ltd 

HDFC Asset Management Company Limited is a mutual fund manager. The Company is in the business of managing assets for HDFC Mutual Fund and alternative investment funds, as well as offering portfolio management and consulting services to customers. 

With a market capitalization of Rs 85,649.78 crore, the shares closed at Rs 4,012.00 per share, increased around 0.40 percent as compared to the previous closing price. The company has a dividend yield of 1.75 percent. 

The firm issued a Final dividend of Rs 70 per equity share, representing a 1400% payout over the face value of Rs 5 per share. The dividend’s Record Date is June 18, 2024

L&T Finance Ltd 

L&T Finance Holdings Limited (LTFH) provides a variety of financial products and services through its subsidiary, L&T Finance Limited, under the L&T Finance name. The company’s segments include retail, wholesale, defocused, and others. 

With a market capitalization of Rs 45,315.08 crore, the shares closed at Rs 181.70 per share, increased around 3.33 percent as compared to the previous closing price. The company has a dividend yield of 14.22 percent. 

The firm issued a Final dividend of Rs 2.5 per equity share, representing a 25% payout over the face value of Rs 10 per share. The dividend’s Record Date is June 18, 2024. 

Dalmia Bharat Ltd 

Dalmia Bharat Limited is an Indian cement-producing firm. The Company primarily manufactures and sells cement and associated materials. The Company’s segments are Cement and Others. 

With a market capitalization of Rs 35,326.47 crore, the shares closed at Rs 1,883.60 per share, decreased around 0.92 percent as compared to the previous closing price. The company has a dividend yield of 0.48 percent. 

The firm issued a Final dividend of Rs 5 per equity share, representing a 250% payout over the face value of Rs 2 per share. The dividend’s Record Date is June 19, 2024. 

LTIMindtree Ltd 

LTIMindtree Limited is engaged in the business of analyzing, designing, maintaining, converting, porting, debugging, coding, outsourcing and programming software and also providing information technology-enabled services. 

With a market capitalization of Rs 1.48 lakh crore, the shares closed at Rs 5,026.05 per share, decreased around 0.38 percent as compared to the previous closing price. The company has a dividend yield of 1.29 percent. 

The firm issued a Final dividend of Rs 45 per equity share, representing a 4500% payout over the face value of Rs 1 per share. The dividend’s Record Date is June 19, 2024. 

Larsen & Toubro Ltd 

Larsen & Toubro Limited specializes in engineering, procurement, and construction (EPC) projects, high-technology manufacturing, and services. Its segments include Infrastructure Projects, Energy Projects, High-Tech Manufacturing, IT & Technology Services, Financial Services, Development Projects, and Others. 

With a market capitalization of Rs 5.06 lakh crore, the shares closed at Rs 3,686.75 per share, decreased around 0.47 percent as compared to the previous closing price. The company has a dividend yield of 0.92 percent.

The firm issued a Final dividend of Rs 28 per equity share, representing a 1400% payout over the face value of Rs 2 per share. The dividend’s Record Date is June 20, 2024

Written by:- Abhishek Singh

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