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 six stocks that will be trading ex-dividend next week:
Deepak Fertilisers And Petrochemicals Corporation
Deepak Fertilisers and Petrochemicals Corporation Ltd is in the business of fertilizers, agri services, bulk chemicals, mining chemicals and real estate.
The company has declared a dividend of Rs 8.50 per share equating to an 85 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 3rd September 2024.
The company has a dividend yield of 0.81 percent. On Friday, the company’s shares closed at Rs 1,043 with a market capitalization of Rs 13,173 crores.
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Goa Carbon Ltd
Goa Carbon Ltd manufactures and sells Calcined Petroleum Coke. The Company has three plants across India, i.e., Goa, Paradeep and Bilaspur. One of the leading producers and manufacturers, the Company possesses license capacity to manufacture CPC of 1 lakh MT for the Goa Unit, 1.68 lakh MT for the Paradeep Unit, and 0.40 lakh MT for the Bilaspur Unit.
The company has declared a dividend of Rs 10 per share equating to a 100 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 3rd September 2024.
The company has a dividend yield of 2.52 percent. On Friday, the company’s shares closed at Rs 815 with a market capitalization of Rs 745 crores.
Karnataka Bank Ltd
Karnataka Bank is engaged in providing a wide range of banking & financial services involving retail, corporate banking and para-banking activities in addition to treasury and foreign exchange business.
The company has declared a 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 3rd September 2024.
The company has a dividend yield of 2.42 percent. On Friday, the company’s shares closed at Rs 229 with a market capitalization of Rs 8,631 crores.
Gujarat Narmada Valley Fertilizers & Chemicals Ltd
The Gujarat Narmada Valley Fertilizers & Chemicals Ltd operates businesses mainly in the Industrial Chemicals, Fertilizers apart from the small presence of IT services. The company is involved in the manufacturing and selling of fertilizers and chemicals. One of the leaders in the agrochemicals industry, it produces fertilizers such as Urea and Nitrophosphate.
The company has declared a dividend of Rs 16.5 per share equating to a 165 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 6th September 2024.
The company has a dividend yield of 2.44 percent. On Friday, the company’s shares closed at Rs 686 with a market capitalization of Rs 10,073 crores.
Gulf Oil Lubricants India Ltd
Gulf Oil Lubricants Ltd is engaged in the business of manufacturing, marketing and trading of automotive and non-automotive lubricants.Its products include passenger car motor oils, heavy-duty diesel engine oils and many more.
The company has declared a dividend of Rs 20 per share equating to a 1000 percent payout as compared to the face value of Rs 2. The ex-dividend date has been fixed as 5th September 2024.
The company has a dividend yield of 2.42 percent. On Friday, the company’s shares closed at Rs 1,420 with a market capitalization of Rs 6,986 crores.
SML ISUZU Ltd
SML Isuzu Ltd (SMLI) is a prominent commercial vehicle manufacturer in India, established in 1983. The company specializes in producing a variety of vehicles, including buses, ambulances, and customized vehicles, catering to both domestic and international markets.
The company has declared a dividend of Rs 16 per share equating to a 160 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 6th September 2024.
The company has a dividend yield of 0.78 percent. On Friday, the company’s shares closed at Rs 2,064 with a market capitalization of Rs 2,987 crores.
Written by Omkar Chitnis
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