Dividends are a share of a company’s profits paid out to shareholders as a reward for their investment. These periodic payments offer investors a consistent income stream and indicate the company’s financial health and stability. For investors seeking reliable income and sustained growth, grasping dividend policies and trends is crucial.
Here are five stocks that will trade ex-dividend in the coming week:
Balmer Lawrie & Company Limited
Balmer Lawrie & Company Ltd., a Miniratna-I company, has a broad market presence both in India and internationally, operating across various sectors such as industrial packaging, greases, lubricants, and logistics.
The company is issuing a final dividend of Rs.8.5 per equity share, representing an 85 percent payout over the face value of Rs.10 per share. The record date for the dividend is set as 19th September 2024. The company has a dividend yield of 3.07 percent.
With a market capitalization of Rs.4,828 crore, the share price of Balmer Lawrie & Company closed at Rs.282.35 per share on Friday, 0.86 percent higher than its previous close.
Ruchira Papers Limited
Ruchira Papers Ltd focuses on producing Kraft paper and writing and printing paper, catering to a wide range of packaging and printing requirements.
The company is issuing a final dividend of Rs.5 per equity share, representing a 50 percent payout over the face value of Rs.10 per share. The record date for the dividend is set as 17th September 2024. The company has a dividend yield of 3.38 percent.
With a market capitalization of Rs.442 crore, the share price of Ruchira Papers closed at Rs.148.1 per share on Friday, 2.7 percent higher than its previous close.
NMDC Limited
NMDC Ltd (National Mineral Development Corporation), a Navratna public sector enterprise, is primarily involved in the exploration and extraction of iron ore and other minerals within India.
The company is issuing a final dividend of Rs.1.5 per equity share, representing a 150 percent payout over the face value of Rs.1 per share. The record date for the dividend is set as 17th September 2024. The company has a dividend yield of 3.31 percent.
With a market capitalization of Rs.64,635 crore, the share price of NMDC Ltd closed at Rs.220.7 per share on Friday, 2.41 percent higher than its previous close.
Divyashakti Limited
Divyashakti Ltd is engaged in the manufacturing and export of polished granite slabs, tiles, monuments, and quartz slabs, serving a wide array of architectural requirements.
The company is issuing a final dividend of Rs.2 per equity share, representing a 20 percent payout over the face value of Rs.10 per share. The record date for the dividend is set as 17th September 2024. The company has a dividend yield of 2.63 percent.
With a market capitalization of Rs.79 crore, the share price of Divyashakti Ltd closed at Rs.76.97 per share on Friday, 1.28 percent higher than its previous close.
Narmada Gelatines Limited
Narmada Gelatines Ltd, located in Jabalpur, Madhya Pradesh, specializes in the production of gelatin and ossein, along with the by-product di-calcium phosphate, catering to various industrial applications.
The company is issuing a final dividend of Rs.10 per equity share, representing a 100 percent payout over the face value of Rs.10 per share. The record date for the dividend is set as 17th September 2024. The company has a dividend yield of 2.43 percent.
With a market capitalization of Rs.246 crore, the share price of Narmada Gelatines Ltd closed at Rs.406 per share on Friday, 1.2 percent higher than its previous close.
Written by – Siddesh S Raskar
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