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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: 

Cera Sanitaryware Ltd 

Cera Sanitaryware Ltd is engaged in the business of manufacturing, marketing, and distributing sanitary ware and faucet ware products, offering a comprehensive portfolio of products including sanitaryware, faucets, tiles, showers, and wellness solutions. 

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With a market capitalization of Rs. 11,716 crores, the shares started trading at Rs. 8,300. During the trading session, the shares hit a high of Rs. 9,290, gaining around 11 percent and closed the day at Rs. 9,090 apiece. The company has a dividend yield of 0.72 percent. 

The firm issued a final dividend of Rs 60 per equity share, representing a 1,200 percent payout over the face value of Rs 5 per share. The dividend’s Record Date is June 25, 2024. 

Bajaj Holdings & Investment Ltd 

Bajaj Holdings & Investment Ltd. operates as an Investment Company and is registered as a Non-Banking Financial Institution – Investment and Credit Company with the Reserve Bank of India. The Co. holds more than 30 percent stake in both Bajaj Auto Ltd. and Bajaj Finserv Ltd. 

With a market capitalization of Rs. 91,702 crores, the shares started Friday’s trading session at Rs. 8,250. During the trading session, the shares hit a high of Rs. 8,310, gaining around 1 percent and closed the day at Rs. 8,226 apiece. The company has a dividend yield of 1.59 percent. 

The firm issued a final dividend of Rs 21 per equity share, representing a 210 percent payout over the face value of Rs 10 per share. The dividend’s Record Date is June 28, 2024. 

IndusInd Bank Ltd 

IndusInd Bank Ltd is a leading Indian financial services company that offers a wide range of banking and financial solutions to individuals, large corporations, government entities, and public sector undertakings. 

With a market capitalization of Rs. 1,18,565 crores, the shares started Friday’s trading session at Rs. 1,523. During the trading session, the shares hit a low of Rs. 1,511.25, losing around 1 percent and closed the day at Rs. 1,527 apiece. The company has a dividend yield of 1.08 percent. 

The firm issued a final dividend of Rs 16.50 per equity share, representing a 165 percent payout over the face value of Rs 10 per share. The dividend’s Record Date is June 28, 2024.

Kalpataru Projects International Ltd 

Kalpataru Power Transmission Ltd is a global EPC player with diversified interests in power transmission and distribution, oil and gas pipelines, railways and biomass-based power generation. 

With a market capitalization of Rs. 18,673 crores, the shares started Friday’s trading session at Rs. 1,165. During the trading session, the shares hit a low of Rs. 1,145, losing around 1 percent and closed the day at Rs. 1,163 apiece. The company has a dividend yield of 0.68 percent. 

The firm issued a final dividend of Rs 8 per equity share, representing a 400 percent payout over the face value of Rs 2 per share. The dividend’s Record Date is June 28, 2024. 

Nippon Life India Asset Management Ltd 

Nippon Life India Asset Management Limited (NAM India) is a leading asset management company in India that manages mutual funds, including Exchange Traded Funds (ETFs), Managed Accounts, Alternative Investment Funds, Pension Funds, and Offshore Funds. 

With a market capitalization of Rs. 42,061, the shares started Friday’s trading session at Rs. 653. During the trading session, the shares hit a high of Rs. 674.80, gaining around 2 percent, also recorded as the company’s fresh 52-week high and closed the day at Rs. 664 apiece. The company has a dividend yield of 2.53 percent. 

The firm issued a final dividend of Rs 11 per equity share, representing a 110 percent payout over the face value of Rs 10 per share. The dividend’s Record Date is June 28, 2024. 

REC Ltd 

REC is a Central Public Sector Undertaking under the Ministry of Power involved in financing projects in the complete power sector value chain from generation to distribution. 

With a market capitalization of Rs. 1,34,294 crores, the shares started Friday’s trading session at Rs. 509.50. During the trading session, the shares hit a high of Rs. 522.30, gaining around 2 percent and closed the day at Rs. 510 apiece. The company has a dividend yield of 3.17 percent. 

The firm issued a final dividend of Rs 5 per equity share, representing a 50 percent payout over the face value of Rs 10 per share. The dividend’s Record Date is June 28, 2024. 

Written By Vaibhav Patil

Disclaimer

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