A dividend is a portion of a company’s profits given to its shareholders. When a company has retained earnings, management can choose to reinvest the money to grow the business, pay off debts, or save it for future needs.
Here are the 12 stocks that will trade ex-dividend in the coming week:
1. Oberoi Realty Limited
With a market capitalization of Rs. 59,252.62 crore, the share price of Oberoi Realty Limited Company closed at Rs. 1,629.60 per share on Friday, 0.81 percent lower than its previous close of Rs. 1,642.90.
The company is issuing an interim 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 5th May 2024. The company has a dividend yield of 0.49 percent.
2. PTC India Limited
With a market capitalization of Rs. 5,342.95 crore, the share price of PTC India Limited Company closed at Rs. 180.50 per share on Friday, 2.30 percent higher than its previous close of Rs. 176.45.
The company is issuing an interim 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 5th May 2024. The company has a dividend yield of 4.26 percent.
3. CRISIL Limited
With a market capitalization of Rs. 33,945.49 crore, the share price of CRISIL Limited Company closed at Rs. 4,641.80 per share on Friday, 4.22 percent higher than its previous close of Rs. 4,453.75.
The company is issuing an interim dividend of Rs. 8 per equity share, representing an 800 percent payout over the face value of Re. 1 per share. The record date for the dividend is set as 7th May 2024. The company has a dividend yield of 1.14 percent.
4. Sundram Fasteners Limited
With a market capitalization of Rs. 19,234.10 crore, the share price of Sundram Fasteners Limited Company closed at Rs. 915.35 per share on Friday, 0.24 percent lower than its previous close of Rs. 917.55.
The company is issuing an interim dividend of Rs. 4.2 per equity share, representing a 420 percent payout over the face value of Re. 1 per share. The record date for the dividend is set as 7th May 2024. The company has a dividend yield of 0.77 percent.
5. Varun Beverages Limited
With a market capitalization of Rs. 1,77,108.31 crore, the share price of Varun Beverages Limited Company closed at Rs. 523.70 per share on Friday, 0.52 percent higher than its previous close of Rs. 521.
The company is issuing an interim dividend of Rs. 0.5 per equity share, representing a 25 percent payout over the face value of Rs. 2 per share. The record date for the dividend is set as 7th May 2024. The company has a dividend yield of 0.19 percent.
6. Oracle Financial Services Software Limited
With a market capitalization of Rs. 75,549.84 crore, the share price of Oracle Financial Services Software Limited Company closed at Rs. 8,696.40 per share on Friday, 0.05 percent lower than its previous close of Rs. 8,701.05.
The company is issuing an interim dividend of Rs. 265 per equity share, representing a 5,300 percent payout over the face value of Rs. 5 per share. The record date for the dividend is set as 8th May 2024. The company has a dividend yield of 3.03 percent.
7. Anand Rathi Wealth Limited
With a market capitalization of Rs. 14,276.64 crore, the share price of Anand Rathi Wealth Limited Company closed at Rs. 1,719.65 per share on Friday, 0.85 percent higher than its previous close of Rs. 1,705.10.
The company is issuing an interim dividend of Rs. 7 per equity share, representing a 140 percent payout over the face value of Rs. 5 per share. The record date for the dividend is set as 9th May 2024. The company has a dividend yield of 0.62 percent.
Also read: PSU Railway stock jumps 14% after reporting 74% QoQ increase in net profits in Q4
8. Bajaj Finance Limited
With a market capitalization of Rs. 5,50,726.80 crore, the share price of Bajaj Finance Limited Company closed at Rs. 8,862.25 per share on Friday, 2.62 percent higher than its previous close of Rs. 8,635.70.
The company is issuing an interim dividend of Rs. 12 per equity share, representing a 600 percent payout over the face value of Rs. 2 per share. The record date for the dividend is set as 9th May 2024. The company has a dividend yield of 0.52 percent.
9. Laurus Labs Limited
With a market capitalization of Rs. 33,417.48 crore, the share price of Laurus Labs Limited Company closed at Rs. 619.70 per share on Friday, 2.63 percent higher than its previous close of Rs. 603.80.
The company is issuing an interim dividend of Rs. 0.80 per equity share, representing a 40 percent payout over the face value of Rs. 2 per share. The record date for the dividend is set as 9th May 2024. The company has a dividend yield of 0.20 percent.
10. Bank of Maharashtra
With a market capitalization of Rs. 38,950.03 crore, the share price of Bank of Maharashtra closed at Rs. 50.64 per share on Friday, 0.10 percent lower than its previous close of Rs. 50.69.
The company is issuing an interim dividend of Rs. 1.5 per equity share, representing a 15 percent payout over the face value of Rs. 10 per share. The record date for the dividend is set as 9th May 2024. The company has a dividend yield of 2.95 percent.
11. Transformers and Rectifiers India Limited
With a market capitalization of Rs. 14,889.73 crore, the share price of Transformers and Rectifiers India Limited Company closed at Rs. 496.05 per share on Friday, 0.32 percent higher than its previous close of Rs. 494.45.
The company is issuing an interim dividend of Rs. 0.2 per equity share, representing a 20 percent payout over the face value of Re. 1 per share. The record date for the dividend is set as 9th May 2024. The company has a dividend yield of 0.04 percent.
12. UCO Bank
With a market capitalization of Rs. 39,549.77 crore, the share price of UCO Bank closed at Rs. 31.54 per share on Friday, 1.61 percent higher than its previous close of Rs. 31.04.
The company is issuing an interim dividend of Rs. 0.39 per equity share, representing a 3.9 percent payout over the face value of Rs. 10 per share. The record date for the dividend is set as 9th May 2024. The company has a dividend yield of 1.24 percent.
Written By – Nikhil Naik
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