The ex-dividend date is the day on which the stock’s share price adjusts to reflect the next dividend payment. It is the day the stock becomes ex-dividend, meaning it does not carry the value of its next dividend payment from that day forward. Dividends are payable to all shareholders whose names appear on the company’s list before the end of the record date.
Read also: TCS buyback 2023: Should you tender your shares when record date falls next week?
The following are the stocks that declared dividends in the coming week:
Here we list details about some of the dividend stocks:
Aurobindo Pharma Ltd: The company declared an interim dividend of ₹3. Shares will trade ex-dividend on November 20.
Cochin Shipyard Ltd: The company declared an interim dividend of ₹8. Shares will trade ex-dividend on November 20.
Mazagon Dock Shipbuilders Ltd: The company declared an interim dividend of ₹15.34. Shares will trade ex-dividend on November 20.
Coal India: The company declared an interim dividend of ₹15.25. Shares will exchange ex-dividend on November 21.
Gillette India: The company declared a final dividend of ₹50. Shares will trade ex-dividend on November 21st.
ONGC: The company declared an interim dividend of ₹5.75. Shares will exchange ex-dividend on November 21.
Solar TV Network: The company declared an interim dividend of ₹5. Shares will trade ex-dividend on November 21st.
National Aluminum Co Ltd (NALCO): The company declared an interim dividend of ₹1. Shares will trade ex-dividend on November 22.
Oil India: The company declared an interim dividend of ₹3.5. Shares will trade ex-dividend on November 22.
Procter & Gamble Health Ltd: The company declared a final dividend of ₹50. Shares will trade ex-dividend on November 23.
Manappuram Finance: The company declared a final dividend of ₹0.85. Shares will trade ex-dividend on November 24.
Power Finance Corporation: The company declared a final dividend of ₹4.5. Shares will trade ex-dividend on November 24.
FULL LIST:
Stocks trading ex-dividend on Monday, November 20th:
Anupam Rasayan India Ltd, Aurobindo Pharma Ltd, Balrampur Chini Mills Ltd, Bella Casa Fashion & Retail Ltd, Cochin Shipyard Ltd, Dolat Algotech Ltd, GMM Pfaudler Ltd, GM Polyplast Ltd, Kaveri Seed Company Ltd, Mazagon Dock Shipbuilders Ltd
Stocks trading ex-dividend on Tuesday, November 21st:
Coal India Ltd, EID-Parry (India) Ltd, EPL Ltd, Gillette India Ltd, Gujarat Pipavav Port Ltd, National Peroxide Ltd, ONGC, RMPC Switchgears Ltd, Senco Gold Ltd, Sun TV Network Ltd, Talbros Engineering Ltd, Tide Water Oil (India) Ltd.
Stocks trading ex-dividend on Wednesday, November 22nd:
Crisil Ltd, IPCA Laboratories Ltd, NALCO, Oil India Ltd, Pearl Global Industries Limited, TD Power Systems Ltd
Stocks trading ex-dividend on Thursday, November 23rd:
Amrutanjan Health Care Ltd, Procter & Gamble Health Ltd, Premco Global Ltd.
Stocks trading ex-dividend on Friday, November 24th:
BMW Industries Ltd, Career Point Ltd, Ddev Plastiks Industries Ltd, EMS Ltd, ESAB India Ltd, Goldiam International Ltd, GPT Infraprojects Ltd, Indag Rubber Ltd, Manappuram Finance Ltd, Morganite Crucible (India) Ltd, Natco Pharma Ltd, Nicco Parks & Resorts Ltd, Power Finance Corporation Ltd, Riddhi Corporate Services Ltd, Sharat Industries Ltd, Uniparts India Ltd, Xtglobal Infotech Ltd
Read also: Dividend Yield Stocks: Coal India, ONGC, 8 others among top PSUs paying high dividends; do you own
The following are the stocks that declared a buyback in the coming week:
–ATUL Ltd will declare a share buyback on November 20
–Gujarat Narmada Valley Fertilizers & Chemicals Ltd will declare a share buyback on November 24
–Tata Consultancy Services (TCS) will declare a share buyback on November 24
A buyback is when a company buys back its shares from the existing shareholders. A company can announce a buyback offer either through a tender offer or through the open market or from odd owners. The repurchase offer price is usually higher than the market price.
The following are the stocks that have declared a bonus issue in the coming week:
–Olatech Solutions Ltd declared a bonus issue in the ratio 17:20. Shares will trade ex-bono on November 20
–Avantel Ltd declared a bonus in the ratio 2:1. Shares will trade ex-bono on November 24
A bonus is a corporate action that is an offer given to the company’s existing shareholders to subscribe for additional shares. Instead of increasing the dividend payment, the companies propose to distribute additional shares to the shareholders.
The following are the stocks that have declared a stock split in the coming week:
–Shaily Engineering Plastics Ltd will undergo a stock split of ₹10 to ₹2. Shares will trade ex-split on November 23rd.
–Ravalgaon Sugar Farm Ltd will undergo a stock split of ₹50 to ₹10. Shares will trade ex-split on November 24.
A stock split is a corporate action and occurs when a company increases the number of its shares to boost liquidity. The company issues additional shares to shareholders, increasing the total by the specified ratio based on the shares they previously held.
The most common split ratios are 2-for-1 or 3-for-1 (sometimes indicated as 2:1 or 3:1). This means that for every share held before the split, each shareholder will have two or three shares, respectively, after the split.
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Updated: 18 Nov 2023, 18:39 IST