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“Don’t Miss Out: Noteworthy Stocks Trading Ex-Dividend This Week”

Introduction

Investors, take note! Several stocks are set to trade ex-dividend this week. As an investor, it’s essential to be aware of these dates to ensure you don’t miss out on dividend payouts. In this article, we’ll provide an overview of some notable stocks going ex-dividend and discuss what it means for shareholders.

Ex-Dividend Dates: What They Mean

The ex-dividend date is the cutoff date for shareholders to be eligible to receive the upcoming dividend payment. If you own shares of a company before the ex-dividend date, you are entitled to the dividend. However, if you purchase shares on or after the ex-dividend date, you will not be eligible for the dividend payment.

The following businesses will trade ex-dividend:

a) Hindustan Aeronautics Limited (HAL): The business announced an interim dividend of 20 rupees (200%) on each equity share’s face value of 10 for the fiscal year 22-23. The record date for evaluating a shareholder’s eligibility for the same has been established by the corporation as March 20, 2023. The ex-dividend date for the stock is March 20, 2023.

HAL declared an equity dividend of $30 per share during the previous twelve months, yielding a dividend of 1.05 percent.

The stock increased 2.78% to Rs. 2,799.60 on the BSE on Friday.

b) Ujjivan Financial Services: According to the company’s announcement, a 50% interim dividend—or $5 per equity share—will be paid to the company’s board of directors. The corporation has set March 20, 2023 as the record date for the aforementioned dividend. The ex-dividend date for the stock is March 20, 2023.

On Friday, the stock’s price declined by 0.40%. on the BSE, 261.80 per share.

b) GAIL India: During the fiscal years 22–23, the company has announced an interim dividend of $4 per equity share. The record date for evaluating a shareholder’s eligibility for the same has been established by the corporation as March 21, 2023. On March 21, 2023, the stock will trade ex-dividend.

GAIL declared an equity dividend of $10 per share during the last 12 months, yielding a dividend of 9.08 percent.

The stock increased by 0.55% to 110.20 per share on Friday on the BSE.

d) Housing and Urban Development Corporation Limited: For the current fiscal year, the business has issued an interim dividend of 0.75 per equity share. The record date used by the corporation to determine a shareholder’s eligibility is March 21, 2023. On March 21, 2023, the stock will trade ex-dividend.

Investors received an equity dividend from HUDCO in the past year of $3.50 per share, yielding a dividend of 7.61 percent.

The stock increased 0.58% to 45.14 per share on Friday on the BSE.

e) Cama Holdings Limited: For the current fiscal year, the company has issued an interim dividend of 84 per equity share. The record date used by the corporation to determine a shareholder’s eligibility is March 21, 2023. On March 21, 2023, the stock will trade ex-dividend.

Cama Holdings Ltd has declared equity dividends at a rate of 162 per share over the past 12 months.

The stock increased 0.38% to $12,033.10 per share on Friday on the BSE.

f) For the current fiscal year, National Aluminum Company Limited (NALCO) has issued an interim dividend of 2.5 per equity share. The record date used by the corporation to determine a shareholder’s eligibility is March 21, 2023. On March 21, 2023, the stock will trade ex-dividend.

NALCO declared an equity dividend of 6.5 per share during the last 12 months, or a dividend of 7.86%.

The stock increased 83.38 per share by 1.55% on Friday, according to the BSE.

b) Sun TV Network: For the current fiscal year, the corporation has issued an interim dividend of 2.5 per equity share. The record date used by the corporation to determine a shareholder’s eligibility is March 21, 2023. On March 21, 2023, the stock will trade ex-dividend.

Sun TV Network declared an equity dividend of 13.75 per share for the previous twelve months, yielding a 3.25 percent dividend.

The stock decreased 0.85% as of Friday’s end. BSE price per share is 431.55.

h) Glenmark Life Sciences: For the current fiscal year, the company has issued an interim dividend of 21 per equity share. The record date used by the corporation to determine a shareholder’s eligibility is March 24, 2023. The ex-dividend date for the stock is March 24, 2023.

Throughout the last 12 months, Glenmark Life Sciences has announced equity dividend 21 per share, resulting in a dividend yield of 5.17 percent.

The stock fell 4.81% by Friday’s close. On the BSE, 406.05 per share.

I Steel Authority of India (SAIL): During the current fiscal year, the business has declared an interim dividend of one rupee per equity share. The record date used by the corporation to determine a shareholder’s eligibility is March 24, 2023. The ex-dividend date for the stock is March 24, 2023.

SAIL announced an equity dividend of 8.75 per share for the last 12 months, yielding a dividend of 9.87 percent.

The stock increased by 3.81% to 88.59 per share on Friday on the BSE.

j) Styrenics Performance Materials Limited: During the current fiscal year, the company has declared an interim dividend of Rs. 80 per equity share. The record date used by the corporation to determine a shareholder’s eligibility is March 24, 2023. The ex-dividend date for the stock is March 24, 2023.

The corporation declared an equity dividend of 297 per share during the previous twelve months, yielding a dividend of 33.71 percent.

The stock increased by 4.97% to $878.95 per share on Friday.


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