Several stocks including Eicher Motors, CAMS, Hindalco, KPIT Tech, Varun Beverages, Bharat Electronics (BEL), J&K Bank, Coal India, IRCTC will trade ex-dividend next week. Watch this Visual Story to see the full list of stocks that will be trading ex-dividend from August 14 to August 18, 2023.
Dividends are defined as the distribution of a company’s earnings to its shareholders, as determined by the Board of Directors. Dividends are normally paid out every three months and might be either in cash or in the form of reinvestment in further firm stock. All the shareholders whose names appear in the company's list by the end of the record date will be eligible to receive dividends.
The ex-dividend date is when the price of the equity shares of a company gets adjusted for the dividend payout. The ex-date and record date for dividends have been the same day since the “T+1” settlement cycle commenced.
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Amba Enterprises, Alkali Metals, Avantel, CAMS, CL Educate, Eicher Motors, Everest Industries, Fine Organic Industries, Heritage Foods, HG Infra, Hindalco, ISGEC Heavy Engineering, Kamdhenu, KPIT Technologies, Maharashtra Seamless, Mahanagar Gas, Quest Capital, REC, Steel Strips Wheels, Varun Beverages are among the stocks that are trading ex-dividend on Monday.
No stocks will trade ex-dividend on Tuesday (August 15), as share markets will remain closed on account of Independence Day. There will be no trading on NSE, BSE on this day.
No stock will trade ex-dividend on Wednesday (June 16), according to the BSE website.
Bharat Electronics (BEL), Benaras Hotels, IL&FS Investment Managers, J&K Bank, Vedanta Fashions, Relaxo Footwears, South Indian Bank, V-Guard Industries, The Yamuna Syndicate are among the stocks that will be trading ex-dividend on Thursday.
Apollo Hospitals, Coal India, CCI, D-Link, Greenply Industries, IRCTC, Jindals Steel & Power, JK Paper, LIC Housing Finance, Page Industries, RBL Bank, Somany Ceramics, Tata Metaliks, Tega Industries, Whirlpool of India are among that stocks will trade ex-dividend on Friday.
India Inc. once again didn’t shy away from handsomely rewarding its shareholders in FY23 despite lacklustre profit growth. Indian companies doled out record-high dividends of Rs 4 lakh crore in the last fiscal year, registering a 28% rise from FY22, according to reports. Almost two-thirds of the companies in the BSE 500 have been sharing dividends over the past five years.
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