Company Declares Rs 36 Per Share as Dividend! Keep an Eye on The Ex-Dividend Date of These Stocks

A look at stocks that are about to trade ex-dividend in the next few days

companies will be trading ex dividend in the next few days

If you get hold of a few stocks with a track record of good dividend yield, you get good value for the money you put in. For long-term investors, in particular, having a portfolio with a high dividend prospect opens up a steady source of income throughout the year. In the short term, it is important to keep the ex-dividend dates in mind, so that we don’t miss out on the dividend cycle.

Also Read: These 5 stocks will give you dividend return that’s better than bank FD interest

Several companies will be trading ex-dividend in the next few days. 

  1. Gillette India will pay a dividend of Rs 36 per share on a face value of Rs 10. The ex-dividend date is 10 November 2022. The stock is presently trading at Rs 5186.5 per share.
     
  2. IT firm Tech Mahindra announced a special dividend of Rs 18 per share. The share is now trading at Rs 1026.95 per share. The ex-dividend date is 10 November 2022. Tech Mahindra has delivered a positive return of over 127% in the last five years.
     
  3. Nicco Parks and Resorts' share price is traded in the market at Rs 113.45. The dividend declared is a measly Rs 0.4 per share, but it will be the second interim dividend by the company. The ex-dividend date is 14 November 2022.
     
  4. Ajanta Pharma will also be trading ex-dividend from 14 November 2022. The company has declared an interim dividend of Rs 7 per share. The shares of this pharma company, with a presence in over 30 countries, are traded at Rs 1251 per share.
     
  5. Indag Rubber has its share just above Rs 77 at present. The company has declared an interim dividend of Rs 0.9 per share. This is the third straight time Indag Rubber has declared an interim dividend of the same value. The ex-dividend date is 18 November 2022. 
     
  6. Maan Aluminium also announced an interim dividend of Rs 1 per share, which will have a record date of 18 November 2022. Maan Aluminium share was last seen trading at Rs 190, which is almost three times the price from five years ago.
     
  7. Oriental Carbon and Chemicals has declared an interim dividend of Rs 7 per share. The ex-dividend date for the same is 18 November 2022. Its share is currently trading at Rs 798.5 per share. OCC is a small-cap company in the tyres sector. 

Also Read: Best dividend paying stocks in India in 2022

To receive a dividend, you must buy the share before the ex-dividend date. And if you sell on or after the ex-dividend date, you still get to earn the dividend. That is why the ex-dividend date is something that you should keep in mind.

Also Read: Are high dividend yields of PSU stocks getting you excited read this first to know the reasons

If you get hold of a few stocks with a track record of good dividend yield, you get good value for the money you put in. For long-term investors, in particular, having a portfolio with a high dividend prospect opens up a steady source of income throughout the year. In the short term, it is important to keep the ex-dividend dates in mind, so that we don’t miss out on the dividend cycle.

Also Read: These 5 stocks will give you dividend return that’s better than bank FD interest

Several companies will be trading ex-dividend in the next few days. 

  1. Gillette India will pay a dividend of Rs 36 per share on a face value of Rs 10. The ex-dividend date is 10 November 2022. The stock is presently trading at Rs 5186.5 per share.
     
  2. IT firm Tech Mahindra announced a special dividend of Rs 18 per share. The share is now trading at Rs 1026.95 per share. The ex-dividend date is 10 November 2022. Tech Mahindra has delivered a positive return of over 127% in the last five years.
     
  3. Nicco Parks and Resorts' share price is traded in the market at Rs 113.45. The dividend declared is a measly Rs 0.4 per share, but it will be the second interim dividend by the company. The ex-dividend date is 14 November 2022.
     
  4. Ajanta Pharma will also be trading ex-dividend from 14 November 2022. The company has declared an interim dividend of Rs 7 per share. The shares of this pharma company, with a presence in over 30 countries, are traded at Rs 1251 per share.
     
  5. Indag Rubber has its share just above Rs 77 at present. The company has declared an interim dividend of Rs 0.9 per share. This is the third straight time Indag Rubber has declared an interim dividend of the same value. The ex-dividend date is 18 November 2022. 
     
  6. Maan Aluminium also announced an interim dividend of Rs 1 per share, which will have a record date of 18 November 2022. Maan Aluminium share was last seen trading at Rs 190, which is almost three times the price from five years ago.
     
  7. Oriental Carbon and Chemicals has declared an interim dividend of Rs 7 per share. The ex-dividend date for the same is 18 November 2022. Its share is currently trading at Rs 798.5 per share. OCC is a small-cap company in the tyres sector. 

Also Read: Best dividend paying stocks in India in 2022

To receive a dividend, you must buy the share before the ex-dividend date. And if you sell on or after the ex-dividend date, you still get to earn the dividend. That is why the ex-dividend date is something that you should keep in mind.

Also Read: Are high dividend yields of PSU stocks getting you excited read this first to know the reasons

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