Indian fairness markets prolonged losses on Thursday, F&O expiry day, amid subdued world sentiment. Both BSE Sensex and NSE Nifty 50 had been buying and selling marginally decrease. “We believe the present market volatility offers an attractive opportunity to build a long term portfolio of quality companies, which have lean balance sheets, are capital efficient and have growth longevity.” mentioned ICICI Direct in its newest report. Investors may search for dividend shares amid the present risky market. Marquee names akin to Bajaj Auto, Tata Steel, and HUL will go ex-dividend later this month whereas others akin to Page Industries, Tata Coffee, Castrol India have introduced dividends and can begin buying and selling ex-dividend this week.
Stocks going ex-dividend this week
– Castrol India has introduced a remaining dividend of Rs 3 per share on face worth Rs 5 . The firm’s shares goes ex-dividend as we speak.
– Page Industries is one other inventory that can go ex-dividend as we speak. The firm has introduced a dividend of Rs 70 per share on face worth Rs 10.
– SM Auto Stamping Bank had earlier introduced a dividend of Rs 1.25 per share. The inventory will go ex-dividend as we speak.
– Tata Group firm Tata Coffee has introduced a dividend of Rs 2 per share, and goes ex-dividend as we speak.
– On Thursday, Tata Investment Corporation shares will go ex-dividend with shareholders getting a dividend of Rs 55 per fairness share of face worth Rs 10 every.
– Torrent Pharmaceuticals has introduced a remaining dividend of Rs 8 and a particular dividend of Rs 15 per share and goes ex-dividend on Friday.
Stocks going ex-dividend later this month
– Tata Consumer Products has declared a remaining dividend of Rs 6.5 per share, giving a yield of 0.85% on the present market worth of Rs 760. The ex-dividend date for the upcoming dividend is 9 June.
– Asian Paints has declared a remaining dividend of Rs 15.5 per share, giving it a yield of 0.53% on the present worth of Rs 2,910. The ex-dividend date is ready for 9 June.
– Tata Steel’s board has introduced a remaining dividend of Rs 51 per share which is a 4.79% yield on the present market worth of Rs 1,064.The inventory goes ex-dividend on 15 June.
– Hindustan Unilever (HUL) has introduced a dividend of Rs 19 per share, translating right into a yield of 0.81% on the present market worth of Rs 2,343. The inventory goes ex-dividend on 15 June.
– Britannia Industries has declared a dividend of Rs 56.5 per share, giving a yield of 1.54% on the present market worth of Rs 3,650. The inventory goes ex-dividend on 20 June.
– Bajaj Finserv has introduced a dividend of Rs 4 per share, giving a not-so-good yield of 0.03% on the present market worth of Rs 12,866. The ex-dividend date of the inventory is 30 June.
– Bajaj Finance has introduced a dividend of Rs 20 per share, translating right into a dividend yield of 0.33% on the present market worth of Rs 6,045. The ex-dividend date of the inventory is 30 June.
– Bajaj Auto has introduced a remaining dividend of Rs 140 per share, delivering a dividend yield of three.7% on the present market worth of Rs 3,744. It can be going ex-dividend on 30 June.
The ex-dividend date is determined to find out the shareholders that can obtain the introduced dividend. On the ex-dividend date, the inventory doesn’t carry the worth related to its subsequent dividend fee. The ex-dividend date is ready a day or two earlier than the document date. Shareholders, to be eligible for dividends, should maintain the shares within the Demat account on the ex-dividend date.
Source: www.financialexpress.com”