Indian Railway Catering and Tourism Corporation, Oil and Natural Gas Corporation Ltd, MRF Ltd, NMDC Ltd are among the stocks which will trade ex-dividend this week in respect of interim dividend declared by the companies.
When a company pays an ex-dividend on a particular date, its stock is not worth the next dividend payment.
An ex-dividend date is usually set a day or two before the record date. An ex-dividend date also determines which shareholders are eligible to receive dividend payments.
Here's a list of dividend-paying stocks that will trade ex-dividend this week:
1) MRF: The tire maker has declared an interim dividend of ₹3 per share and the stock will trade ex-dividend on February 21. The company has also fixed February 21 as the record date for payment of dividend.
In the last 12 months, MRF has declared an equity dividend of ₹147 per share. At the current share price, this results in a dividend yield of 0.17%.
2) IRCTC: The railway company has declared an interim dividend of ₹3.50 per share, which is 175% of the paid-up share capital of ₹160 crore. The Company has fixed February 22, 2023 as the record date for the purpose of payment of the said dividend for the financial year 2022-23.
In the last 12 months, IRCTC has declared an equity dividend of ₹1.50 per share. At the current share price, this results in a dividend yield of 0.23%.
3) ONGC: The oil and gas major has declared a second interim dividend of ₹4 per equity share to its shareholders for the financial year 2022-23. The company has fixed February 24 as the record date and the stock will trade ex-dividend on Friday.
In the last 12 months, ONGC has declared an equity dividend of ₹11.75 per share. At the current share price, this results in a dividend yield of 7.50%.
4) NMDC: The board of NMDC has declared an interim dividend of ₹3.75 per share. The shares will trade ex-dividend on February 24 and the record date for the same is Friday. NMDC has declared 42 dividends since August 28, 2002.
5) Power Finance Corporation: The company has declared a dividend of ₹3.5 per share with a record date of February 24, 2023. The dividend payment date is March 14.
In the last 12 months, Power Finance Corporation Limited has declared an equity dividend of ₹12.50 per share. At the current share price, this results in a dividend yield of 8.42%.
No comments:
Post a Comment