The dividend is the amount of money that a company pays to its shareholders as dividends on a per-share basis. On the other side, the dividend yield indicates how much a company pays in dividends each year based on its stock price.
Whether you’re a seasoned investor or a beginner, understanding these opportunities can be key to building a stable and rewarding investment portfolio.
Following are six stocks that will be trading ex-dividend next week.
Tanla Platforms Limited
Formerly known as Tanla Solutions Limited, Tanla Platforms Ltd. is a leading cloud communications provider and was incorporated in 1995. The company develops and delivers advanced technology and products.
The company has declared an Interim dividend of Rs. 6 per share equating to a 600 percent payout as compared to the face value of Rs. 1. The ex-dividend date has been fixed as 5th February 2024.
The company has a dividend yield of 0.98 percent. On Friday, the company’s shares closed at Rs. 1,010.00, down by 0.63 percent, with a market capitalisation of Rs. 13,546 crores.
Coforge Limited
Coforge Ltd., a global digital services and solutions provider, has declared an Interim dividend of Rs. 19 per share equating to a 190 percent payout as compared to the face value of Rs. 10. The ex-dividend date has been fixed as 5th February 2024.
The company has a dividend yield of 1.04 percent. On Friday, the company’s shares moved up by 4.61 percent on NSE and closed at Rs. 6,454.20, with a market capitalisation of Rs. 39,864.76 crore. Recently on January 15, the stock hit a new 52-week high at Rs. 6,789.
Mahanagar Gas Limited
Incorporated in 1995, Mahanagar Gas Limited, (MGL) is one of India’s leading Natural Gas Distribution company and GAIL (India) Limited is its promoter.
The company has declared an Interim dividend of Rs. 12 per share equating to a 120 percent payout as compared to the face value of Rs. 10. The ex-dividend date has been fixed as 5th February 2024.
The company has a dividend yield of 1.09 percent. With a market capitalisation of Rs. 14,607 crore, the stock closed at Rs. 1,481.55 on Friday and hit a new 52-week high at Rs. 1,514.65 on February 1st.
GAIL (India) Limited
A Maharatna Central Public Sector Enterprise and leading natural gas company of India, GAIL (India) have diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG re-gasification, petrochemicals, city gas, E&P, among others.
GAIL (India) has declared an Interim dividend of Rs. 5.5 per share equating to a 55 percent payout as compared to the face value of Rs. 10. The ex-dividend date has been fixed as 6th February 2024.
The company has a dividend yield of 2.88 percent. With a market capitalisation of Rs. 1,17,005 crore, the company’s shares closed at Rs. 178.50, up by 2.76 percent and hit a new 52-week high at Rs. 180 on Friday.
Shriram Finance Limited
Shriram Finance Ltd. is India’s one of the biggest retail NBFC and offers credit solutions for commercial vehicles,car loans, home loans, two-wheeler loans, gold loans, personal and small business loans.
The company has declared an Interim dividend of Rs. 10 per share equating to a 100 percent payout as compared to the face value of Rs. 10. The ex-dividend date has been fixed as 6th February 2024.
The company has a dividend yield of 1.46 percent. On Friday, the company’s shares moved up by 0.36 percent and closed at Rs. 2,404.45, with a market capitalisation of Rs. 1,190 crore.
NTPC Limited
Established in 19774, NTPC is India’s largest power utility and is committed to generating reliable power at competitive prices in a sustainable manner.
The company has declared an Interim dividend of Rs. 2.25 per share equating to a 22.5 percent payout as compared to the face value of Rs. 10. The ex-dividend date has been fixed as 6th February 2024.
The company has a dividend yield of 2.25 percent. On Friday, the company’s shares increased by 3.28 percent, hitting a new all-time high of Rs. 333.7 and closed at Rs. 332.55 with a market capitalisation of Rs. 3,22,665 crore.
Written by Shivani Singh
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Omprakash Tiwary is a business writer who delves into the intricacies of the corporate world. With a focus on finance and economic landscape. He offers readers valuable insights into market trends, entrepreneurship, and economic developments.