Get Ready for Dividend Payouts: These 16 Stocks are Going Ex Dividend Next Week
Between May 15 and May 19, a total of 16 stocks are poised to go ex-dividend, and investors aiming to capitalize on dividend payouts should mark these significant dates. The ex-dividend date is when the stock price is adjusted to account for the dividend distribution, and companies declare a record date to determine eligible shareholders for the payouts. The stocks that will go ex-dividend include HDFC Bank, HDFC, Colgate-Palmolive (India), Rain Industries, JM Financial, Home First Finance Company India, Tata
Consumer Products, Sundaram Fasteners, Foseco India, GM Breweries, Tata Coffee, Alicon Castalloy, Sula Vineyards, Man Infraconstruction, Advance Enzyme Technologies, and Anupam Rasayan India.
Anupam Rasayan India, a specialty chemicals manufacturing company, will turn ex-dividend on May 15, with the company announcing a dividend of ₹1.5 per equity share. Sula Vineyards, India’s largest wine producer, has declared a dividend of ₹5.25 per equity share and will turn ex-dividend on May 15. Tata Coffee, a prominent coffee producer in India, has suggested a
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dividend of ₹3 per stock share with a nominal value of Re 1 for the fiscal year concluding on March 31, 2023. The ex-dividend date is set for May 15. GM Breweries, the country liquor manufacturer, has declared a dividend of ₹6 per equity share with a face value of ₹10 and will turn ex-dividend on May 16. HDFC, the country's largest mortgage lender, has announced an interim dividend of ₹44 per share and will turn ex-dividend on May 16,
while HDFC Bank has announced a dividend of ₹19 per equity share with a face value of ₹1 and will also turn ex-dividend on May 16.
The remaining stocks that will turn ex-dividend between May 15 and May 19 include Sundaram Fasteners, Foseco India, Man Infraconstruction, Advance Enzyme Technologies, Alicon Castalloy, Colgate-Palmolive (India), Home First Finance Company India, JM Financial, Tata Consumer Products, and Rain Industries. Investors who are looking to benefit from dividend payouts must keep track of these ex-dividend dates.