The second-quarter earnings are coming in thick and fast. Investor attention is no doubt on the key stocks that are set to trade ex-dividend. Big names such as Coal India, Shriram Finance, NTPC, Dabur India, HPCL, BPCL, and many more will trade ex-dividend this week.
Apart from that, there is host of other corporate actions like bonus issues, stock splits, share buybacks to watch out for this week.
Dividend and corporate actions on November 3
The stocks that are set to trade ex-dividend on November 3 include Colgate-Palmolive, DCM Shriram, Oracle Financial Services Software, and Shree Cement.
BEML will go ex-trade ahead of a Stock Split. The company will be splitting the stock’s face value from Rs 10 a share to Rs 5 a share, as per the data on BSE.
Dividend and corporate actions on November 4
November 04: Coal India, Happiest Minds Technologies, Mazagon Dock Shipbuilders, and RailTel Corporation of India will be declaring an interim dividend for Q2.
Coal India – interim dividend – Rs 10.25
Happiest Minds Technologies – interim dividend – Rs 2.75
Mazagon Dock Shipbuilders – interim dividend – Rs 6
RailTel Corporation of India – interim dividend – Rs 1
Other than these companies, Parshava Enterprises will trade ex-date as it will be spinning off its business. The record date for the same is November 05.
Dividend and corporate actions on November 6
Hindustan Petroleum Corporation will trade ex-dividend on November 6. It has announced an interim dividend of Rs 5. Nippon Life India Asset Management will trade ex-dividend. The company announced an interim dividend of Rs 9.
Share India Securities will also trade ex-dividend as it is paying an interim dividend of Rs 0.40.
Dividend and corporate actions on November 7
Hindustan Unilever will trade ex-dividend on November 07. The stock will be paying out an interim dividend of Rs 19. BPCL will also trade ex-date for an interim dividend of Rs 19, Dabur India for an interim dividend of Rs 2.75, and Godrej Consumer Products for an interim dividend of Rs 5.
Similarly, NTPC will trade ex-date as well. It has announced an interim dividend of Rs 2.75 to its shareholders.
What is an ex-dividend stock?
The date on which the equity share price adjusts to reflect the upcoming dividend payment is referred to as the ex-dividend date. When a stock goes ex-dividend, it indicates that the stock no longer reflects the value of its forthcoming dividend payment starting from that date.
Dividends are distributed to all shareholders whose names are listed by the end of the record date.