Dividend Stocks : Several companies, including MOIL Ltd, Hindustan Zinc, Oil India, and Jindal Stainless, will begin trading ex-dividend starting Monday, August 19, 2024. This means that shareholders who own these stocks as of the record date will be eligible to receive the upcoming dividend payments. Alongside these dividend declarations, some companies have announced other corporate actions like share buybacks, bonus issues, and stock splits.
Table of Contents
Understanding the Ex-Dividend Date:
The ex-dividend date is crucial as it marks the day when a stock starts trading without the value of its next dividend payment. On this day, the share price typically adjusts to reflect the upcoming dividend. To receive the dividend, investors must own the stock before the ex-dividend date. Shareholders listed by the end of the record date will receive the dividend.
Stocks Trading Ex-Dividend This Week:
-
Monday, August 26, 2024:
- Dhruv Consultancy Services Ltd
- Manappuram Finance Ltd
- Welcast Steels Ltd
-
Tuesday, August 27, 2024:
- Amarjothi Spinning Mills Ltd
- Jai Corp Ltd
- KDDL Ltd
- KSE Ltd
- Manorama Industries Ltd
- Panchsheel Organics Ltd
- United Drilling Tools Ltd
- Windsor Machines Ltd
-
Wednesday, August 28, 2024:
- Asahi India Glass Ltd
- Bajaj Steel Industries Ltd
- DMCC Speciality Chemicals Ltd
- Force Motors Ltd
- Hazoor Multi Projects Ltd
- Hindustan Zinc Ltd
- International Combustion (India) Ltd
- Sigachi Industries Ltd
- Yuken India Ltd
-
Thursday, August 29, 2024:
- AMJ Land Holdings Ltd
- Clean Science and Technology Ltd
- Honda India Power Products Ltd
- I G Petrochemicals Ltd
- Jamna Auto Industries Ltd
- Multibase India Ltd
- Pudumjee Paper Products Ltd
- Radiant Cash Management Services Ltd
-
Friday, August 30, 2024:
- Birla Precision Technologies Ltd
- Career Point Ltd
- Dai-Uchi Karkaria Ltd
- Ganesh Housing Corporation Ltd
- India Tourism Development Corporation Ltd
- Jasch Gauging Technologies Ltd
- Jindal Stainless Ltd
- JTL Industries Ltd
- Kajaria Ceramics Ltd
- Kama Holdings Ltd
- MOIL Ltd
- National Fittings Ltd
- Nava Ltd
- NCC Ltd
- Oil India Ltd
- Power Finance Corporation Ltd
- POCL Enterprises Ltd
- Prevest Denpro Ltd
- Quick Heal Technologies Ltd
- Salzer Electronics Ltd
- Sarda Energy & Minerals Ltd
- Shyam Metalics and Energy Ltd
- Shankar Lal Rampal Dye-Chem Ltd
- Suyog Telematics Ltd
- TVS Srichakra Ltd
- Uflex Ltd
- Vijaya Diagnostic Centre Ltd
- Swastik Safe Deposit & Investments Ltd
-
Monday, August 26, 2024:
- VLS Finance Ltd
-
Tuesday, August 27, 2024:
- KDDL Ltd
- Suprajit Engineering Ltd
- Technocraft Industries (India) Ltd
-
Friday, August 30, 2024:
- Indian Toners & Developers Ltd
- Weizmann Ltd
Share buybacks allow companies to repurchase their shares from existing shareholders, usually at a price higher than the market value. Buybacks can be done through tender offers, open market purchases, or odd-lot offers.
Other Corporate Actions:
- Elitecon International Ltd: Extraordinary General Meeting (E.G.M.) on August 26, 2024.
- Modern Engineering and Projects Ltd: Rights Issue of Equity Shares on August 26, 2024.
- Aditya Vision Ltd: Stock Split from ₹10 to ₹1 on August 27, 2024.
- Shekhawati Industries Ltd: Consolidation of Shares on August 28, 2024.
- Vardhman Polytex Ltd: Rights Issue of Equity Shares on August 28, 2024.
These corporate actions can significantly impact stock prices and shareholder value, so investors should stay informed and make decisions accordingly.
What does it mean when a stock is trading ex-dividend?
When a stock is trading ex-dividend, it means that the stock has begun trading without the value of its next dividend payment. Investors who purchase the stock on or after the ex-dividend date will not receive the upcoming dividend.
How can I know if I’m eligible for the dividend payout?
To be eligible for the dividend payout, you must own the stock before the ex-dividend date. The dividend will be paid to shareholders whose names appear on the company’s records as of the end of the record date.
Which companies are trading ex-dividend this week?
For the week starting August 19, 2024, companies trading ex-dividend include Dhruv Consultancy Services Ltd, Manappuram Finance Ltd, Welcast Steels Ltd, and many others across various dates. Specific dates and companies are listed in the update.
What is a share buyback and which companies are declaring buybacks this week?
A share buyback is when a company repurchases its shares from the market, often at a premium to the current market price. This can be done through tender offers, open market purchases, or odd-lot offers. Companies declaring buybacks this week include VLS Finance Ltd, KDDL Ltd, Suprajit Engineering Ltd, and Technocraft Industries (India) Ltd.
What other corporate actions are scheduled for this week?
Other corporate actions scheduled include an Extraordinary General Meeting (E.G.M.) by Elitecon International Ltd, a Rights Issue of Equity Shares by Modern Engineering and Projects Ltd and Vardhman Polytex Ltd, and a Stock Split by Aditya Vision Ltd.