Stocks that will turn ex-dividend from May 15-20; HDFC Bank, Colgate, Tata Consumer, others: Check list here

Dividend is a part of net profit a company distributes among its shareholders as a reward. Ex-dividend date is the date when the stock price gets adjusted for this dividend payout. The companies announce a record date in order to identify the eligible shareholders for dividend payouts. 

The stocks that will turn ex-dividend in the upcoming week include Anupam Rasayan India, Sula Vineyards, Tata Coffee, GM Breweries, HDFC, HDFC Bank, Sundaram Fasteners, Foseco India, Man Infraconstruction, Advance Enzyme Technologies, Alicon Castalloy, Colgate-Palmolive (India), Home First Finance Company India, JM Financial, Rain Industries and Tata Consumer Products.

Here are the 16 stocks that will turn ex-dividend in the trading week from May 15 to May 19:

Anupam Rasayan India: The specialty chemicals manufacturing company will turn ex-dividend on May 15. The company has announced a dividend of ₹1.5 per equity share. Anupam Rasayan shares gained over 3% in the week gone by and are up more than 71% YTD.

Sula Vineyards: India’s largest wine producer, Sula Vineyards has declared a dividend of ₹5.25 per equity share and the stock will turn ex-dividend on May 15. The shares of Sula Vineyards made their stock market debut on December 22, 2022 at ₹361, a premium of 1.14% over its issue price of ₹357 apiece. The stock is up more than 22% since then.

Also Read: Tata Motors Q4: Auto major announces dividend of ₹2 per share: check details

Tata Coffee: Tata Coffee, one of India’s largest integrated coffee producers, has recommended a final dividend of ₹3 per equity share of face value of Re 1 for the year ended March 31, 2023. The stock will turn ex-dividend on May 15. 

The company posted a total income of ₹2,879.56 crore for the financial year ended March 31, 2023, as against ₹2,389.23 crore reported during the previous year. 

GM Breweries: The country liquor manufacturer has declared a dividend of ₹6 per equity share with a face value of ₹10. The stock will trade ex-dividend on May 16. The shares of GM Breweries have risen over 7% in the last one year period.

Also Read: IndiGo Q4 results: Airline to declare March quarter earnings on May 18

HDFC: The country’s largest mortgage lender, Housing Development Finance Corporation (HDFC) has announced an interim dividend of ₹44 per share and the stock will trade ex-dividend on May 16. 

HDFC Ltd posted a standalone net profit of ₹4,425.50 crore for the quarter ended March, up nearly 20% from ₹3,700.32 crore, YoY. HDFC share price has jumped nearly 30% in the last one year.

HDFC Bank: The private sector lender announced a dividend of ₹19 per equity share with a face value of ₹1. HDFC Bank shares will trade ex-dividend on May 16. 

HDFC Bank posted a net profit of ₹12,047.5 crore in Q4FY23, an increase of 19.8% YoY. HDFC Bank shares have risen 28% in one year.

Sundaram Fasteners: The board of directors of Sundram Fasteners have declared an interim dividend of ₹3.06 per share with a face value of ₹1. Shares of Sundram Fasteners, the auto component maker, will trade ex-dividend on May 16.

Also Read: Bank of Maharashtra revises record date for dividend: Check new date here

Foseco India: Chemical manufacturer Foseco India has announced a final dividend of ₹25 per equity share. The stock turns ex-dividend on May 17 and the record date is also May 17.

Man Infraconstruction: The shares of Man Infraconstruction will trade ex-dividend on May 19. The company has announced an interim dividend of ₹0.36 per equity share.

Advance Enzyme Technologies: The board of directors of the company declared an interim dividend at 200% i.e. ₹4 per equity share on the face value of ₹2 each. The ex-dividend date is May 20.

Colgate-Palmolive (India): FMCG major Colgate-Palmolive (India) has declared a second interim dividend for FY23 of ₹21 per share of face value of Re 1 each. The dividend payout to the shareholders will be ₹571.17 crore and will be paid on or after June 8, 2023 to those shareholders whose names are on the Register of Members of the Company as on May 20, 2023, the company said. The share trades ex-dividend on May 19.

Home First Finance Company India: The housing finance company declared a dividend of ₹2.60 per equity share with a face value of ₹2. The shares of the company will trade ex-dividend on May 19.

Also Read: DMart Q4 results: Net profit up 8.3% to ₹505.21 cr, revenue up 21%

JM Financial: The shares of JM Financial will trade ex-dividend on May 19. The financial services company has declared a dividend of ₹0.90 per share.

Rain Industries: Rain Industries shares will trade ex-dividend on May 19. The company has announced an interim dividend of Re 1 per equity share with a face value of ₹2 each.

Tata Consumer Products: The company has declared a dividend of ₹8.45 per equity share of Re 1 face value each. The stock will trade ex-dividend on May 19. Shares of Tata Consumer Products, the FMCG company of the Tata Group, have given 7% returns in the last one year.