Stocks to Watch: 5 Stocks that will trade ex-dividend next week

Dividends represent a portion of a company’s profits distributed to its shareholders as a reward for their investment. These regular payments provide investors with a steady income stream and signal a company’s financial health and stability. Understanding dividend policies and trends is crucial for investors seeking income and long-term wealth accumulation. 

Here are the five stocks that will trade ex-dividend in the coming week:

Avantel Ltd 

Avantel Limited is an India-based company that is primarily engaged in the manufacture of telecom products and provides related customer support services. The Company’s segments include Communications and signal processing products and Health Care Services. 

With a market capitalization of Rs 2,848.69 crore, the shares closed at Rs 117.10 per share, increased around 0.47 percent as compared to the previous closing price. The company has a dividend yield of 0.17 percent. 

The firm issued a Final dividend of Rs 0.20 per equity share, representing a 10% payout over the face value of Rs 2 per share. The dividend’s Record Date is May 23, 2024. 

Great Eastern Shipping Company Ltd. 

The Great Eastern Shipping Company Limited is an India-based private-sector shipping company. The Company provides for transportation of crude oil, petroleum products, gas, and dry bulk commodities. The Company is engaged in the shipping business segment. 

With a market capitalization of Rs 15,064.06 crore, the shares closed at Rs 1,025.00 per share, decreased around 3.31 percent as compared to the previous closing price. The company has a dividend yield of 2.71 percent. 

The firm issued an interim dividend of Rs 10.80 per equity share, representing a 108% payout over the face value of Rs 10 per share. The dividend’s Record Date is May 23, 2024. 

Oberoi Realty Ltd. 

Oberoi Realty Limited is an India-based company, which is engaged in the business of real estate development. The Company develops residential, commercial, retail and social infrastructure projects. The Company operates through two segments: Real Estate and Hospitality. 

With a market capitalization of Rs 63,208.61 crore, the shares closed at Rs 1,738.40 per share, increased around 1.47 percent as compared to the previous closing price. The company has a dividend yield of 0.26 percent. 

The firm issued an interim dividend of Rs 2 per equity share, representing a 20% payout over the face value of Rs 10 per share. The dividend’s Record Date is May 23, 2024. 

State Bank of India 

State Bank of India is an India-based banking and financial services provider. The Company is engaged in providing a wide range of products and services to individuals, commercial enterprises, corporates, public bodies, and institutional customers. 

With a market capitalization of Rs 7.29 lakh crore, the shares closed at Rs 817.00 per share, increased around 0.63 percent as compared to the previous closing price. The company has a dividend yield of 1.36 percent. 

The firm issued a final dividend of Rs 13.7 per equity share, representing a 1,370% payout over the face value of Rs 1 per share. The dividend’s Record Date is May 22, 2024. 

Sula Vineyards Ltd 

Sula Vineyards Limited is engaged in the business of manufacturing, purchasing, and sale of alcoholic beverages, such as wines and spirits. The Company operates under two categories of business: wine business and wine tourism. 

With a market capitalization of Rs 4,266.40 crore, the shares closed at Rs 505.50 per share, increased around 2 percent as compared to the previous closing price. The company has a dividend yield of 1.52 percent. 

The firm issued a final dividend of Rs 4.5 per equity share, representing a 225% payout over the face value of Rs 2 per share. The dividend’s Record Date is May 22, 2024. 

Written by:- Abhishek Singh

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