Investing in the stock market can be one of the best ways to create wealth in the long term. This can primarily be done through capital appreciation. However, another popular way to make money from the stock market is through dividends.
Dividends are a part of the company’s profits that are paid to the shareholders. When companies make enough revenue to cover their operating costs and projects, they may choose to distribute excess funds to shareholders in the form of dividends.
These dividends are paid to those shareholders whose names appear in the register of members as on the record date. The ex-date is the date on which a stock starts trading without the benefit of the corporate action (dividend).
These days, the ex-date and the record date for all the corporate actions, including dividends are on the same day since all the instruments have been moved to the T+1 settlement cycle.
Here are a few stocks that will be trading ex-dividend next week:
Seshasayee Paper & Boards Ltd
Seshasayee Paper & Boards manufactures and sells printing and writing paper. The company’s shares closed at ₹ 281.95 apiece on Friday, with a market capitalization of ₹ 1,759 crores.
It declared a dividend of ₹ 6.00 per share. The company’s shares will be trading ex-dividend on June 06, 2023. Uniparts India has a dividend yield of 4.21%.
Uniparts India Ltd
Uniparts India manufactures engineered systems and solutions. It is one of the leading suppliers of systems and components for the off-highway market in agriculture and construction, forestry and mining (“CFM”), and aftermarket sectors. The company’s shares closed at ₹ 566.75 apiece on Friday, with a market capitalization of ₹ 335 crores.
It declared an interim dividend of ₹ 6.00 per share. The company’s shares will be trading ex-dividend on June 07, 2023. Seshasayee Paper has a dividend yield of 4.21%.
HDFC Asset Management Company Ltd (HDFC AMC)
HDFC AMC provides fund management services. The company’s shares closed at ₹ 1,965.00 apiece on Friday, with a market capitalization of ₹ 41,621 crores.
It recently declared a dividend of ₹ 48.00 per share and its shares will be trading ex-dividend on June 09, 2023. HDFC AMC has a dividend yield of 2.46%.
Asian Paints Ltd
Asian Paints manufactures varnishes, paints, enamels and allied products. The company’s shares closed at ₹ 3232.00 apiece on Friday, and with a market capitalization of ₹ 3,10,848 crores.
It declared a final dividend of ₹ 21.25 per share and its shares will be trading ex-dividend on June 09, 2023. Asian Paints has a dividend yield of 0.79%.
Bhansali Engineering Polymers Ltd
Bhansali Engineering manufactures and sells a variety of resins and their alloys with plastics. The company’s shares closed at ₹ 158.00 apiece on Friday, with a market capitalization of ₹ 2,616 crores.
It recently declared a final dividend of ₹ 1.00 per share and a special dividend of ₹ 14.00 per share. The company’s shares will be trading ex-dividend on June 09, 2023. Bhansali Engineering has a dividend yield of 1.90%.
Ponni Sugars (Erode) Ltd
Ponni Sugars operates in two segments: sugar and cogeneration of power. The company’s shares closed at ₹ 392.50 apiece on Friday, with a market capitalization of ₹ 335 crores.
It declared a final dividend of ₹ 6.50 per share. The company’s shares will be trading ex-dividend on June 09, 2023. Ponni Sugars has a dividend yield of 1.67%.
Apart from the above shares, a few other shares that will be trading ex-dividend next week are Voltas, Cigniti Technologies, Caplin Point Laboratories, Elecon Engineering Company, Cigniti Technologies, Tata Power, NELCO, Shyam Metalics, and National Fertilizers among others.
Written By Simran Bafna
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
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