Dividend Stocks: Coal India, ONGC, Aurobindo Pharma, among others to trade ex-dividend next week; check full list

The ex-dividend date is the day the price of the equity shares is adjusted to reflect the next dividend payment. It is the day the stock becomes ex-dividend, meaning it does not carry the value of its next dividend payment from that day forward. Dividends are payable to all shareholders whose names are on the company’s list by the end of the record date.

Also read: TCS buyback 2023: Should you tender your shares as record date drops next week?

Here are the stocks that have declared a dividend in the coming week:

Here we list details of some of the dividend stocks:

Aurobindo Pharma Ltd: The company declared an interim dividend ₹3. Shares will trade ex-dividend on 20 November.

Cochin Shipyard Ltd: The company declared an interim dividend ₹8. Shares will trade ex-dividend on 20 November.

Mazagon Dock Shipbuilders Ltd: The company declared an interim dividend ₹15.34. Shares will trade ex-dividend on November 20.

Coal India: The company declared an interim dividend ₹15.25. Shares will trade ex-dividend on November 21.

Gillette India: The company announced its final dividend ₹50. Shares will trade ex-dividend on 21 November.

ONGC: The company declared an interim dividend ₹5.75. Shares will trade ex-dividend on November 21.

Sun TV Network: The company declared an interim dividend ₹5. Shares will trade ex-dividend on 21 November.

National Aluminum Co Ltd (NALCO): The company declared an interim dividend ₹1. Shares will trade ex-dividend on November 22.

Oil India: The company declared an interim dividend ₹3.5. Shares will trade ex-dividend on November 22.

Procter & Gamble Health Ltd: The company announced its final dividend ₹50. Shares will trade ex-dividend on 23 November.

Manapuram Finance: The company announced its final dividend ₹0.85. Shares will trade ex-dividend on November 24.

Power Finance Corporation: The company announced its final dividend ₹4.5. Shares will trade ex-dividend on November 24.

FULL LIST:

Stocks trading ex-dividend on Monday, November 20:

Anupam Rasayan India Ltd, Aurobindo Pharma Ltd, Balrampur Chini Mills Ltd, Bella Casa Fashion & Retail Ltd, Cochin Shipyard Ltd, Dolat Algotech Ltd, GMM Pfaudler Ltd, GM Polyplast Ltd, Kaveri Seed Company Ltd, Mazagon Dock Shipbuilders Ltd.

Stocks trading ex-dividend on Tuesday, November 21:

Coal India Ltd, EID-Parry (India) Ltd, EPL Ltd, Gillette India Ltd, Gujarat Pipavav Port Ltd, National Peroxide Ltd, ONGC, RMPC Switchgears Ltd, Senco Gold Ltd, Sun TV Network Ltd, Talbros Engineering Ltd, Tide Water Oil (India) Ltd.

Stocks trading ex-dividend on Wednesday, November 22:

Crisil Ltd, IPCA Laboratories Ltd, NALCO, Oil India Ltd, Pearl Global Industries Limited, TD Power Systems Ltd

Stocks trading ex-dividend on Thursday, November 23:

Amrutanjan Health Care Ltd, Procter & Gamble Health Ltd, Premco Global Ltd.

Stocks trading ex-dividend on Friday, November 24:

BMW Industries Ltd, Career Point Ltd, Ddev Plastiks Industries Ltd, EMS Ltd, ESAB India Ltd, Goldiam International Ltd, GPT Infraprojects Ltd, Indag Rubber Ltd, Manappuram Finance Ltd, Morganite Crucible (India) Ltd, Natco Pharma Ltd, Nicco Parks & Resorts Ltd, Power Finance Corporation Ltd, Riddhi Corporate Services Ltd, Sharat Industries Ltd, Uniparts India Ltd, Xtglobal Infotech Ltd.

Also read: Dividend Yield Stocks: Coal India, ONGC, 8 others among top high dividend paying PSUs; is it yours?

Here are the stocks that have declared a buyback in the coming week:

–ATUL Ltd. is will declare a share buyback on November 20
–Gujarat Narmada Valley Fertilizers & Chemicals Teo will announce the buyback of shares on 24 November
–Tata Consulting Services (TCS) will declare a share buyback on November 24

A buyback is when a company buys back its shares from existing shareholders. A company can announce a buyback offer through a tender offer or through the open market or from random shareholders. The return bid price is usually higher than the market price.

The following are the stocks that have declared a bonus issue in the coming week:

–Olatech solutions Teo announced a bonus issue in the ratio 17:20. Shares will trade ex-bonus on November 20
–Avantel Ltd a bonus issue was declared in the ratio of 2:1. Shares will trade ex-bonus on November 24

A bonus issue is a corporate action which is an offer to existing shareholders of the company to subscribe for additional shares. Instead of increasing the dividend payment, the companies offer to distribute additional shares to the shareholders.

Here are the stocks that have declared a stock split in the coming week:

–Shaily Engineering Plastics Ltd undergo a stock split from ₹10 to ₹2. Shares will trade ex-split on November 23.

–Ravalgaon Sugar Farm Ltd undergo a stock split from ₹50 to ₹10. Shares will trade ex-split on November 24.

A stock split is a corporate action and occurs when a company increases the number of its shares to increase liquidity. The company issues additional shares to shareholders, increasing the total by the specified ratio based on the shares they previously held.

The most common split ratios are 2-for-1 or 3-for-1 (sometimes stated as 2:1 or 3:1). This means that for every share held before the split, each stockholder will have two or three shares, respectively, after the split.

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Updated: 18 November 2023, 06:39 PM IST