Stocks to turn ex-dividend in trading week from May 29 to June 2: check list
The coming week is very busy when it comes to dividend stocks. In the trading week from May 29th to June 2nd, major stocks in banking, IT, FMCG, and metal baskets will be turning ex-dividend. Some of the biggies are ITC, Vedanta, SBI, Infosys, IndusInd Bank, and JSW Energy among others. Accordingly, the stocks will be in focus. Dividends are a form of incentive that is distributed by a listed company from their profits to shareholders.
Some of them will turn to ex-dividend for their final dividend payment for fiscal year FY23, while some will ex-dividend for their first interim dividend for FY24.
The ex-dividend date is the price of the equity shares of a company that gets adjusted for the dividend payout.
It needs to be noted that the ex-dividend date is different from the payment date. The ex-dividend date usually is on the same day as the record date, and on this day, listed companies identify the eligible shareholders who will receive the dividend benefits. Meanwhile, the dividend is paid later on. The payment of dividends is usually completed within 30 days of its approval.
Here is the list of stocks with their dividend payout details for which they will turn ex-dividend in the trading week between May 29th to June 2nd.
May 29th:
– Anand Rathi Wealth (for final dividend of ₹7 per share for FY23).
– IRB Infrastructure Developers (for an interim dividend of ₹0.0750 per share).
– MM Forgings: (for ₹6 per share interim dividend)
May 30th:
– FMCG player ITC is set to a final dividend of ₹6.75 per share and a special dividend of ₹2.75 per share.
– Rallis India will be paying a dividend of ₹2.5 per share.
– Vedanta, which pays the highest dividend yield in the large-cap basket, is set to pay a dividend of ₹18.50 per share.
May 31st:
– Advani Hotels & Resorts to pay a dividend of ₹1.4 per share.
– D B Corp will pay a dividend of ₹3 per share.
– And finally, the largest public sector lender, State Bank of India (SBI) will turn ex-dividend for a dividend of ₹11.30 per share.
June 1st:
– Aptech to pay a dividend of ₹6 per share.
– Shree Cement is set to pay a whopping ₹55 dividend on its share price.
– Standard Industries will be paying a dividend of ₹0.80 per share.
– Trident, a fabrics manufacturer, has announced a dividend of ₹0.36 per share.
June 2nd:
– Havells India will turn ex-dividend for its ₹4.5 per share dividend.
– IndusInd Bank will pay a ₹14 per share dividend.
– Infosys has announced a final dividend of ₹17.50 per share for FY23.
– JSW Energy to turn ex-dividend for ₹2 per share dividend.
– Mahindra CIE Automotive is scheduled to pay a ₹2.5 per share dividend ahead for which it will turn ex-dividend on this day.
– Steelcast to pay a dividend of ₹3.15 per share.
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Updated: 27 May 2023, 08:18 PM IST
