Market radar to watch: 10 stocks to trade ex-dividend next week

Planning

oi-Vipul Das

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Dividends are usually a portion of a company’s profits that are paid out to shareholders, either as an interim or final dividend and to get the value of the dividend you need to buy the stock on or before the record date. Dividend stocks are less volatile in bear markets, and investors trying to build wealth continue to benefit from investing in dividend stocks with a stellar record of high dividend yields. In the financial industry, the ex-dividend date is one business day before the record date on which the stock trades minus the value of the upcoming dividend declared by a particular company. So, to present a clear outlook for dividend-paying stocks set to trade next week, we’ve picked out 10 stocks below set to trade ex-dividend next week and investors should keep in mind that they don’t will not get the value of the dividend if they buy any stock on or after the ex-dividend date.

Market radar to watch: 10 stocks to trade ex-dividend next week

1.Laurus Labs Limited

In an exchange filing, the company said that “the board of directors of the company, at its meeting on April 28, 2022, approved the payment of the 02nd interim dividend of Rs. 1.20/- (60 %) per share of Rs. May 11, 2022″ as the “record date” to determine the eligibility of Shareholders. The amount of the Dividend will be paid from May 18, 2022.”

The stock will trade ex-dividend on May 10, 2022, as the record date was set for May 11, 2022. The stock closed Friday’s trading session at a market price of Rs 567.45, down from -8.70 (-1.51%) from its previous close of Rs 576.15.

2. Thyrocare Technologies Ltd.

The company informed the BSE saying that “the board declared an interim dividend of Rs. 15/- per share with a par value of Rs. 10 each for the financial year ended 31 March 2022 at its meeting held on April 29, 2022. The record date for the purposes of determining the right to payment of the interim dividend is set at May 12, 2022.”

The stock will trade ex-dividend on May 11, 2022, and it closed at a market price of Rs 765.05 on Friday, down -10.95 (-1.41%) from its previous close of Rs 776.

3. Aptech Ltd.

In an exchange filing, the company said that “pursuant to Regulations 30 and 33 of the SEBI (Registration and Disclosure Requirements) Regulations, 2015, this is to inform you that the board of directors of the company has , at its meeting held today i.e. 04 May 2022, among others considered and approved the declaration of interim dividend at 50% i.e. Rs. 5 per share with a nominal value of Rs. 10 each for the financial year 2021-22 The record date set for the interim dividend is 12 May 2022. All ECS/NECS accounts of Shareholders who have provided their bank details will be credited electronically and Dividend Warrants to Shareholders who have not provided/updated their bank details will be dispatched via the appropriate method.”

Since the record date is May 12, 2022, the stock will trade ex-dividend on May 11, 2022. On Friday, the stock closed at a market price of Rs 321.20, down -7 .85 (-2.39%) from its previous close of Rs 329.05.

4. HDFC Bank

On April 23, 2022, HDFC Bank stated in an exchange filing that “in accordance with Regulations 30, 42 and other applicable provisions of the SEBI (Registration and Disclosure Requirements) Regulations, 2015, as amended from time to other (“the Settlement”), we are pleased to inform you that the Board of Directors, at its meeting held today, recommended a dividend of Rs. 15.50 per share of Re. 1/- each fully paid (i.e. 1550%) on net profits for the year ended March 31, 2022, subject to shareholder approval at the Bank’s Annual General Meeting (“AGM”) who will follow.”

“The record date for determining the eligibility of members entitled to receive a dividend on equity shares is Friday, May 13, 2022. The dividend, if approved by the shareholders of the Bank, will be paid after the ‘AGM to shareholders whose names appear on the Bank’s register of members / register of beneficial owners maintained by the depositories, namely National Securities Depository Limited and Central Depository Services (India) Limited at the close of business hours on Friday 13th May 2022,” the bank said in BSE Exchange Repository.

The stock will trade ex-dividend on May 12, 2022, as the record date is May 13. The stock fell -31.90 (-2.36%) from its previous close of Rs 1352.95 to settle at Rs 1321.05 on Friday.

5.Indian Card Clothing Ltd

The company’s board of directors has announced a special interim dividend of Rs. 25 per share of Rs. 10 in respect of the financial year 2021-22 on May 3, 2022. dividend for fiscal year 2021-22 has been set for May 13, 2022 and the share will go ex-dividend on May 12, 2022.

The stock closed at Rs 304 on Friday, down -8.55 (-2.74%) from its previous close of Rs 312.55.

6. Procter & Gamble Health Ltd

The company told BSE on May 5, 2022 that “We are pleased to inform you that the board of directors of the company, at its meeting held today, notably recommended an interim dividend for the financial year 2021- 22 of Rs. 41 per equity share (par value Rs. 10/- each) The dividend will be paid no later than 31 May 2022. As previously disclosed in our letter dated 28 April 2022, the record date for the purposes eligibility for payment of said Interim Dividend will be May 13, 2022.”

The stock will become ex-dividend on May 12, 2022, as the record date was set for May 13, 2022. On Friday, the stock closed at Rs 4,364.45 in the market, down -92.90 (- 2.08%) from its previous close of Rs 4,457.35.

7. Coastal Trawlers Ltd

The company informed BSE on May 2, 2022 that “in accordance with Regulation 30 of the SEBI (Registration and Disclosure Requirements) Regulations, 2015, we submit that the Board of Directors, at its meeting of May 2, 2022, has declared the interim dividend of Rs. 2/- per share of Rs. payment of Interim Dividend.”

The stock ended the day at a market price of Rs 360 on Friday, down -16.25 (-4.32%) from its previous close of Rs 376.25. Investors should be aware that the stock will trade ex-dividend on May 12, 2022.

8.INDUS TOWERS Ltd

The Board of Directors of Indus Towers Ltd announced an interim dividend of Rs. 11/- per share of Rs. 10/- each for the financial year 2021-2022 at their meeting on May 5, 2022. The record date has been set for Tuesday, May 17, 2022 and the stock will trade ex-dividend on May 13, 2022.

On Friday, the stock closed at Rs 198.90, down -3.20 (-1.58%) from its previous close of Rs 202.10.

9. Aarnav Fashions Ltd

The Board of Directors, at its meeting on May 5, 2022, authorized the payment of an interim dividend of 5%, Rs. 0.50 per share of Rs. 10/- each for the financial year 2021-2022 , with May 17, 2022 as the record date. The stock will become ex-dividend on May 13, 2022 and it closed at Rs 52.65 on Friday, down -2.10 (-3.84%) from its previous level of Rs 54.75.

10.Oracle Financial Services Software Ltd

The company said in an exchange filing that “We are pleased to inform you that the Board of Directors of the Company, at its meeting on May 4, 2022, declared an interim dividend of ₹190 per share of a par value of ₹5/- each for the financial year 2021-22.Said dividend shall be payable to shareholders whose names appear on the register of members of the company and as beneficial owners in the depositories at the close of business hours Tuesday, May 17, 2022 (“Record Date”).”

Since the record date is May 17, the stock will trade ex-dividend on May 13, 2022. The stock closed at Rs 3517.10 on Friday, up 27.90 (0.80%) compared to its previous close of Rs 3489.20.

Article first published: Saturday, May 7, 2022, 6:48 p.m. [IST]

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