Dividend Announcement: 16 Stocks Set to Turn Ex-Dividend in the Upcoming Week

Dividend announcement: In the world of investing, dividends play a crucial role in rewarding shareholders. Companies distribute a portion of their net profits to their shareholders as dividends. An important date in this process is the ex-dividend date, which marks the day when a stock’s price is adjusted to account for the upcoming dividend payout. To determine the eligible shareholders, companies announce a record date.

In the upcoming week, investors can expect several stocks to turn ex-dividend, including Anupam Rasayan India, Sula Vineyards, Tata Coffee, GM Breweries, HDFC, HDFC Bank, Sundaram Fasteners, Foseco India, Man Infraconstruction, Advance Enzyme Technologies, Alicon Castalloy, Colgate-Palmolive (India), Home First Finance Company India, JM Financial, Rain Industries, and Tata Consumer Products.

Anupam Rasayan India

On May 15, specialty chemicals manufacturing company Anupam Rasayan India will turn ex-dividend. The company has declared a dividend of ₹1.5 per equity share. In the previous week, Anupam Rasayan shares witnessed a gain of over 3%, accumulating a year-to-date increase of more than 71%.

Sula Vineyards

Sula Vineyards, India’s largest wine producer, will turn ex-dividend on May 15. The company has declared a dividend of ₹5.25 per equity share. Sula Vineyards made its stock market debut on December 22, 2022, at ₹361 per share, representing a premium of 1.14% over the issue price of ₹357 apiece. Since then, the stock has witnessed a growth of over 22%.

Tata Coffee

Tata Coffee, one of India’s largest integrated coffee producers, recommended a final dividend of ₹3 per equity share with a face value of Re 1 for the fiscal year ended March 31, 2023. The stock will turn ex-dividend on May 15. During the same period, the company reported a total income of ₹2,879.56 crore, an increase compared to the previous year’s ₹2,389.23 crore.

GM Breweries

On May 16, country liquor manufacturer GM Breweries will trade ex-dividend. The company has declared a dividend of ₹6 per equity share, which holds a face value of ₹10. Over the past year, GM Breweries’ shares have risen by over 7%.

HDFC

Housing Development Finance Corporation (HDFC), the country’s largest mortgage lender, announced an interim dividend of ₹44 per share. The stock will trade ex-dividend on May 16. In the quarter ended March, HDFC reported a standalone net profit of ₹4,425.50 crore, reflecting a nearly 20% YoY increase. HDFC shares have shown an impressive growth of almost 30% over the past year.

HDFC Bank

HDFC Bank, a leading private sector lender, has declared a dividend of ₹19 per equity share with a face value of ₹1. The stock will trade ex-dividend on May 16. In Q4FY23, HDFC Bank posted a net profit of ₹12,047.5 crore, indicating a significant YoY growth of 19.8%. The bank’s shares have risen by 28% in the past year.

Sundaram Fasteners

Sundaram Fasteners, a prominent auto component maker, has declared an interim dividend of ₹3.06 per share with a face value of ₹1. The stock is scheduled to trade ex-dividend on May 16. With this announcement, shareholders can anticipate a rewarding return on their investment.

Foseco India

Chemical manufacturer Foseco India has revealed its plan to distribute a final dividend of ₹25 per equity share. Investors should mark May 17 as the ex-dividend date, coinciding with the record date. This move by Foseco India aims to provide value to its shareholders, reflecting the company’s commitment to rewarding long-term investors.

Man Infraconstruction

On May 19, Man Infraconstruction is set to trade ex-dividend. The company has declared an interim dividend of ₹0.36 per equity share. Shareholders will be entitled to this dividend, highlighting the company’s dedication to providing returns to its investors.

Advance Enzyme Technologies

The board of directors of Advance Enzyme Technologies has announced an interim dividend of ₹4 per equity share, representing 200% on the face value of ₹2 per share. This dividend payout is a reflection of the company’s strong performance and commitment to rewarding its shareholders. Investors should take note of the ex-dividend date, which is set for May 20.

Colgate-Palmolive (India)

FMCG major Colgate-Palmolive (India) has declared a second interim dividend for FY23, amounting to ₹21 per share with a face value of Re 1 each. The dividend payout is estimated to be ₹571.17 crore and will be disbursed to eligible shareholders on or after June 8, 2023. To qualify for this dividend, investors must be registered as shareholders by May 20, 2023. The stock will trade ex-dividend on May 19. This move by Colgate-Palmolive (India) demonstrates the company’s commitment to sharing its success with shareholders.

Home First Finance Company India

Home First Finance Company India, a prominent housing finance company, has declared a dividend of ₹2.60 per equity share with a face value of ₹2. The stock is slated to trade ex-dividend on May 19. By sharing a portion of its profits with shareholders, Home First Finance Company India aims to provide additional value and reward investors.

JM Financial

On May 19, JM Financial, a leading financial services company, will trade ex-dividend. The company has declared a dividend of ₹0.90 per share. This announcement underscores JM Financial’s commitment to delivering consistent returns to its valued shareholders.

Rain Industries

Rain Industries, a prominent company in the field of industrial chemicals, will trade ex-dividend on May 19. The company has announced an interim dividend of Re 1 per equity share, with a face value of ₹2 each. This dividend payment represents Rain Industries’ dedication to providing value to its shareholders, reflecting the company’s strong financial performance.

Tata Consumer Products

Tata Consumer Products, a renowned FMCG company within the Tata Group, has declared a dividend of ₹8.45 per equity share with a face value of Re 1 each. The stock will trade ex-dividend on May 19. Over the past year, Tata Consumer Products’ shares have delivered a commendable return of 7% to its investors.

In conclusion,

the upcoming week presents a range of ex-dividend opportunities for investors. These stocks, including Anupam Rasayan India, Sula Vineyards, Tata Coffee, GM Breweries, HDFC, HDFC Bank, Sundaram Fasteners, Foseco India, Man Infraconstruction, Advance Enzyme Technologies, Alicon Castalloy, Colgate-Palmolive (India), Home First Finance Company India, JM Financial, Rain Industries, and Tata Consumer Products, offer the potential for attractive dividends. By considering these ex-dividend dates and conducting further research, investors can make informed decisions regarding their investment portfolios.