Next week, several equities will become ex-dividend; details can be found here.

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Market observers should be aware of continuing business statements concerning interim dividend and stock splits prior to the start of the stock market the following week. Regarding the interim dividends declared by the firms, Hindustan Zinc, SBI Cards and Payment Services, Crisil Ltd, Angle One Ltd, and Indraprastha Gas Ltd will trade ex-dividend the next week.

The equity share price of a corporation is adjusted for the dividend payment on the ex-dividend date. The record date is one or two working days away. Dividends shall be paid to all shareholders whose names are on the list maintained by the corporation as of the record date.

  1. Hindustan Zinc: The company has declared interim dividend of ₹3.25 per share. The company fixed 29 March, 2023 as the record date for the purpose of payment of the dividend. The stock will trade ex-dividend on 29 March, 2023.At the current share price this results in a dividend yield of 5.57%. On Friday, the stock closed 0.92 per cent up at ₹323.15 on BSE.
  2. SBI Cards and Payment Services Ltd: The company announced an interim dividend of ₹2.50 per equity share face value of ₹10 each. It has fixed 29 March, 2023 as the record date.  The stock will trade ex-dividend on 29 March, 2023. At the current share price this results in a dividend yield of 0.3%. On Friday, the stock closed 0.28 per cent up at ₹723 on BSE.
  3. Brand Concepts: The company has declared an interim dividend of ₹0.50 per equity share of face value of ₹10. The company has set 30 March, 2023 as the record date. The stock will trade ex-dividend on 29 March, 2023. On Friday, the stock closed 3.90 per cent down at ₹210.40 on BSE.
  4. 4. Angel One Ltd: The company has declared fourth interim dividend for the financial year 2022-23 at the rate of ₹9.60  per equity share of face value of ₹10 per share. The company has set 31 March, 2023 as the record date. The stock will trade ex-dividend on 31 March, 2023. At the current share price this results in a dividend yield of 2.39%. On Friday, the stock closed 4.09 per cent down at ₹1134.15 on BSE.
  5. Crisil: The company has declared interim dividend for the financial year 2022-23 at the rate of ₹23.  The stock will trade ex-dividend on 31 March, 2023.At the current share price this results in a dividend yield of 1.57%. On Friday, the stock closed 2.23 per cent down at ₹3,050 on BSE.
  6.  Indraprastha Gas Ltd: The company has declared interim dividend for the financial year 2022-23 at the rate of ₹10 per equity share. The company has set 31 March, 2023 as the record date. The stock will trade ex-dividend on 31 March, 2023.

The dividend yield at the current share price is 1.27%. The stock lost 1.59% of its value on Friday, closing at $432 on the BSE.

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