As the stock market continues to captivate investors, today presents an opportunity for them to pay attention to seven dividend stocks that will trade ex-dividend. These stocks include Century Textiles & Industries Ltd, Ingersoll-Rand (India) Ltd, Lakshmi Electrical Control Systems Ltd, Lloyds Steels Industries Ltd, Modison Ltd, Rane Brake Lining Ltd, and Walchand Peoplefirst Ltd.
The ex-dividend date is a crucial point for investors, as it marks the adjustment of equity share prices to account for the next dividend payout. From this day forward, shares will not include the value of the impending dividend payment. It is essential to note that dividends are payable to shareholders whose names appear on the company’s list by the end of the record date.
Let’s delve into the details of these dividend stocks:
1. Century Textiles & Industries Ltd: The company has declared a dividend of ₹5 per share. Trading ex-dividend on July 17, 2023, the dividend is subject to approval by the shareholders in the forthcoming Annual General Meeting.
2. Ingersoll-Rand (India) Ltd: Ingersoll-Rand has declared a dividend of ₹20 per share. Trading ex-dividend on July 17, 2023, the dividend is subject to approval by the shareholders at the next Annual General Meeting.
3. Lakshmi Electrical Control Systems Ltd: The company has declared a dividend of ₹22 per share. Trading ex-dividend on July 17, 2023, the dividend is subject to approval by the shareholders at the ensuing Annual General Meeting.
4. Lloyds Steels Industries Ltd: Lloyds Steels has declared a dividend of ₹0.10 per share. Trading ex-dividend on July 17, 2023, the dividend is subject to approval by the shareholders.
5. Modison Ltd: The company has declared a dividend of Re 1 per share. Trading ex-dividend on July 17, 2023, the dividend has been recommended by the Board of Directors.
6. Rane Brake Lining Ltd: Rane Brake Lining has declared a dividend of ₹25 per share. Trading ex-dividend on July 17, 2023, the dividend is subject to approval by the members at the ensuing 18th Annual General Meeting.
7. Walchand Peoplefirst Ltd: The company has declared a dividend of Re 1 per share. Trading ex-dividend on July 17, 2023, the dividend is subject to approval by the shareholders at the upcoming Annual General Meeting.
Investors should keep a close eye on these stocks as they trade ex-dividend, as it may present potential opportunities for those seeking dividend income. The final approval of the dividend payouts by the respective shareholders will determine the actual payment date.
It is important for investors to conduct their due diligence and analyze the financial health and performance of these companies before making any investment decisions. As with any investment, it is recommended to consult with a financial advisor or broker to ensure alignment with individual investment goals and risk tolerance.