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Dividend Stocks: LIC, Hero MotoCorp, NHPC, Nalco among others to trade ex-dividend this week; check full list

Dividend-Stocks-LIC-Hero-MotoCorp-NHPC-Nalco-among-others-to-trade-ex-dividend-next-week-check-full-list

While a small proportion of the Indian population is connected to the financial market, that small population has been growing at a fast pace as the population becomes educated and the old generation is replaced with a new generation that feels connected to the financial market and prefers the same to grow their savings. The momentum and flow of funds are set to witness an upward tick.

Although every investor in the stock market usually knows the concept of buying low and selling high, there are other ways to earn from a stock. Other corporate actions are dividends, bonuses, buybacks, and lastly, stock appreciation.

In this, we will list stocks that will be going ex-dividend in the coming days and make you aware of the concept of a dividend.

Also read: Why You Should Invest in the Stock Market

What is a dividend?

A dividend in financial markets is a payment made by a going concern to its shareholders as a reward. A company can distribute dividends in the form of cash or assets. The board of directors makes decisions that need approval from shareholders. Dividend declaration procedures differ among companies. Some firms do not support rewarding shareholders with dividends. They engage in other business operations such as buybacks and bonuses. However, a firm doesn't need to pay dividends. The dividend is often a portion of the company's profit distributed to its shareholders.

What effect does a dividend have on stock prices?

Dividends have a substantial influence on share prices by offering income to shareholders and reflecting a company's success. Investors value constant and increasing dividends, yet the stock price decreases on the ex-dividend date because dividends are deducted from assets. Consistent dividends attract long-term investors, as they represent financial health and stability. The influence of dividends on share price relies on a company's development potential, with high-growth corporations having a limited impact or negative impact. Management's confidence in future cash flows and profitability is vital for investors, since decreased or canceled dividends can cause a dramatic decline in share prices.

What is the Ex-dividend date?

The ex-dividend date is the date a company's stock begins trading without a dividend, and those who acquire on or after the ex-date are not entitled to the impending dividend payment. Key dates related to dividend payments include the declaration date, record date, ex-dividend date, and payment date. The ex-dividend date happens 1-2 days before the record date, while the payment date comes a few weeks following the record date.

Important terms related to dividend distributions:

  • Declaration date: The day on which the company's board of directors announces the dividend. This is when the dividend amount and payment date are announced.
  • Record date: The date used by the corporation to establish which shareholders are eligible to receive the dividend.
  • Ex-dividend date: The first day that the stock trades without the impending dividend. Typically 1-2 days before the record date.
  • Payment date: The day on which the corporation actually delivers the dividend payment to shareholders. Typically a few weeks after the record date

Stocks going Ex-dividend in coming days

Name of stocks that would be going ex-dividend in coming days are Hero MotoCorp Ltd, Life Insurance Corporation (LIC) of India, NHPC, NALCO, and many others will others will trade ex-dividend in the coming week.

 

Company Name Div % Div Amount Announcement

Date

Record Date Ex-Div Date
Bodhi Tree Multimedia Ltd 5 0.5 16-02-2024 29-02-2024 29-02-2024
South West Pinnacle

Exploration Ltd

2.5 0.25 14-02-2024 28-02-2024 28-02-2024
NMDC Ltd 575 5.75 14-02-2024 27-02-2024 27-02-2024
Natco Pharma Ltd 62.5 1.25 14-02-2024 26-02-2024 26-02-2024
Suprajit Engineering Ltd 110 1.1 14-02-2024 26-02-2024 26-02-2024
Fineotex Chemical Ltd 60 1.2 14-02-2024 26-02-2024 26-02-2024
Vibrant Global Capital Ltd 12.5 1.25 14-02-2024 26-02-2024 26-02-2024
Gateway Distriparks Ltd 7.5 0.75 14-02-2024 26-02-2024 26-02-2024
Aegis Logistics Ltd 200 2 15-02-2024 23-02-2024 23-02-2024
Bharat Forge Ltd 125 2.5 12-02-2024 23-02-2024 23-02-2024
Bosch Ltd 2050 205 13-02-2024 23-02-2024 23-02-2024
Nirlon Ltd 150 15 12-02-2024 23-02-2024 23-02-2024
Saurashtra Cement Ltd 10 1 12-02-2024 23-02-2024 23-02-2024
Dynamatic Technologies Ltd 50 5 13-02-2024 23-02-2024 23-02-2024
United Drilling Tools Ltd 6 0.6 09-02-2024 23-02-2024 23-02-2024
Taparia Tools Ltd 200 20 12-02-2024 24-02-2024 23-02-2024
India Nippon Electricals Ltd 205 10.25 13-02-2024 23-02-2024 23-02-2024
National Aluminium

Company Ltd

40 2 13-02-2024 23-02-2024 23-02-2024
Nicco Parks & Resorts Ltd 20 0.2 13-02-2024 23-02-2024 23-02-2024
Sandesh Ltd 50 5 10-02-2024 23-02-2024 23-02-2024
Modison Ltd 50 0.5 13-02-2024 23-02-2024 23-02-2024
Garden Reach Shipbuilders

& Engineers Ltd

79.2 7.92 13-02-2024 23-02-2024 23-02-2024
Sun TV Network Ltd 50 2.5 14-02-2024 23-02-2024 23-02-2024
BLS International Services Ltd 50 0.5 12-02-2024 23-02-2024 23-02-2024
Xchanging Solutions Ltd 150 15 13-02-2024 23-02-2024 23-02-2024
Kirloskar Oil Engines Ltd 125 2.5 12-02-2024 23-02-2024 23-02-2024
Cantabil Retail India Ltd 20 0.4 07-02-2024 23-02-2024 23-02-2024
Career Point Ltd 10 1 13-02-2024 23-02-2024 23-02-2024
Gretex Corporate Services Ltd 3 0.3 09-02-2024 23-02-2024 23-02-2024
Gujarat Themis Biosyn Ltd 75 0.75 10-02-2024 22-02-2024 22-02-2024
AVT Natural Products Ltd 30 0.3 14-02-2024 22-02-2024 22-02-2024
Tide Water Oil Co (I) Ltd 600 12 13-02-2024 22-02-2024 22-02-2024
A.K.Capital Services Ltd 80 8 09-02-2024 22-02-2024 22-02-2024
Sunshield Chemicals Ltd 12 1.2 09-02-2024 22-02-2024 22-02-2024
NHPC Ltd 14 1.4 12-02-2024 22-02-2024 22-02-2024
Electrosteel Castings Ltd 50 0.5 08-02-2024 21-02-2024 21-02-2024
Saregama India Ltd 400 4 09-02-2024 21-02-2024 21-02-2024
Hero MotoCorp Ltd 3750 75 09-02-2024 21-02-2024 21-02-2024
Hero MotoCorp Ltd 1250 25 09-02-2024 21-02-2024 21-02-2024
Cummins India Ltd 900 18 07-02-2024 21-02-2024 21-02-2024
MRF Ltd 30 3 09-02-2024 21-02-2024 21-02-2024
NCL Industries Ltd 15 1.5 09-02-2024 21-02-2024 21-02-2024
JK Lakshmi Cement Ltd 40 2 08-02-2024 21-02-2024 21-02-2024
United Van Der Horst Ltd 10 1 09-02-2024 21-02-2024 21-02-2024
P I Industries Ltd 600 6 09-02-2024 21-02-2024 21-02-2024
Premco Global Ltd 20 2 10-02-2024 21-02-2024 21-02-2024
Life Insurance

Corporation of India

40 4 08-02-2024 21-02-2024 21-02-2024
SJVN Ltd 11.5 1.15 09-02-2024 21-02-2024 21-02-2024
Mrs Bectors Food

Specialities Ltd

12.5 1.25 08-02-2024 21-02-2024 21-02-2024
Uniparts India Ltd 60 6 08-02-2024 21-02-2024 21-02-2024
Sula Vineyards Ltd 200 4 13-02-2024 21-02-2024 21-02-2024
Platinumone Business

Services Ltd

20 2 09-02-2024 21-02-2024 21-02-2024

 

To get updates on all the corporate action in one go, visit the Moneysukh Market section.

Calculations related to dividend

Dividend yield: This is calculated by dividing the annual dividend per share by the current stock price. It shows the percentage return an investor can expect from the dividend payments alone. A higher dividend yield generally indicates a more attractive dividend stock.

Dividend yield = Annual dividend per share / Current stock price

Dividend payout ratio: This shows what percentage of earnings the company is paying out as dividends. A lower payout ratio indicates the dividend is more sustainable and there is room for future dividend growth.

Dividend payout ratio = (Total dividends paid / Net income) * 100%

Dividend coverage ratio: This complements the payout ratio by showing how many times a company's earnings cover the dividend payments. A higher coverage ratio indicates a more secure dividend.

Dividend coverage ratio = Net income / Total dividends paid

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