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Share Market News: Along with the quarterly results of listed companies in the stock market, the season of dividend has gained momentum. This time is great for those investors, who keep looking for opportunities to earn from the stock market through dividends. This week is also going to be special in this sense, because shares of many companies are going to be ex-dividend during this period.
Before proceeding further, let us know some basic things related to dividend. Ex-dividend date is the date on which the company adjusts the price of equity shares for the payment of dividend. This date is usually one or two working days before the record date. Similarly, record date is the date till the end of which the shareholders who come in the list of the company get the benefit of dividend.
Oracle Financial Services Software
This IT services company is going to pay a tremendous dividend of Rs 225 per share. The company has fixed May 9 as the record date for payment of this dividend. This share will be ex-dividend on 9th May itself. It gained 3 per cent last week and stood at Rs 3,667.20.
Ramkrishna Forging
The steel forging manufacturer company is going to pay an interim dividend of Rs 0.50 per share. The stock will go ex-dividend on 9th May. This is also the record date for the dividend. The stock had closed at Rs 342.60 on BSE in Friday’s trade.
Coforge
This company is going to pay a dividend of Rs 19 per share. The company has fixed the record date on May 10 and on this date it will become ex-dividend. Right now the price of its one share is around Rs 4,113.
Laurus Labs
This Hyderabad-based pharmaceutical company has announced a dividend of Rs 1.20 per share. This company has also fixed the record date on May 10 and on this date this share will become ex-dividend. Last week, the price of its shares had risen by more than 9 per cent and it closed at Rs 315.40.
IndiaMART InterMESH
This e-commerce company has decided to pay a final dividend at the rate of Rs 20 per share. This share will be ex-dividend on May 11, 2023. The company has fixed the record date on May 11 itself. Its stock is currently trading near Rs 5,975. Last week it gained a whopping 14 per cent.
Kewal Kiran Clothing
The company has declared a dividend at the rate of Rs 02 per equity share. The company has fixed the record date on May 11 and on this date this share will also become ex-dividend.
360 One Wam
The parent company of IIFL Wealth Management is going to pay a dividend of Rs 4 per share. The company has fixed May 12 as the record date for payment of dividend. This share will also become ex-dividend on the same day. Right now this stock is trading near Rs.425.
Aptus Value Housing Finance
The home loan service provider company has declared a dividend of Rs 2 per share. The stock will be ex-dividend on May 12. It had just closed at Rs 257.35 on BSE.
Disclaimer: (The information provided here is for information only. It is important to mention here that investing in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com It is never advised to invest money here.)
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