Dividend Financial News

Carl Icahn made a multibillion-dollar fortune as an activist investor, bullying companies into changing their businesses. Another activist has now forced him to do the same. Icahn Enterprises, which says it offers small investors a chance to “invest alongside the iconic Icahn," said Friday it was cutting its dividend in half to $1 a share, the first reduction since 2011.

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By Niket Nishant

As the dividend season kicks into high gear in the US, investors are actively seeking companies that are generous in sharing their profits. Let's dive into three standout companies, each approaching their last day to buy shares eligible for dividends, which is just around the corner.

make money in stocks. There’s the popular way - capital gains (i.e. growth) and there’s the not-so-popular way - dividends (i.e.

Also Read: Stocks to Watch: Hero Moto, Titan, Indigo, Vedanta, Delta Corp, HPCL Here we list out full details in regard to some of those dividend stocks: Coforge Ltd: The company has declared a interim dividend of ₹19. It will trade ex-dividend on August 3, 2023. Maruti Suzuki India Ltd: The company has declared a final dividend of ₹90.

ABM Knowledgeware Ltd, Ador Welding Ltd, Bajaj Consumer Care Ltd, BDH Industries Ltd, Centum Electronics Ltd, Crisil Ltd, Data Patterns (India) Ltd, Dynamic Cables Ltd, Eih Ltd, Hawkins Cookers Ltd, Larsen & Toubro Ltd, Lakshmi Automatic Loom Works Ltd, Menon Pistons Ltd, Sahyadri Industries Ltd, Share India Securities Ltd, Styrenix Performance Materials Ltd, and T D Power Systems Ltd among others will be under investors’ radar on Wednesday as they will trade ex-dividend today. Today, 17 stocks will trade ex-dividend. The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout.

Taparia Tools, a Mumbai-based engineering company, after it announced a dividend of ₹77.50 apiece recently. The pay out was considered exceptional given that the stock was at around ₹12 at that time. As many rushed to punch in the buy orders, they realised that the stock is hardly traded and lacks sellers.

Metro Brands Limited, one of India's top footwear specialty retailers, released today the Standalone and Consolidated Financial Results for the quarter ended June 30, 2023. For the quarter ended June 30, 2023, the revenue from operations was Rs. 582.52 crores, and other income was Rs.

Exide Industries Ltd, J.K.Cement Ltd, Orient Paper & Industries Ltd, Resonance Specialties Ltd, Rupa & Company Ltd, Sharda Cropchem Ltd, Shetron Ltd, and SRF Ltd among others will be under investors’ radar on Tuesday as they will trade ex-dividend today. Today, 9 stocks will trade ex-dividend. The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout.

dividend tranches from NIIF and ECGC. The government has already mopped up Rs 5,200 crore as dividend from public sector companies so far in the current fiscal.

Brigade Enterprises Ltd, Eih Associated Hotels Ltd, Fairchem Organics Ltd, Igarashi Motors India Ltd, Jindal Worldwide Ltd, Voltamp Transformers Ltd, and VRL Logistics Ltd among others will be under investors’ radar on Monday as they will trade ex-dividend today. Today, 8 stocks will trade ex-dividend. The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout.

Maruti Suzuki and Kotak Mahindra Bank will trade ex-dividend, while Piramal Pharma's rights issue's ex-date is fixed this week. The ex-dividend date is when the price of the equity shares of a company gets adjusted for the dividend payout. It is one or two working days before the record date. All the shareholders whose names appear in the company's list by the end of the record date will be eligible to receive dividends.Brigade Enterprises (Rs 2/share), EIH Associated Hotels (Rs 5/share) Voltamp Transformers (Rs 60/share) and VRl Logistics (Rs 5/share) will trade ex-dividend on Monday 31st July. Whereas, DB Corp (Rs 3/share), Exide Industries (Rs 2/share), JK Cement (Rs 15/share), Rupa & Company (Rs 3/share), Sharda Cropchem (Rs 3/share) and SRF (Rs 3.6/share) will trade ex-dividend on Tuesday 1st August. On Wednesday 2nd August, Ador Welding (Rs 17.5/share), Bajaj Consumer Care (Rs 5/share), Crisil (Rs 8/share), Data Pattern (Rs 4.5/share), Hawkins Cookers (Rs 100/share), L&T (Rs 6/share), and Styrenix Performance Materials (Rs 24/share) will trade ex-dividend. Meanwhile, United Breweries (Rs 7.7/share), UPL (Rs 10/share), Bata India (Rs 13.5/share), Coforge (Rs 19/share), Honeywell Automation (Rs 95/share), Maruti Suzuki (Rs 90/share) and Usha Martin (Rs 2.5/share) will trade ex-dividend on 3rd August 2023. Also, Aditya Birla Sun Life AMC (Rs 5.25/share), Ajanta Pharma (Rs 25/share), Apar Industries (Rs 40/share), Kirloskar Industries (Rs 13.5/share), Berger Paints (Rs 3.2/share), BSE (Rs 12/share) and Kotak Mahindra Bank (Rs 1.5/share), Symphony, Timken India, and Kalyan Jewellers will trade ex-dividend on 4th August 2023.

Every time PSU banks witness a rally, the first question which is asked in every nook and corner of Dalal Street is, whether the cleanup and consolidation of the banking sector which started in 2015 is over? Let's look at what happened in the banking space, especially PSU banks in the last eight years.A part of this cleanup happened with mergers of different PSU banks.

Exide Industries, JK Lakshmi Cement, United Breweries, among many others will trade ex-dividend in the coming week, starting from Monday, August 31. Also, shares of Kamdhenu Ventures and NINTech Systems will trade ex bonus next week, according to data on stock exchanges.

RITES Ltd., a prominent Transport Infrastructure Consultancy and Engineering firm, reported its standalone and consolidated financial results for Q1FY24. The company's operating revenue (consolidated) saw a 10% dip, reaching ₹544 crore in Q1FY24, while total revenue stood at ₹563 crore, down from ₹637 crore in Q1FY23. EBITDA and PAT amounted to ₹161 crore and ₹120 crore, with margins remaining consistent at 29.6% and 21.3%, respectively.

Special Economic Zone Ltd, Amara Raja Batteries Ltd, Alembic Pharmaceuticals Ltd, Arihant Capital Markets Ltd, Bajaj Electricals Ltd, Banswara Syntex Ltd, Bengal Tea & Fabrics Ltd, Cosmo First Ltd, Cravatex Ltd, DLF Ltd, Elgi Equipments Ltd, Equitas Small Finance Bank Ltd, Flex Foods Ltd, Galaxy Surfactants Ltd, Gandhi Special Tubes Ltd, Gloster Ltd, Godrej Agrovet Ltd, GRP Ltd, ICRA Ltd, Indian Energy Exchange Ltd, Indigo Paints Ltd, Indian Oil Corporation Ltd, Joindre Capital Services Ltd, Jtekt India Ltd, Kaira Can Co.Ltd, Kaycee Industries Ltd, Mangalam Cement Ltd, Mukand Ltd, Mukesh Babu Financial Services Ltd, Info Edge (India) Ltd, Nelcast Ltd, Nesco Ltd, Nitta Gelatin India Ltd, Quick Heal Technologies Ltd, Rane Holdings Ltd, Smruthi Organics Ltd, Sobha Ltd, Sun Pharmaceutical Industries Ltd, Tata Motors Ltd, Tata Motors Ltd - DVR, Tci Express Ltd, Tcpl Packaging Ltd, Transformers And Rectifiers (India) Ltd, TVS Electronics Ltd, Ugar Sugar Works Ltd, Union Bank Of India, Voith Paper Fabrics India Ltd, Wpil Ltd, Xchanging Solutions Ltd, and Zydus Lifesciences Ltd, among others will be under investors’ radar on Friday as they will trade ex-dividend today. Today, 52 stocks will trade ex-dividend.

Westlife Foodworld Q1 Results: Westlife Foodworld announced its April-June quarter results for fiscal 2023-24 (Q1FY24) on July 27, reporting a consolidated net profit of ₹288.3 crore, compared to ₹235.7 crore in the corresponding period last year. The company's revenue from operations in the first quarter of current fiscal stood at ₹614.5 crore, reporting a growth of 14 per cent, compared to ₹537.9 crore in the year-ago period. The company's board declared an interim dividend of ₹3.45 per equity share of face value of ₹2 each, for financial year 2023-24.

Ajanta Pharma, a mid-size firm which is into thespecialty pharmaceutical formulation today reported its performance for the 1st quarter of the current financial year. The company reported revenue from operations at Rs. 1,021 crore and the EBITDA at Rs.

₹83.6 crore for the quarter ended June 2023, registering a growth of 43.6% year-on-year (YoY). The net profit of the company in the corresponding quarter of previous year was ₹58.2 crore. Dr Lal Pathlabs’ consolidated revenue in Q1FY24 increased 7.6% to ₹541 crore from ₹502.7 crore, YoY.

Dividend stock: After declaring record date for first interim dividend on 2nd August 2023, Share India Securities has declared ₹2 per share interim dividend (20 per cent of ₹10 per share face value) for its eligible shareholders for the financial year 2023-24. The board of directors of the brokerage firm considered and approved first interim dividend while discussing its Q1 results 2023 on Wednesday.