Dividend Financial News

ASM Technologies Ltd, Automotive Axles Ltd, Bhagiradha Chemicals & Industries Ltd, Deepak Nitrite Ltd, Prataap Snacks Ltd, Dollar Industries Ltd, Hatsun Agro Product Ltd, Hero MotoCorp Ltd, Indag Rubber Ltd, JK Tyre & Industries Ltd, Pidilite Industries Ltd, Pradeep Metals Ltd, Punjab Chemicals and Crop Protection Ltd, Rajratan Global Wire Ltd, Ratnamani Metals & Tubes Ltd, Shree Ajit Pulp And Paper Ltd, and Ultratech Cement Ltd among others will be under investors’ radar on Thursday as they will trade ex-dividend today. Today, 18 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.

REC Q1 Results: REC (formerly Rural Electrification Corporation) announced its April-June quarter results for fiscal 2023-24 (Q1FY24) on July 26, reporting a growth of 21 per cent in consolidated net profit at ₹2,968.05 crore, compared to ₹2,454.16 crore in the corresponding period last year.

Rio Tinto’s half-year profit has slumped 34 per cent following weaker commodity prices, and the $US5.7 billion ($8.4 billion) underlying profit and $US1.77 per share interim dividend have fallen short of analyst expectations.

20 Microns Ltd: The company has declared a final dividend of ₹0.75. It will trade ex-dividend on July 26, 2023. 3M India Ltd: The company has declared a final dividend of ₹100.

L&T Q1 Results: Infrastructure major Larsen & Toubro (L&T) announced its April-June quarter results for fiscal 2023-24 (Q1FY24) on July 25, reporting a rise of 46.5 per cent in consolidated net profit at ₹2,493 crore, compared to ₹1,702.02 crore in the year-ago period. L&T board also approved a ₹10,000 crore share buyback at upto ₹3,000 per share and a special dividend of ₹6 per share, along with the announcement of quarterly results today.

Dividend stocks: A stock market investor not just earn from stock appreciation but from various other rewards that a listed company announces from its capital reserves like bonus shares, share buyback, interim or final dividend, etc. For such long term investors, there is a piece of stock market news today.

Andhra Petrochemicals Ltd: The company has declared a final dividend of ₹1.50. It will trade ex-dividend on July 25, 2023. Bhansali Engineering Polymers Ltd: The company has declared a interim dividend of ₹1.

Adani Ports and Special Economic Zone (APSEZ), the largest private port operator in the country, will be under investors’ radar as the stock is set to turn ex-dividend this week. Adani Ports shares will trade ex-dividend for a dividend of 250% for FY23 on Friday, July 28, 2023.

MUMBAI, NEW DELHI : Banks have turned cautious on their exposures to Vedanta Ltd, worried that sizeable dividend payouts to ease the parent’s debt burden might stress the balance sheet of the domestic entity to which they have loaned money, said two bankers close to the matter. Bankers said a clutch of lenders have been discussing their stand on Vedanta and are uncomfortable with high dividends to help its London-based parent Vedanta Resources deleverage. They said they are closely watching their exposures but added that the company has been repaying loans on time.

New Delhi: With state-run ONGC Videsh Ltd (OVL) yet to get equity rights for its shares in Russian energy project Sakhalin-1, the overseas arm of Oil and Natural Gas Corp. has not received any dividend payments, two people aware of the development said. The project is India’s most lucrative energy equity investment overseas and has been a significant source of returns for ONGC since its acquisition in 2001.

NDR Auto Components (1:1) and Shriram Pistons & Rings (1:1) will trade ex-bonus on Monday, whereas VR Films & Studios (7:1) on Wednesday, Maan Aluminium (1:1) on Thursday, and Remedium Lifecare (9:5) on Friday will trade ex-bonus. Shares of Maan Aluminium (Rs 10 to Rs 5) on Thursday and Servotech Power Systems (Rs 2 to Rs 1) on Friday will ex-split, while shares of Brooks Laboratories' ex-date for the right issue is fixed on Friday, 28th July.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own.

Remedium Lifecare  9:5   28-07-2023 Maan Aluminium  1:1   27-07-2023 V R Films                7:1    26-07-2023 Ndr Auto Compon 1:1   24-07-2023 Tata Motors       100    28-07-2023 TML - D              100    28-07-2023 JTEKT India       50     28-07-2023 Rane Holdings  170    28-07-2023 Flex Foods           5       28-07-2023 Ugar Sugar Work 50    28-07-2023 Mangalam Cement 15 28-07-2023 Sobha                  30       28-07-2023 Galaxy Surfacta 40 28-07-2023 Aarti Ind 30 28-07-2023 IOC 30 28-07-2023 Banswara Syntex 60 28-07-2023 Indigo Paints 35 28-07-2023 Godrej Agrovet 95 28-07-2023 Sun Pharma 400 28-07-2023 Smruthi Organic 20 28-07-2023 Zydus Life 600 28-07-2023 Alembic Pharma 400 28-07-2023 Cravatex 15 28-07-2023 Kaycee Ind 60 28-07-2023 Amara Raja Batt 320 28-07-2023 Xchanging Sol 150 28-07-2023 Quick Heal Tech 25 28-07-2023 NESCO 225 28-07-2023 DLF 200 28-07-2023 Nelcast 20 28-07-2023 WPIL 200 28-07-2023 Elgi Equipments 200 28-07-2023 ICRA 400 28-07-2023 ICRA 900 28-07-2023 360 ONE WAM 400 28-07-2023 Union Bank 30 28-07-2023 Arihant Capital 40 28-07-2023 Mukesh Babu Fin 12 28-07-2023 Joindre Capital 12.5 28-07-2023 Equitas Bank 10 28-07-2023 Cosmo First 50 28-07-2023 Kaira Can 120 28-07-2023 GRP 170 28-07-2023 Trans & Electr 15 28-07-2023 Transformers 15 28-07-2023 Mukand 20 28-07-2023 Gandhi Spl Tube 240 28-07-2023 Bengal Tea 10 28-07-2023 Bajaj Electric 200 28-07-2023 TVS Electronics 20 28-07-2023 Info Edge 90 28-07-2023 TCPL Packaging 200 28-07-2023 Voith Paper Fab 70 28-07-2023 Gloster 200 28-07-2023 Adani Ports 250 28-07-2023 IEX 100 28-07-2023 TCI Express 100 28-07-2023 Hero Motocorp 1750 27-07-2023 Automotive Axle 320 27-07-2023 JK Tyre & Ind 100 27-07-2023 Hatsun Agro 600 27-07-2023 Prataap Snacks 20

₹16,011 crore vs ₹17,955 crore (YoY). Whereas, the revenue at ₹2.07 lakh crore vs ₹2.19 lakh crore (YoY).

₹16,011 crore, down 10.8 per cent, compared to ₹17,955 crore in the corresponding period last year.        On Thursday, the financial arm of RIL was demerged from its parent company. The demerged entity RSIL (Reliance Strategic Investments Limited), would be renamed JFSL (Jio Financial Services Limited) and it will be listed separately on NSE and BSE in the next few months.

Abbott India Ltd: The company has declared a special dividend of ₹145 and final dividend of ₹180. It will trade ex-dividend on July 21, 2023. Archean Chemical Industries Ltd: The company has declared a final dividend of ₹2.50.

Mphasis Ltd on 20 July approved the recommendation of dividend of ₹50 per equity share of ₹10 each for the year ended 31 March 2023. According to details, the dividend, if declared at the ensuing Annual General Meeting of the company, will be paid within 30 days of the Annual General Meeting, to those shareholders, the firm said in a stock regulatory filing.

buyback on July 25 during a meeting of the Board of Directors. The meeting will also see the board approve the unaudited consolidated and standalone financial results for the quarter ended June 30.

Coforge announced its April-June quarter results for fiscal 2023-24, reporting a net profit of ₹165.3 crore, up 10 per cent, compared to ₹1,829.4 crore in the corresponding period last year, its said in a stock regulatory filing on 20 July. “The Board has also declared interim dividend of Rs.

DB Corp has approved an interim dividend of Rs 3 per share for the current financial year. The record date for the said dividend is fixed as August 1. «The Board has recommended a dividend of Rs 3 per equity share of the face value of Rs 10 each (i.e.

Acknit Industries Ltd, John Cockerill India Ltd, Duncan Engineering Ltd, Fortis Healthcare Ltd, GPT Infraprojects Ltd, Graphite India Ltd, HCL Technologies Ltd, Kanco Tea & Industries Ltd, MRF Ltd, Natural Capsules Ltd, Novartis India Ltd, Oriental Carbon & Chemicals Ltd, Rossell India Ltd, Tata Consultancy Services Ltd, and Weizmann Ltd, among others will be under investors’ radar on Thursday as they will trade ex-dividend today. Today, 15 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.

BCPL Railway Infrastructure Ltd: The company has declared a dividend of ₹0.70. It will trade ex-dividend on July 19, 2023. Blue Dart Express Ltd: The company has declared a dividend of ₹30.