Dividend stocks: IRB Infrastructure, Shriram Finance, two other shares to trade ex-dividend today
Dividend stocks 2023: Shares of Colgate-Palmolive (India) Ltd, IRB Infrastructure Developers Ltd, MPS Ltd, and Shriram Finance Ltd will be in focus when the stock market opens today. The board of directors of these companies have declared dividend for its eligible shareholders. Colgate-Palmolive (India) has declared an interim dividend of Rs 22 per share (2200%), IRB Infrastructure Developers board has declared a Rs 0.10 per share (10%) interim dividend, MPS Ltd has declared a ₹30 per share (300%) interim dividend, and Shriram Finance has announced a Rs 20 per share (200%) interim dividend.
F&O Ban List: GNFC placed under futures & options ban for Nov 6 Colgate-Palmolive (India) Ltd— The company board has declared ₹22 per share interim dividend for the financial year 2023-24. The FMCG major reported a 22.31% increase in net profit at ₹340.05 crore for the second quarter ended on September 30, driven by pricing and efficiencies. Its sales rose 6.09% to ₹1,462.38 crore during the September quarter, as against ₹1,378.37 crore of the corresponding quarter a year ago.
CPIL’s Ebitda margins “continue to improve, up 120 bps vs. sequential quarter and up 340 bps vs. prior year quarter driven by pricing and efficiencies," the company had said.
Shares of Colgate-Palmolive (India) Ltd on Friday closed at ₹2,104.80, down 0.93% on the NSE. IRB Infrastructure Developers — The infra company has declared ₹0.10 per share interim dividend for its eligible shareholders. IRB Infrastructure Developers reported a 12.24 % rise in consolidated net profit to Rs 95.74 crore for the September quarter.
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