Dividend stocks: Punjab & Sind Bank, Alkyl Amines, four others to trade ex-dividend today
Dividend stocks: Shares of six listed companies — Punjab & Sind Bank, Alkyl Amines, Motilal Oswal, Tide Water Oil, Nath Bio-Genes and Agro Tech Foods are going to trade ex-dividend today. The board of directors of these companies have approve final dividend for the financial year 2022-23.
Punjab & Sind board has declared final dividend of ₹0.48 apiece, Alkyl Amines is trading ex-dividend stock today for payment of ₹10 per share final dividend to its eligible shareholders. Similarly, Motilal Oswal is trading ex-dividend for payment of ₹3 per share final dividend to the eligible shareholders.
The board of directors of the chemical company informed Indian stock market bourses about the final dividend citing, "Pursuant to Regulation 42 of the SEBI (LODR) Regulations, 2015 read with Section 91 of the Companies Act, 2013 and other applicable provisions of Companies Act, 2013, we would like to inform you the Company has fixed Tuesday, July 4, 2023 as the “Record Date" for determining entitlement of Members to dividend for the financial year ended March 31, 2023, if approved at the AGM." The company board approved final dividend of ₹3 per share for the financial year 2022-23. Agro Tech Foods informed about the decision citing, "This has reference to our letter dated 19th April, 2023, regarding the captioned subject.
We wish to inform you that the Board of Directors in their meeting held today have inter-alia recommended a final dividend of Rs. 3/- per equity share for the Financial Year ended March 31, 2023, subject to the approval of shareholders.
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