Dividend stocks: Sundaram-Clayton, Varun Beverages shares to trade ex-dividend today

livemint.com:

Dividend stocks: Shares of Sundaram-Clayton Ltd, Varun Beverages Ltd, Cupid Ltd, and Savani Financials Ltd will be in focus when the stock market opens on April 4 (Thursday). The Board of Directors of the 4 companies have declared interim dividend, final dividend, rights issue, stock split, and bonus issue for their eligible shareholders. The record date by the 4 companies to ascertain the eligibility of shareholders for their respective issues has been fixed on April 4.

ALSO READ: NSE introduces 4 new indices in capital market and F&O segment from April 8 Sundaram-Clayton: The company has declared an interim dividend of ₹5.15 per equity share. In a stock exchange filing, Sundaram-Clayton said: “The Board of Directors of the Company at its meeting held today, declared an interim dividend of Rs. 5.15/- per share (103%) on 2,02,32,104 equity shares of Rs.5/- each fully paid up, absorbing a sum of Rs.

10.42 Cr, for the financial year ending 31st March 2024." “The dividend payment will made within 30 days from the declaration of interim dividend, as provided in the Companies Act, 2013," it added. Varun Beverages: The company has declared a final dividend of ₹1.25 per equity share. In a stock exchange filing, Varun Beverages said the Board of Directors approved the “Recommendation of a final dividend of Rs.

1.25 (Rupee One and Twenty-Five Paisa only) per Equity Share of the nominal value of Rs. 5/- each for the Financial Year ended December 31, 2023, to the shareholders of the Company." Shares of Sundaram-Clayton and Varun Beverages will trade ex-dividend on Thursday. ALSO READ: More stock market news Savani Financials: The company has declared a rights issue of equity shares.