Dividend stocks: Vedanta, Ultratech among 100 stocks to trade ex-dividend next week. Do you own any?
companies have fixed their record dates this week for the purpose of determining the eligible shareholders for the payout of their dividends.
Out of the lot, 5 are Nifty companies, i.e, Ultratech Cement, Maruti Suzuki, Cipla, Divi’s Laboratories and Hero Motocorp. Other names include companies like Vedanta, Oberoi Realty, Sundaram Finance etc.
Dividends are paid to shareholders whose names appear in the company's database on the record date. After implementation of the T+1 framework, the record date and ex-date are the same in most cases unless there is a market holiday after the ex-date.
Shareholders who buy the stock at least one day before the ex-date are eligible for dividends as settlement happens the next day. Those buying the stock on the ex-date are not eligible for dividends.
Here is a list of stocks that are trading on an ex-dividend basis this week:
Monday, July 29
Deepak Nitrite (final dividend of Rs 7.5 per share), Info Edge (India) (dividend of Rs 120), Automotive Axles (dividend of Rs 32), Birla Corporation (dividend of Rs 10), Career Point (dividend of Rs 1), D.B. Corp (dividend of Rs 7), EIH Associated Hotels (dividend of Rs 6), Fairchem Organics (dividend of Rs 7.5), Hawkins Cookers (dividend of Rs 120), Orient Cement (dividend of Rs 1.5) and Shreyans Industries (final dividend of Rs 3 and a special dividend of Rs 2).
Tuesday, July 30
Avanti Feeds (dividend of Rs 6.75), Banswara Syntex (dividend of Rs 1), Brigade Enterprises (dividend of Rs 2), BSL (dividend of Re 1), Cravatex (dividend
