PFC, MRF among 115 stocks to trade ex-dividend this week. Do you own any?
Out of the lot, two are Nifty companies, i.e., HCL Tech and Shriram Finance, along with other names like PFC, MRF, and RBL Bank.
Dividends are paid to shareholders whose names appear in the company's database on the record date. After the 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 22:
Exide Industries, Happy Forgings, Bemco Hydraulics, Carborundum Universal, Divgi Torqtransfer Systems, Chembond Chemicals, DHP India, Indian Metals & Ferro Alloys, Swelect Energy Systems, Taparia Tools, Voltamp Transformers and Xpro India are the companies that have fixed July 22 as their record date to determine the eligibility of shareholders for the dividends.
Tuesday, July 23
Data Patterns, Goodyear India, HCL Tech, HIL Ltd, Jenburkt Pharmaceuticals, Modison,
Novartis India, Oriental Carbon & Chemicals, Plastiblends India, Rainbow Children's Medicare, Rajratan Global Wire, Shree Cement, Shriram Finance, SIL Investments, Steel City Securities, TCFC Finance, TCPL Packaging, Tembo Global Industries, Tube Investments of India, Walchand Peoplefirst and Weizmann had declared July 23 as the record date for their dividends.
Wednesday, July 24
Avad
