NEW DELHI: Several prominent companies, including Tata Steel, L&T, and Cyient, are set to trade ex-dividend next week. Shares of these and other companies such as Bajaj Finance, Bajaj Finserv, HDFC Life Insurance Company, and LTIMindtree Ltd will adjust their prices to reflect the upcoming dividend payouts from Tuesday, June 18.
What is Ex-Dividend?
The ex-dividend date is when a stock trades without the value of its next dividend. On this date, the share price adjusts downwards to account for the upcoming dividend payment. Shareholders who own the stock by the end of the record date are entitled to receive the dividend.
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Companies Going Ex-Dividend on June 18, 2024:
- Bank of India: The bank announced a dividend of ₹2.8 per share.
- HDFC Asset Management Company Ltd: Declared an interim dividend of ₹70 per share.
- L&T Finance Ltd: Announced a final dividend of ₹2.5 per share.
In addition to these, some companies are also engaging in other corporate actions like share buybacks, bonus issues, and stock splits.
For investors, this means the share prices will be adjusted on the ex-dividend date, reflecting the upcoming dividend payment. To receive the dividend, you must be a shareholder by the record date, which is typically a few days before the ex-dividend date.
Keep an eye on these stocks next week if you’re interested in dividends or other corporate actions.
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.
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