The dividend is the amount of money that a company pays to its shareholders as dividends on a per-share basis. On the other side, the dividend yield indicates how much a company pays in dividends each year based on its stock price.
Stocks to Watch: 6 Stocks that will trade ex-dividend next week
Whether you’re a seasoned investor or a beginner, understanding these opportunities can be key to building a stable and rewarding investment portfolio.
Following are six stocks that will be trading ex-dividend next week.
360 One Wam Limited
360 One Wam Limited, formerly known as IIFL Wealth Management Limited, is one of the fastest growing private wealth management firms in India. The company mainly acts as wealth manager and offer services relating to financial products distribution, advisory, portfolio management services by mobilising funds and assets of various classes of investors including High Networth Individuals (HNIs)
The company has declared an Interim dividend of Rs 4.5 per share equating to a 450 percent payout as compared to the face value of Rs. 1. The ex-dividend date has been fixed as 29th January 2024.
The company has a dividend yield of 11.11 percent. On Friday, the company’s shares closed at Rs. 630.20, up by 2.14 percent, with a market capitalization of Rs. 22,124 crores.
PCBL Limited
Formerly known as Phillips Carbon Black Limited, PCBL Ltd. is a part of RP-Sanjiv Goenka Group and is engaged in the business of manufacturing & sale of carbon black along with the sale of power. PCBL is now the largest carbon black manufacturer in India and a strong global player with a significant customer base in over 50 countries.
The company has declared an Interim dividend of Rs 5.5 per share equating to a 550 percent payout as compared to the face value of Rs. 1. The ex-dividend date has been fixed as 29th January 2024.
The company has a dividend yield of 1.71 percent. On Friday, the company’s shares moved up by 0.33 percent and closed at Rs. 322.30, with a market capitalisation of Rs. 12,135 crore. Recently, on January 20, the stock hit a new 52-week high at Rs. 333.45.
Puravankara Limited
Headquartered in Bengaluru, the Puravankara Group is one of India’s most trusted realty majors with a pan-India presence. The company has established three different residential brands in the last four decades, namely Purva, Provident Housing Limited (PHL) and Purva Land, serving the entire spectrum of housing and plotted development needs.
Puravankara has completed 83 projects measuring approximately 48 million square feet across nine different cities and its total land bank is around 41 million square feet along with its ongoing projects that add up to nearly 29 million square feet.
The company has declared an Interim dividend of Rs. 6.3 per share equating to a 126 percent payout as compared to the face value of Rs. 5. The ex-dividend date has been fixed as 1st February 2024.
The company has a dividend yield of 0.41 percent. With a market capitalisation of Rs. 5,791 crore, the stock hit a new 52-week high at Rs. 256.35 and closed at Rs. 247.20.
CESC Limited
A flagship company of the RP-Sanjiv Goenka Group, CESC Ltd. is an integrated power utility engaged in the generation and distribution of electricity. The company, through its subsidiaries, also has a portfolio of independent power generation projects and distribution ventures in other parts of India.
CESC Ltd. has declared an Interim dividend of Rs 4.5 per share equating to a 450 percent payout as compared to the face value of Rs. 1. The ex-dividend date has been fixed as 1st February 2024.
The company has a dividend yield of 3.44 percent. On Friday, the company’s shares closed at Rs. 133.30, up by 1.54 percent, with a market capitalisation of Rs. 17,438 crore. Recently, on January 19, the stock hit a new 52-week high at Rs. 145.60.
Zensar Technologies Limited
Headquartered in Pune, Zensar Technologies is a leading digital solutions and technology services company and is a part of the Mumbai-based RPG group.
The company has declared an Interim dividend of Rs. 2 per share equating to a 100 percent payout as compared to the face value of Rs 2. The ex-dividend date has been fixed as 2nd February 2024.
The company has a dividend yield of 3.24 percent. On Friday, the company’s shares moved up by 1.05 percent and closed at Rs. 575.95, with a market capitalisation of Rs. 12,906 crore.
Control Print Limited
Established in 1991, Control Print Limited is a renowned coding and marking equipment manufacturer providing solutions to meet the coding and marking needs of various sectors.
The company has declared an Interim dividend of Rs. 4 per share equating to a 40 percent payout as compared to the face value of Rs. 10. The ex-dividend date has been fixed as 2nd February 2024.
The company has a dividend yield of 0.95 percent. On Friday, the company’s shares increased by 3.71 percent to close at Rs. 1,003.3 with a market capitalisation of Rs. 1,544 crore. On January 20, the share price of the company hit a new all-time high at Rs. 1,080.
