Dividend Paying Stocks: The month of October is not only the start of a new quarter but also comes with a season of results. AS stock investors look forward to the results season with the expectation of dividends, bonus shares and other rewards from their stockholding company during the announcement of quarterly results. However, some companies have already declared dividend. Here we are listing 5 dividend paying companies which are going to trade ex-dividend this month:
1]Jai Corp: The Board of Directors of Jai Corp Ltd has approved and announced 50% dividend payout for the financial year 2021-22. The company board also set the record date for dividend payment as 21 October 2022, which means the stock is going to trade ex-dividend on 20 October 2022.
“The Board of Directors, in its meeting held on 25 May 2022, recommended a dividend of Rs 0.50 per share on fully paid-up equity shares of face value of Rs 11 for the financial year 2021-22. Wasn’t recommended but not canceled or reissued.”
2]Angel One: The board of directors of the company has not yet decided how much dividend they will pay to the shareholders of the company, but it is sure that they will pay the dividend this month. The company board has announced the record date for dividend payment as 21 October 2022, which means the stock will trade ex-dividend on 20 October 2022.
3]ICICI Lombard: The dividend paying stock is yet to announce the quantum of interim dividend for the financial year 2022-23. However, the board of directors of ICICI Lombard has fixed 28 October 2022 as the record date for dividend payment. So, the stock will trade ex-dividend on 27 October 2022. In July 2022, the stock was traded for ex-dividend payment. 5 Final Dividend for the financial year 2021-22.
4]ICICI Securities: The brokerage company said in a recent exchange filing, “The Board of Directors of the Company will consider, inter alia, the approval of the unaudited financial results of the Company for the quarter and half year ended September 30, 2022 and declaration of interim dividend, if any.” , at its meeting to be held in Mumbai on Thursday, the 20th October, 2022. The record date for the purpose of payment of interim dividend at the Board meeting to be held on Thursday, the 20th October, 2022, if declared, is Tuesday, the 1st November, be 2022.” Hence, the shares of ICICI Securities will trade ex-dividend this month as on 31 October 2022.
5]Asian Paints: The Chemical Company in a recent exchange filing informed, “The Board of Directors of the Company will be convened on Thursday, October 20, 2022, to consider, inter alia, the following: 1. Audited Standalone of the Company for the Quarterly Acceptance of financial results and the half year ended September 30, 2022; 2. Acceptance of unaudited consolidated financial results of the Company for the quarter and half year ended September 30, 2022; and 3. Declaration of interim dividend for the financial year ending September 30, 2022, March 31, 2023, if any. The record date for payment of interim dividend, if declared, will be Tuesday, November 1, 2022.”
Hence the shares of Asian Paints are going to trade ex-dividend this month on 31st October 2022.
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