Shree Cement, Maan Aluminium, Chambal Fertilizers and Kothari Sugars are among the stocks which will trade ex-dividend on Thursday. Nestle India will announce its December quarter (Q4FY23) results later in the day.
when a company turns over ex dividend At any particular date, its stock is not worth the next dividend payment. Typically, an ex-dividend date is set a day or two before the record date.
Shree CementShares of the cement maker will be converted into ex-dividend on Thursday. The company had declared an interim dividend of Rs. 45 per equity share. The record date for the same is February 16 and the dividend will be paid on March 1.
Shares of Shree Cement were trading up by 0.095 per cent. 24,901.40 per share on BSE in Thursday’s trade. Shree Cement is a large-cap firm having a market capitalization of 88,809 crores.
Chambal Fertilizer: Shares of Agrochemicals Manufacturing Company will convert to ex-dividend on Thursday. The company had declared an interim dividend of Rs. 4.50 per equity share. The record date for the same is Thursday and the dividend will be paid on March 5.
Chambal Fertilizers share declined by 0.033% 298.95 per share on BSE in today’s trade. Chambal Fertilizers is a mid-cap firm having a market capitalization of 12,490 crores.
Mann Aluminum: The shares of the company will also become ex-dividend on 16 February. The firm had declared an interim dividend of Re 1 per equity share. The record date for the same is Thursday and the dividend will be paid on March 4.
Kothari Sugars: Distilleries Company had declared an interim dividend of Rs 0.50 per share. Today is the record date for the same and the stock will trade ex-dividend on February 16.
Nestle’s Q4 revenue may rise up to 17% YoY
During this, Nestle India is expected to record 17.5 per cent year-on-year growth in revenue 4,394 crore in the December quarter. The company is scheduled to announce its financial results on Thursday.
Meanwhile, profit after tax is expected to grow by 57.2 per cent year-on-year 608 crore, while falling 9.1 percent quarter-on-quarter 668 crore in the same period last year.
The brokerage expects Ebitda margin to decline by 186 basis points to 21.5 per cent in the fourth quarter from 23.4 per cent in the year-ago period.
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