Ahead of the stock market open next week, market watchers should be aware of ongoing corporate announcements covering interim dividends and stock splits. Allcargo Logistics Ltd, CG Power and Industrial Solutions Ltd, SBI Life Insurance Company Ltd, Taparia Tools Ltd and Nettlinx Ltd will trade ex-dividend next week in respect of the interim dividend declared by the companies.
The ex-dividend date is when the price of equity shares of a company gets adjusted for dividend payment. This is one or two business days before the record date. All those shareholders whose names appear in the list of the company as on the end of the record date shall be eligible to receive the dividend.
A) allcargo logistics Ltd: It is a small-cap company, engaged in the business of courier service industry.
The company has declared an interim dividend of Rs. 3.25 per share. The company fixed March 15, 2023 as the record date for the purpose of payment of dividend. The stock will trade ex-dividend on March 15, 2023.
This results in a dividend yield of 0.79% at the current share price. The stock had closed up 0.11 per cent on Friday. 378.95 on BSE
b) CG Power & Industrial Solutions Ltd.: It declared interim dividend 1.50 per equity share of face value to its shareholders 2 each for the financial year 2022-23.
The stock will trade ex-dividend on March 15, 2023. The company has also fixed March 15, 2023 as the record date for payment of dividend. The stock closed down 0.050 per cent on Friday. 297 on BSE
C) SBI Life Insurance Company Ltd. has declared interim dividend 2.50 per equity share for the current financial year 2022-23.
The company has fixed March 16, 2023 as the record date for the purpose of payment of dividend.
The interim dividend will be paid to the shareholders on or before April 6, 2023.
In the last 12 months, SBI Life has declared equity dividend 2 per share. at the current share price of 1129.20, resulting in a dividend yield of 0.18 percent. The stock closed down 0.096 per cent on Friday. 1,096.50 on BSE.
D) Taparia Equipment: It is a small cap company operating in capital goods industry.
has declared an interim dividend of 77.50 per equity share for the current financial year 2022-23.
The company has fixed March 16, 2023 as the record date for the purpose of payment of dividend. The stock will turn ex-dividend on March 16.
e) Nettlinx Ltd: It is a small-cap company operating in capital goods industry.
has declared an interim dividend of Rupee. 0.40 per equity share for the current financial year 2022-23.
The company has fixed March 17, 2023 as the record date for the purpose of payment of dividend. The stock will turn ex-dividend on March 17.
catch all corporate news And updates on Live Mint. download mint news app to receive daily market update & Live business News,