Dividends are comparable to bonuses obtained from stock market investments. Dividend recipients should consider two actual dates before deciding. The two dates are “Record date” and “ex-dividend date” or “ex-date.”
When an organization announces a dividend, it establishes a “record date” for when investors must be registered to collect the dividend. The organization often utilizes this information to decide who gets proxy statements, financial reports, and other documents.
Generally, the organization determines the ex-date when determining the record date. The ex-date for equities is typically one organization day before the record date.
Owners of the shares receive the dividend. You will get the dividend if you purchase the shares before the ex-date. There will be an interim dividend payment this week by all five of these organizations.
Other than the five organizations mentioned below. This Wednesday, we will have more quarterly earnings announcements, board meetings, and organization actions. By registering with us at the best trading app in India, you may keep track of other organizations’ ex-dates.
5 Stocks That Will Turn Ex-Date This Week
1. Oracle Financial Services Software Ltd
The organization’s board of directors authorized on May 4, 2022, the payment of an interim dividend of Rs. 190/- per equity share with a face value of Rs. 5/- each to shareholders for the financial year 2021-22. Shares will trade ex-date on May 13, 2022, with the record date set for Tuesday, May 17.
The stock market has fallen in lockstep with the organization’s shares, presently trading at Rs. 3550/-, down from a 52-week high of Rs. 5000/-.The fact that the organization consistently declares huge dividends each year and that the stock’s yields are close to 5.6 percent intrigues me.
2. Aarnav Fashions Ltd
For FY21-22, the corporation declared an interim dividend of Rs. 0.50/- per equity share of Rs. 10/- each (5%)on May 5, 2022. May 17, 2022, is selected as the record-keeping date. As a result, the shares will go ex-date on May 13, 2022.
3. INDUS TOWERS Ltd
An interim dividend of Rs. 11/- per equity share of Rs. 10/- the corporation declared each for the fiscal year FY 2021-2022 on May 5, 2022. This year’s record date will be Tuesday, May 17, 2022. Thus, the shares will go ex-date onMay 13, 2022.
4. Coastal Trawlers Ltd
On May 2, 2022, the organization informed the BSE that the Board of Directors declared an interim dividend of Rs. 2/- per equity share of Rs. 10/- apiece. The Interim Dividend payment record date is May 13, 2022. Investors should be aware that the stock will trade ex-date on May 12, 2022.
5. Procter & Gamble Health Ltd
On May 5, 2022, the organization notified the BSE: “We are delighted to tell you that the Organization’s Board of Directors has proposed an Interim Dividend of Rs. 41/- per Equity Share (Face Value of Rs. 10/- each) for the Financial Year 2021-22. The dividend is due May 31, 2022. The ex-date is May 12, 2022, with a record date of May 13, 2022.
Highly Beneficial Organization: Bajaj Auto
Bajaj Auto’s dividend yield is comparable to that of Oracle Financial Services. At the current market price of Rs. 3550/-, the organization’s board of directors typically declares dividends of around Rs. 140/- per share, resulting in a dividend yield of approximately 4%.
The board of directors established July 1 as the record date for dividends. The shares’ ex-date is June 30. For dividend eligibility, you must acquire the shares before June 29.
Apart from dividends, the stock of Bajaj Auto has several positive attributes. The organization’s cash and liquid assets exceed Rs. Seventeen thousand crores and its price-to-earnings ratio are about 15. Purchase the shares if you wish to get dividends regularly. Sign up for the Best Demat Account in India for such precious advice.
The Bottom Line
We are sure that you have the organizations as mentioned above’ ex-dates. We highly suggest investing in Oracle Financial Services, Bajaj Auto, and the aforementioned organizations. These investments will bring you significant dividends this year and in the years ahead.
However, there is only one catch since you need to purchase the shares before the end of the week to qualify for the dividends.