On Monday, The BSE Sensex opened 210 points or 0.4 per cent higher at 59,010, while the NSE Nifty 50 was ruling 0.4 per cent up at 17,617.
With the ongoing optimism in the market, here are some stocks that will trade ex-dividend this week:
Asahi India Glass Limited
The glass manufacturing company has announced a final dividend of 100% of its face value of Rs 2 which amounts to Rs 2 per share. The stock will turn ex-dividend on September 7th. The dividend yield of the stock is 0.31%
The shares of the company were up by 1.4% and trading at Rs 653 levels on Monday afternoon.
NRB Bearings Limited
The bearing company has announced a final dividend of 225% of its face value of Rs 2 which amounts to Rs 22.5 per share. The stock will turn ex-dividend on September 7th. The dividend yield of the stock is 1.21%
The shares of the company were up 1.92% and trading at Rs 164 levels on Monday afternoon.
Maharashtra Seamless Limited
The steel and pipe company has announced a final dividend of 100% of its face value of Rs 5 which amounts to Rs 5 per share. The stock will turn ex-dividend on September 7th and the record date has been set as September 8th. The dividend yield of the stock is 0.61%
The shares of the company were up 0.7% and trading at Rs 818 levels on Monday afternoon.
Mastek Limited
The software company has announced an interim dividend of 240% of its face value of Rs 5 which amounts to Rs 12 per share. The stock will turn ex-dividend on September 8th. The dividend yield of the stock is 1.02%
The shares of the company were down marginally and were trading at Rs 1,872 levels on Monday afternoon.
KRBL Limited
The rice mill company has announced a final dividend of 350% of its face value of Rs 1 which amounts to Rs 3.5 per share. The stock will turn ex-dividend on September 8th. The dividend yield of the stock is 1.10%
The shares of the company were up by 1.9% and were trading at Rs 318 levels on Monday afternoon.
Gujarat State Fertilizers & Chemicals Limited
The fertilizer company has announced a final dividend of 125% of its face value of Rs 2 which amounts to Rs 2.5 per share. The stock will turn ex-dividend on September 9th. The dividend yield of the stock is 1.10%
The shares of the company were up marginally and were trading at Rs 157 levels on Monday afternoon.
GMM Pfaudler Limited
The company has announced a final dividend of 150% of its face value of Rs 2 which amounts to Rs 3 per share. The stock will turn ex-dividend on September 9th. The dividend yield of the stock is 0.32%
The shares of the company were up 2.64% and reached their new 52-week high of Rs 1,904 on Monday.
Written by Anoushka Roy
Disclaimer
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
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