Companies like ABB India, CRISIL Ltd, and 360 One WAM have their shares trade ex-dividend starting from Monday, April 29th.
The ex-dividend date is when the stock price adjusts to exclude the upcoming dividend payout. This means that if you buy the stock on or after this date, you won’t receive the next dividend payment. Dividends are paid to shareholders who are listed on the company’s records by the end of the record date.
On the ex-dividend date or ex-date, a stock starts trading without the right to the next dividend payment. If you buy the stock on or after this date, you won’t get the upcoming dividend. Because buyers don’t get the next dividend on the ex-date, the stock’s price typically drops by the amount of the dividend on the exchange.
Stocks declared ex-dividend this week
Elantas Beck India: Elantas Beck India declared a dividend of Rs 5 per share, which is half the face value. The shares will trade ex-dividend on April 30, meaning if you buy them on or after that date, you won’t get the dividend. The record date for dividend eligibility is set for May 1.
360 One Wam: 360 One Wam announced a dividend of Rs 3.5 per share, which is on the face value of Rs 1. If you own the shares before May 2, you’ll qualify for the dividend. However, the shares will trade ex-dividend from that date onward, meaning if you buy them on or after May 2, you won’t receive the dividend.
ABB India: ABB India declared a dividend of Rs 23.8 per share, which is around 1200% of the face value. To qualify for the dividend, you need to be a shareholder by May 5. However, the shares will trade ex-dividend from May 3, meaning if you buy them on or after that date, you won’t get the dividend.
Crisil: Crisil announced an interim dividend of Rs 7 per share. The shares will trade ex-dividend from May 3, which means if you buy them on or after that date, you won’t get the dividend. The record date for the dividend is also May 3.
Sanofi India: Sanofi India approved a dividend of Rs 117 per share. The shares will trade ex-dividend on May 3, meaning if you buy them on or after that date, you won’t receive the dividend.
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Disclaimer: The above content is for informational purposes only. Please consult a SEBI-registered investment advisor before investing in market-linked instruments.
