The corporations are all prepared to announce the year's last dividend as the Q4 FY23 earnings season gets underway. Regarding the interim dividends declared by the firms, Elantas Beck India Ltd, Stovec Industries Ltd, Castrol India, Crisil Ltd, and Embassy Office Parks REIT will trade ex-dividend this week.
Ex-Dividend Date: What Is It?
The equity share price of a corporation is adjusted for the dividend payment on the ex-dividend date. The record date is one or two working days away. Dividends shall be paid to all shareholders whose names are on the list maintained by the corporation as of the record date.
India Castrol Limited
The market value of Castrol India Ltd, a well-known brand in the lubricating oil industry, is Rs 11,454 crores. The business has not yet released its Q4 FY23 financial report, which is anticipated on May 9, 2023, but it now has a profit of Rs. 815.15 crores (TTM) over Rs. 4,841.54 crores in sales for the same time. A Rs. 3.5 interim dividend has been issued by the firm per share. On May 4, 2023, the stock will begin trading ex-dividend. The corporation has also established May 4, 2023 as the record date for dividend payments.
Castrol India has announced a 130% increase in its dividend, or Rs 6.5 per share. This amounts in a dividend yield of 5.42 percent at the current share price.
On May 4, the shares of CRISIL Limited will become ex-date for an interim dividend of Rs 7 per share. The date on the album is also May 4.
Office Parks at Embassy
The ex-date for dividends on shares of Embassy Office Parks REIT is May 4. The business has declared a dividend per share of Rs 2.81. May 6 is the record date.
Elantas India Beck Ltd.
A five rupee interim dividend has been issued by the firm per share. On May 2, 2023, the shares will begin trading ex-dividend.
Elantas Beck India has announced a 50% dividend, or Rs 5 per share, during the last year. This comes in a dividend yield of 9.59% at the current share price.
The Stovec Industries Ltd.
A 47-cent interim dividend has been issued by the firm per share. On May 2, 2023, the shares will begin trading ex-dividend.
Over the course of the last year, Stovec Industries Ltd. has declared a 470 percent dividend, or Rs. 47 per share.