Now Reading: Over 40 stocks trade ex-dividend this week, BEL, HAL in focus
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Over 40 stocks trade ex-dividend this week, BEL, HAL in focus
More than 40 listed companies including Indus Towers, Jio Financial Services, Bharat Electronics (BEL), Godrej Consumer Products, and Hindustan Aeronautics (HAL) will see their shares trade around record dates for dividend payouts…
The Story in Brief
More than 40 listed companies including Indus Towers, Jio Financial Services, Bharat Electronics (BEL), Godrej Consumer Products, and Hindustan Aeronautics (HAL) will see their shares trade around record dates for dividend payouts this week, NDTV Profit reports. Interim dividends include Rs 23 per share from PTC India (record date August 10) and Rs 5 from Godrej Consumer (record date August 13). Final dividends include Rs 0.60 per share from Jio Financial and Rs 0.55 from BEL (record date August 12). Other notable payouts: Majestic Auto Rs 25 final, Godfrey Phillips Rs 33 final, and KPIT Technologies Rs 5.25 final dividend.
The Indian Opinion
The parade of ex-dividend dates tempts retail investors to chase stocks for a quick payout, but the arithmetic rarely works. A stock price drops by roughly the dividend amount on the ex-date, so the net gain is often zero before tax. Many miss that fine print. The real test is not who announces the highest interim dividend like PTC India's Rs 23 per share, but whether the company's business fundamentals justify the payout. Watch post-dividend price movements this week to see who gets rewarded and who gets sold off.
Source: ndtvprofit.com
This story was synthesised by AI from the source linked above.
