Market observers should be aware of continuing business statements concerning interim dividend and stock splits prior to the start of the stock market the following week. Regarding the interim dividends declared by the firms, Hindustan Zinc, SBI Cards and Payment Services, Crisil Ltd, Angle One Ltd, and Indraprastha Gas Ltd will trade ex-dividend the next week.
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.
Hindustan Zinc: The business announced a quarterly dividend of 3.25 rupees per share. The corporation established March 29, 2023 as the record date for the dividend distribution. On March 29, 2023, the stock will trade ex-dividend.
5.57% dividend yield is the result at the current share price. The stock increased by 0.92 percent to close at 323.15 on Friday on the BSE.
- SBI Cards and Payment Services Ltd.: The business declared a quarterly dividend of 2.50 per equity share with a face value of 10. It has established March 29, 2023 as the benchmark date. On March 29, 2023, the stock will trade ex-dividend.
With the share price as it is right now, this yields a dividend yield of 0.3%. The stock increased 0.28 percent to settle at $723 on Friday on the BSE.
- Brand Concepts: The business has announced an interim dividend of $0.50 per equity share with a face value of ten dollars. The record date has been specified by the corporation as March 30, 2023. On March 29, 2023, the stock will trade ex-dividend.
The stock’s BSE closing price on Friday was 210.40, down 3.90 percent.
- Angel One Ltd.: The business has announced its fourth interim dividend, which will be paid out at a rate of 9.60 per equity share with a face value of 10 shares for the fiscal year 2022–2023. The record date has been chosen by the corporation as March 31, 2023. On March 31, 2023, the shares will cease trading as a dividend.
2.39% dividend yield is the result at the current share price. The stock’s BSE closing price on Friday was 1134.15, down 4.09 percent.
- Crisil: The corporation has announced a 23 rupee interim dividend for the fiscal year 2022–2023. On March 31, 2023, the shares will cease trading as a dividend.
This yields a dividend yield of 1.57% at the current share price. On Friday, the stock’s BSE closing price was 3,050, a 2.23 percent decline.
- Indraprastha Gas Ltd.: The business announced an interim dividend for the fiscal year 2022–2023 at a rate of 10 per equity share. The record date has been chosen by the corporation as March 31, 2023. On March 31, 2023, the shares will cease trading as a dividend.
The dividend yield at the current share price is 1.27%. The stock lost 1.59% of its value on Friday, closing at $432 on the BSE.
