On August 12, Monday, shares of seven companies will trade ex-dividend, marking the record date for dividend entitlements. This includes notable firms such as ICICI Bank, NHPC, India Pesticides, and UPL, among others. The declaration of interim and final dividends by these companies will attract investor attention as they adjust their portfolios for these dividend payouts.
Stocks Trading Ex-Dividend:
ICICI Bank Ltd
Dividend: ₹10.00 per equity share (Final for FY 2024)
Recent Performance: ICICI Bank reported a nearly 10% increase in consolidated net profit to ₹11,696 crore for the first quarter ended June 30. Despite a slowdown in core income growth, treasury
operations contributed to a 14.62% rise in standalone post-tax profit to ₹11,059 crore.
NHPC Ltd
Dividend: ₹0.50 per equity share (Final for FY 2024)
Recent Performance: The state-owned hydro power giant saw a marginal rise in consolidated net profit by over 1% to ₹1,108.46 crore for the June 2024 quarter. Total income increased slightly to ₹3,037.92 crore compared to ₹3,010.22 crore in the same period last year.
India Pesticides Ltd
Dividend: ₹0.75 per equity share (Final for FY 2024)
Recent Performance: India Pesticides reported a 26.23% rise in net profit to ₹20.06 crore for the June 2024 quarter, up from ₹15.89 crore in the same period last year. Net sales grew by 9.4% to ₹220.36 crore from ₹201.44 crore.
Styrenix Performance Materials Ltd
Dividend: ₹28.00 per equity share (Final for FY 2024)
Recent Performance: Styrenix’s promoter, Shiva Performance Materials, divested a 16.5% stake for ₹540 crore through an open market transaction on June 27.
UPL Limited
Dividend: ₹1.00 per equity share (Final for FY 2024)
Recent Performance: UPL, an agrochemicals maker, reported a consolidated net loss of ₹384 crore for the June quarter of FY25, compared to a profit of ₹166 crore in the previous year.
Computer Age Management Services Ltd (CAMS)
Dividend: ₹11.00 per equity share (Interim for FY 2024)
Recent Performance: CAMS, a registrar and transfer agent for mutual funds, reported a 42% increase in profit after tax to ₹108.21 crore for the three months ended June 2024. Revenue surged 27% to ₹331.40 crore.
Rossell India Ltd
Dividend: ₹0.30 per equity share (Final for FY 2024)
Conclusion:
As these companies announce their dividend payouts, investors will need to adjust their strategies to reflect the ex-dividend status of these stocks. The financial performance and dividend declarations provide insights into the companies’ current operational health and shareholder returns, offering key considerations for investment decisions.
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