6 Stocks That Shall Turn Ex-Dividend This Week

Dividend are declared out of the company's profits which it deems suitable to distribute among its shareholders instead of reinvesting the same for expansion plans. Ex-date in respect of dividend or any other corporate action is the date when the stock adjusts in price with respect to the corporate action performed. In case of the dividend, the stock price gets adjusted for the dividend pay out.

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Likewise here are some stocks that shall get adjusted in price as their ex-dividend falls during the ongoing week.

1. Mishra Dhatu or MIDHANI: A public sector enterprise, was set up with a view of becoming self-reliant in production and supply of several super alloys, special steels, materials to Defence, other Strategic Sectors for Nuclear, aeronautical and Space applications. The company for its interim dividend of Rs. 1.56 or 15.6% will go ex-dividend tomorrow, while the record date is March 23, 2022.

2. BCL Industries: This small cap vanaspati and oils entity is into the business of extracting, manufacture and marketing of clarified butter and oil. The company is also into manufacturing vegetable, mustard, sunflower, cottonseed, soyabean and rice bran oils, clarified butter, oil cakes, stearic acid, acid oil, soap stock, and other products. For the Fy 22, the company has announced interim dividend of Rs. 2 for which the stock shall turn ex-date on March 22, 2022.

3. Mold Tek Technologies: Previously, Mold Tek also known as Mold Tek Plastics is among the leading manufacturers of injection as well as blow moulded plastic items in India. The company for the Fy22 has declared a dividend of 85% or Rs. 1.7 per share for which the stock shall turn ex-dividend on March 23, 2022, while the record date is March 24, 2022.

4. All Cargo Logistics: This small cap logistics and transport firm offers services including inbound & outbound consolidation, multi-city consolidation, FCL forwarding, airfreight forwarding activities, project cargo handling and transportation and CFS operations. The company also is in the business activities of Container Freight Station, Project & Engineering Solutions, Multimodal Transport Operations. For the Fy22, the company announced interim dividend of Rs. 3 per share for which the stock shall turn ex-date on March 24.

5. Bharat Electronics: This defence sector large cap company announced an interim dividend of Rs. 1.5 per share. The ex-date for the same is March 24, 2022, while record date is March 26, 2022. Earlier also for the ongoing Fy, the company announced Rs. 1.5 dividend per share for which the stock turned ex-dividend on February 9, 2022.

6. Rites: This government of India enterprise is a multi-disciplinary consultancy organization in the fields of transport, infrastructure and related technologies. The company has declared an interim dividend of Rs. 7.5 per share or 75% for which the ex-date is March 24, 2022 and the record date is March 25, 2022.

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