These Dividend Stocks Turn Ex-Date on Monday, July 14: Persistent Systems, R R Kabel, Wendt, and More

On Monday, seven listed companies, including Wendt, Persistent Systems, and R R Kabel, and four more stocks will turn ex-dividend. This means shareholders must have bought the shares of these dividend paying stocks by Friday, July 11, to qualify for the dividends, in accordance with India's T+1 settlement cycle. Under India's T+1 settlement rule, investors must purchase the stock at least one trading day prior to the record date to be eligible for the dividend. For all the companies listed below, the record date is July 14, which means investors had to buy by July 11th.

Top Dividend Stocks Going Ex-Date on July 14

1. Persistent Systems

Persistent Systems has announced a final dividend of Rs. 15 per share for FY 2024-25. This is in addition to the Rs. 5 paid earlier this year, bringing the total 12-month dividend to Rs. 20 per share. At its closing price of Rs. 5,563.00 on July 11, the dividend yield stands at 0.35%. Though the stock declined 2.07% that day.

2. R R Kabel

R R Kabel, operating in India's wire and cable industry, has declared a Rs. 3.50 per share final dividend. The stock closed at Rs. 1,327.70 on July 11, and the dividend yield based on the current price is approximately 0.41%. The stock has experienced a 25.21% decline over the past year.

3. Wendt (India)

Wendt (India), which specialises in superabrasive grinding solutions, has declared a Rs. 20 per share final dividend. Its stock saw a strong rally on July 11, closing at Rs. 11,233.00, up 5.41% in a single day and 17.64% over the past week. The company is known for its niche industrial focus and high-value dividend payouts.

4. Bimetal Bearings

Bimetal Bearings will trade ex-dividend for an Rs. 13 per share payout. This lesser-known but stable player in the auto components sector saw its stock close at Rs. 682.65 on July 11, up 1.26% for the day.

5. GHCL Textiles

GHCL Textiles, a textile firm known for its high-quality yarns like GIZA and SUPIMA, has declared a Rs. 0.50 per share dividend. The stock closed at Rs. 90.50 on July 11, with a 2.65% daily loss and a 4.09% decline over the past five days.

6. Craftsman Automation

Craftsman Automation, which provides engineering solutions for the automotive and industrial sectors, has declared a Rs. 5 per share dividend. Its stock price declined 0.23% at Friday's closing at Rs. 5,939.00 and also jumped 19.38% in the last six months.

7. Super Sales India

Super Sales India has announced a Rs. 2.50 per share final dividend. The company, which operates in yarn marketing and engineering services, saw a slight rise of 0.33% on July 11, closing at Rs. 929.00.