Up To 515% Dividend Payout: Asian Paints, NTPC, RailTel, 2 Other Stocks Trade Ex-Dividend On November 3

Five stocks from diverse segments like paints, telecom, power and consumer goods, are trading ex-dividend on Friday, November 3, 2023. These are Asian Paints, NTPC, RailTel Corporation, Route Mobile and Symphony. The ex-dividend date is the day when the price of the equity share of the listed company gets adjusted for the dividend payout.

These stocks are trading ex-dividend for either the first or second interim dividend payout for FY24. The ex-date is also the same as the record date where these companies will identify eligible shareholders for the benefits.

They have declared dividends in the range of 10% to as high as 515%. general terms, dividends are distributed also in a certain proportion by listed companies from their net profits earned in a respective financial year.

Asian Paints Dividends:

India's largest paint company in terms of market share, Asian Paints announced an interim dividend of Rs 5.15 per share of the face value of Re 1 each for the financial year ending 31st March 2024. In percentage terms, the payout would be 515% and is expected on or after Monday, 13th November 2023.

Coming to the healthy quarterly earnings, Asian Paints reported a consolidated net profit of Rs 1,205.4 crore in Q2FY24, rising by 54% YoY. While consolidated revenue was marginally up to Rs 8,451.9 crore. Going ahead, the company's focus remains on growing the decorative and home décor segment as well and strong traction from the auto & industrial segment bodes well.

Asian Paints shares were up by 0.7% to end at Rs 2,955.70 apiece after market hours of Thursday's trade on BSE. The company's market cap stood at Rs 2,83,510.09 crore.

NTPC Dividends:

Indian Central Public Sector Undertaking, NTPC has declared the first interim dividend at the rate of 22.5% amounting to Rs 2.25 per share at the face value of Rs 10 each for FY24. The dividend payout will be on November 23, 2023.

In FY23, the company paid a total dividend of 72.50% amounting to Rs 7.25 per share.

The company reported a consolidated net profit of Rs 4,726.4 crore in its second quarter, marking a 38.3% increase compared to the same period the previous year. Total revenue stood at Rs 44,983.35 crore in the September 2023 quarter, demonstrating a 1.8% increase from the corresponding quarter of the previous fiscal year.

On BSE, NTPC shares ended at Rs 235.20 apiece, up by 1.07% after market hours of Thursday ahead of its ex-dividend date.

RailTel Corporation India Dividends:

Mini Ratna PSU company, RailTel has declared an interim dividend at the rate of 10% of paid-up share capital (Rs. 1/- per share). In the financial year 2022-23, the company paid 25.50% dividend amounting to Rs 2.55 per share to its shareholders.

In Q2FY24, the company earned a net profit of Rs 68.15 crore, attributable to the owners, as against a PAT of Rs 55.24 crore in Q2FY23. Also, revenue from operations stood at Rs 599.15 crore in Q2FY24, as against Rs 440.09 crore in the same quarter a year ago.

Ahead of the ex-dividend date, RailTel shares rallied by a whopping 5.22% to end at Rs 232.75 apiece on BSE after market hours of Thursday.

Route Mobile Dividends:

Telecom services provider, Route Mobile has declared a second interim dividend of Rs 3 per share having a face value of Rs 10 each. The dividend will be paid to the Members on or before November 23, 2023. In percentage terms, this dividend payout will be 30%.

The first interim dividend payout would be Rs 2 per share (20%) for FY24. The company paid a total of 110% dividends amounting to Rs 11 per share in FY23.

On BSE, Route Mobile shares ended at Rs 1566 apiece, marginally up on Thursday compared to the previous session's print. Its market cap stood at Rs 9,806.45 crore.

Route Mobile recorded growth across verticals in Q2FY24. The company's consolidated PAT jumped to Rs 88.35 crore as against Rs 72.63 crore in Q2FY23. While revenue from operations stood at Rs 1,014.61 crore as against Rs 845.84 crore in Q2FY23.

Symphony Dividends:

Consumer electronics maker, Symphony declared a second interim dividend of Rs 2 per equity share or 100% on face value of Rs 2 each for FY24. The said interim dividend shall be payable to the shareholders on or before November 25, 2023.

Earlier, the company paid the first interim dividend of Re 1 each or 50% to shareholders for FY24. In the previous financial year FY23, the company paid a total dividend of 250% amounting to Rs 5 per share.

During the July to September 2023 quarter, Symphony posted a net profit of Rs 35 crore on a consolidated basis, up by over 10% from Rs 32 crore in the same quarter a year ago. Revenue from operations stood at Rs 275 crore, broadly flat against a revenue of Rs 274 crore in Q2FY23. EBITDA Margin improved on a YoY basis to 15.5%, despite negative operating leverage.

Ahead of the ex-dividend date, Symphony shares were at Rs 841.65 apiece, up by 0.83% on BSE with a market cap of Rs 5,803.77 crore.