200% To 2200% Dividend Payout; Colgate, MPS, Shriram Finance Are 3 Stocks To Trade Ex-Dividend On November 6

Dividend King Stocks: Three high dividend-paying stocks namely Colgate Palmolive, MPS and Shriram Finance are set to trade ex-dividend on Monday, November 6, 2023. These stocks will pay dividends in the range of 200% to as high as 2200%. Accordingly, their share prices will be in focus.

The ex-dividend date is the day when the price of the equity share of the listed company gets adjusted for the dividend payout.

Colgate Palmolive (India) Dividends:

This FMCG giant is among dividend king stocks and has paid a whopping 3,900% dividends amounting to Rs 39 per share in FY23. For the current fiscal FY24, the company declared its first interim dividend of Rs 22 per share or 2,200% having a face value of Re 1 each.

The first interim dividend has a record date of November 6th to determine eligible shareholders, while the payout will be carried on or from November 21, 2023.

In the second quarter of FY24, Colgate's net profit after tax witnessed a growth of 22.3% at Rs 340 crore, as compared to the net profit of Rs 278 crore for the corresponding quarter in the previous year. EBITDA margins continue to improve, up 120 bps versus the sequential quarter and up 340 bps versus the prior year quarter driven by pricing and efficiencies.

Also, Colgate reported a 6.1% increase in net sales for the
second quarter, reaching Rs. 1,462.4 crore as of September 30, 2023, compared to the same period in the previous year. Domestic growth was reported at 6.6% for the quarter.

On BSE, Colgate's share price ended at Rs 2,104.05 apiece, down by 0.98% during last week's Friday session.

Shriram Finance Dividends:

The NBFC player declared an interim dividend of Rs 20 per equity share of face value Rs 10/- each fully paid up for the Financial Year 2023-24, subject to deduction of tax at source, if any, to be paid to those members whose name appears in the Register of Members of the Company as on Monday, November 6, 2023 being the Record Date, for payment of interim dividend.

In percentage terms, the dividend payout will be 200%.

The interim dividend payout will be made to eligible shareholders on or before Saturday, November 25, 2023.

In the previous financial year (FY23), the company paid a total dividend of 350% amounting to Rs 35 per share.

In Q2FY24, the company posted a net interest income (NII) of Rs 4,818.18 crore, up by 17.38% from Rs 4,104.86 crore in the same quarter a year ago, PAT jumped by 12.59 % and stands at Rs 1,750.84 crore as against Rs 1,555.11 crore recorded in the same period of the previous year.

Total Assets under Management as of 30th September 2023 increased by 19.65% and stood at Rs 202,640.96 crore as compared to Rs 169,359.08 crore as of 30th September 2022 and Rs 193,214.67 crore as of 30th June 2023.

Ahead of the ex-dividend date, Shriram Finance's share price touched a new 52-week high of Rs 2,028.20 apiece, before ending at Rs 2,013.70 apiece, up by 3.02% on BSE during last week's Friday session.

MPS Dividends:

The company's board declared the first interim dividend of Rs 30 per share having a face value of Rs 10 each for FY24. The record date to determine eligible shareholders is fixed on November 6, 2023. The same shall be paid on or before November 25, 2023. In percentage terms, the dividend payout will be 300%.

In the financial year 2022-23, the company paid a total dividend of 200% amounting to Rs 20 per share.

During Q2FY24, the company registered a net profit of Rs 30.03 crore, higher from Rs 26.85 crore in Q2FY23. While revenue increased marginally to Rs 129.46 crore in Q2FY24, as against Rs 125.60 crore in Q2FY23. EBITDA stood at Rs 129.57 crore, up from Rs 126.60 crore in Q2FY23. However, EBITDA margins contracted to 31.30% as against 31.77% in Q2FY23.

Last week, on Friday, MPS shares stood at Rs 1,532.90 apiece on BSE, up by 1.04%.