30% To 1050% Dividends: 7 Stocks To Trade Ex-Dividend On November 16; Do You Own Any?

A total of 7 stocks will be in focus on Thursday for trading ex-dividend. These are Bayer Cropsciences, Cigniti Technologies, Container Corporation of India, MSTC, Power Grid, Saksoft, and Sundaram Fastener. Accordingly, their shares will move to BSE and NSE.

Here are the details of their dividend payout:

1. Bayer CropScience: The agri firm revised its record date for the interim dividend of Rs 105 per share to November 16 from earlier November 11. The dividends will be paid on a face value of Rs 10 each. In percentage terms, the payout is about 1050% for FY24.

2. Cigniti Technologies: The company will pay an interim dividend of 30% amounting to Rs 3 per share to its shareholders ahead.

3. ConCor: The company will trade ex-dividend for the second interim dividend to the tune of 60% valuing to Rs 3 per share. It has a dividend yield of 1.46%.

4. MSTC: This CPSE will trade ex-dividend for an interim dividend of 55% amounting to Rs 5.50 per share for FY24.

5. Power Grid: This power company is set to pay up to 40% interim dividend which comes to around Rs 4 per share to its investors.

6. Saksoft: It will pay an interim dividend of Rs 0.40 per share or 40% ahead.

7. Sundaram Fastener: The stock will trade ex-dividend for a 268% dividend payout which comes to around Rs 2.68 per share.

What are dividends? Dividends are generally distributed in a certain proportion by listed companies from their net profits earned in a respective financial year. Dividends are among many rewards that are paid for holding equity shares. Other incentives are bonus issues and stock split benefits.

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

How To Be Eligible For These Rewards Given By Nestle:

To be eligible for these benefits of these rewards, you must ensure to do two things. Firstly, maintain ownership of thee shares and secondly keep track of the benefits.

On its website, in generic terms, Motilal Oswal explained the steps to be eligible for dividends. These are:

Maintain Ownership: Hold onto your company stock shares and avoid selling them before the ex-dividend date.

Stay Informed: Keep track of the company's dividend announcements, ex-dividend dates, and record dates to plan your investment strategy accordingly.

In the case of these, the shares is turning ex-dividend on November 16 which is also their record date. This date is important to avail the dividend benefits.

Disclaimer: The recommendations made above are by market analysts and are not advised by either the author nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.