5-150% Dividend Payout Soon: 6 Major Stocks To Trade Ex-Dividend Next Week; Check List

A total of six stocks will trade ex-dividend during the trading session from March 11th to March 15. These stocks are Wonder Electricals, Autoriders International, IIFL Securities, India Gelatine & Chemicals, ISMT and Kisloskar Ferrous Industries. Generally, dividends reflect a company's potential and ability to share a portion of its net profits from the respective financial year with its shareholders.

Dividends are paid to those eligible shareholders who hold the dividend-paying stock at the specified date. But notably, dividends vary into three categories, interim, special and final.

1. Wonder Electricals Ltd Dividend:

Wonder Electricals announced its first interim dividend at the rate of 10% (₹1.00/- per equity share) on the face value of paid-up equity shares of ₹10/- each for the financial year 2023-24.

The record date is fixed on March 14, 2024. The interim dividend shall be paid/ dispatched within the period as stipulated in the Companies Act.

Wonder Electricals' principal business is providing 'one-stop-shop' solutions to companies in the fan manufacturing industry in India. Also, the company offers end-to-end product solutions under two business models, i.e., the OEM and ODM.

2. Autoriders International Ltd Dividend:

Autoriders announced Interim Dividend at the rate of 5% (Five Percent) i.e. Re. 0.50 per Equity Share bearing a Face Value of Rs. 10/- each for the financial year 2023-24. The total payout of the Interim Dividend is Rs. 2,45,070. The record date is March 15 for determining eligible shareholders.

Autoriders International Ltd. a part of Autoriders Group - was established in 1994, to offer premium car rental services in India.

3. IIFL Securities Ltd Dividend:

Leading financial services provider, IIFL Securities has recommended an interim dividend of Rs. 3/- per equity share of the face value of Rs. 2/- each (i.e. 150%) for the financial year 2023-2024. The record date for the said purpose is March 15, 2024. The said interim dividend shall be paid/dispatched on or before March 30, 2024.

IIFL Securities is one of the key capital market players in the Indian financial services space. IIFL Securities along with its subsidiaries offers advisory and broking services, financial products distribution, institutional research and investment banking services.

4. India Gelatine & Chemicals Ltd Dividend:

The company announced an interim interim dividend of 100% ( Rs 10.00 per fully paid-up equity share of Rs 10 /- each) for the Financial year 2023-24.

March 15 was the record date fixed for determining the list of eligible members for the payment of Interim dividends. The interim dividend will be paid within stipulated timelines as prescribed under law.

IGCL's superior product line is fit for consumption in halal and international markets, which has paved the way for export to the USA, the EU, Japan, Korea, Middle Eastern countries and Indonesia, amongst others.

5. ISMT Dividend:

ISMT declared an interim dividend of Rs 0.50 per share of Rs 5 each (i.e. 10 per cent) for the financial year 2023-2024. The Record Date has been fixed as Saturday, 16 March 2024 for ascertaining the list of members entitled to the Interim Dividend. But since March 16 is a holiday Saturday, the stock will turn ex-dividend on March 15.

ISMT Limited, IPP's parent company is a leading integrated manufacturer of engineering steels and seamless tubes. At IPP, the company seeks to combine ISMT's raw material strengths with our machining capabilities to offer you a single window interface for all your requirements of tubular components.

6. Kirloskar Ferrous Industries Dividend:

The company declared an interim dividend of Rs 3 per equity share of Rs 5 each (i.e. 60 per cent) for the financial year 2023-2024. The Record Date has been fixed as Saturday, 16 March 2024 for ascertaining the list of members entitled to the Interim Dividend. But the stock will turn ex-dividend on March 15.

Kirloskar Ferrous Industries Limited is one of the fastest-growing companies in the business of Pig Iron and Iron casting.