600% Dividends: NHPC And 5 Smallcap Stocks Trade Ex-Dividend On February 22; Do You Own Any?

A total of six stocks traded as ex-dividend on February 22. The most popular among them is Maharatna powerhouse NHPC, while the highest dividend payout is 600% by Tide Water Oil. While other stocks are Sunshield Chemicals, AVT Natural Products, AK Capital Services, and Gujarat Themis Biosyn. Except for NHPC, all other stocks are smallcaps. However, all stocks are in the red tracking volatile market trend.

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. They 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.

Notably, the ex-dividend date is the same as the record date to determine eligible shareholders for these companies' latest dividend payout.

NHPC Dividend:

At the time of writing, NHPC's share price traded at Rs 91.78 apiece, down by 0.98% on BSE with a market cap of Rs 92,183.28 crore. In a year, the stock has gained by 137%, becoming a multi-bagger.

NHPC turned ex-dividend on Thursday for an interim dividend of 14% amounting to Rs 1.40 per share on the face value of paid-up equity shares of Rs 10 each for FY24. The interim dividend shall be paid/ dispatched within the period as stipulated in the Companies Act, 2013.

Maharatna, NHPC Limited is the largest hydropower development organization in India, with capabilities to undertake all the activities from conceptualization to commissioning of hydro projects. NHPC has also diversified in the field of Solar & Wind energy development etc.

Tide Water Oil (India) Dividend:

Tide Water also traded in red at Rs 1713 apiece, down by 0.50% on BSE with a market cap of Rs 2,984.73 crore. In a year, the stock has zoomed by 84%.

The company is paying a second interim dividend of 600% amounting to Rs 12 per share of face value of Rs. 2/- each) for the financial year 2023-24. This dividend shall be paid within 30 days of the date of declaration (i. e. within Thursday, 13 March, 2024).

Tide Water Oil Co. (India) Ltd., owner of the brand Veedol, is a leading manufacturer and marketer of quality lubricants in over 65 countries around the globe. In India, it has been catering to both automotive and industrial segments since 1928.

AK Capital Services Dividend:

AK Capital traded at Rs 1082 apiece, down by 1.04% on BSE with a market cap of Rs 714.12 crore. In a year, the stock zoomed by 149% on BSE as of now.

The company has declared an interim dividend of Rs 8 per share of face value of INR 10/- (Indian Rupees Ten) each for the financial year 2023-24. The dividend would be paid to the eligible shareholders within 30 days from the date of declaration of interim dividend, i.e., on or before March 7, 2024, through various online modes or any other permissible modes of payment. In percentage terms, the dividend payout is 80%.

A.K. Group, one of the most trusted Bond houses in India, is a comprehensive financial conglomerate aimed at providing the most competent solutions to its clients.

AVT Natural Products Dividend:

On BSE, AVT Natural traded at Rs 108.37 apiece, broadly flat with a market cap of Rs 1,650.30 crore. AVT Natural share surged by 21% on BSE in a year.

AVT has declared an interim dividend of Re. 0.30 per equity share (30 %) on the face value of Re.1/- each, for the Financial year 2023-24.

AVT Natural is part of the A.V. Thomas Group, a diversified, family-owned group of companies with interests in Plantations, Spices, Natural Ingredients, Consumer products, Leather goods, and Medical Devices.

Gujarat Themis Biosyn Dividend:

The company's stock performed at Rs 340 apiece, marginally lower on BSE with a market cap of Rs 2,469.88 crore. In a year, Gujarat Themis gained by 150% on BSE.

The company declared an interim dividend for the Financial Year 2023-24 of Rs 0.75/- per equity share having a face value of ₹ 1/- i.e. 75.00% aggregating to Rs 5,44,82,632.50.

Incorporated in 1981 as a joint sector company with GIIC Ltd. and Chemosyn (P) Ltd. Commenced production in August 1985 by producing Erythromycin and Erythromycin salts and formulations. The Company was taken over in June 1991 by Pharmaceutical Business Group (India) Ltd. (PBG); a unique consortium of five competing drug Companies - Themis Medicare Ltd., Kopran Ltd., Anant & Co., Cadila Health Care Ltd. (Zydus) and Lyka Labs Ltd.. The Company entered into Technical & Financial collaboration with Yuhan Corporation, South Korea. With Yuhan's know-how, GTBL became India's first Company to start commercial production of the Anti-tuberculosis drug Rifampicin.

Sunshield Chemicals Dividend:

Just like the above stocks, Sunshield traded at Rs 870 apiece, also down by 1.09% with a market cap of Rs 639.72 crore. In a year, the stock has zoomed by 63% on BSE.

Sunshield declared an interim dividend of Rs 1.20/- per equity share of Rs. 10/- each for the financial year 2023-2024.

Sunshield Chemicals Ltd. was established in 1986. It was acquired by Indus Petrochem Limited in 2021, an organization with several years of experience in Chemical Sales and Marketing. Sunshield is a leading manufacturer and exporter of Surfactants and Antioxidants.