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2 Stocks To Trade Ex-Dividend Next Week: Details Inside

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Investors who want to generate passive income from stocks look for companies that have a long track record of paying out dividends on a regular basis, either in cash or in the form of additional shares. While we're on the subject of dividend stocks, shareholders of IDFC Ltd, and Nestle should be aware that the stocks will trade without the value of their dividend payment in the coming week, which may cause the share price to adjust as the ex-dividend date approaches.

 

IDFC Ltd

IDFC Ltd

IDFC Ltd announced an interim dividend of 10% i.e. Rs. 1 per equity share of the firm, on April 6, 2022, with a record date of April 20, 2022, implying that the stock would trade ex-dividend on April 19, 2022. On or after May 1, 2022, the interim dividend will be paid to eligible shareholders.

"We wish to inform you that the Board of the Directors of the IDFC Limited ('IDFC' or 'the Company') at its meeting held today i.e. April 06, 2022 has considered and declared an Interim Dividend of 10% i.e. Rs. 1 per equity share of the Company. Please note that the Interim Dividend, shall be payable to all those equity shareholders, whose names appear in the Register of Members of the Company as at close of day on April 20, 2022, being the record date for the purpose of the aforesaid Interim Dividend," the company have said in an exchange filing.

Nestle India
 

Nestle India

The company authorised an interim of Rs. 25 at its board meeting on April 11, 2022, with a record date of April 22, 2022, indicating that the company's shares would go ex-dividend on April 21, 2022. The company on 11th April 2022 have said in an exchange filing that "This is to inform you that the Board of Directors at their meeting held today declared an Interim Dividend of Rs. 25/- (Rupees twenty-five only) per equity share of Rs. 10/- each for the year 2022 on the entire issued, subscribed and paid-up share capital of the Company of 9,64,15,716 equity shares of the nominal value of Rs. 10/- each. Interim Dividend for the year 2022 will be paid on and from 6th May 2022 alongwith the final dividend for 2021, if approved by the shareholders at the 63rd Annual General Meeting scheduled to be held on 12th April 2022, to those members whose names appear on the Register of Members of the Company and as beneficial owners in the Depositories, as on the Record Date fixed for the purpose i.e., 22nd April 2022."

Dividend Payment Date

Dividend Payment Date

CompaniesDividendEx-dateRecord dateDividend payment date
IDFC LtdInterim dividend of Rs 1April 19, 2022April 20, 2022On or after May 1, 2022
Nestle IndiaInterim dividend of Rs 25April 21, 2022April 22, 2022On and from 6th May 2022

Read more about: dividend
Story first published: Sunday, April 17, 2022, 16:19 [IST]
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