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3 Company Stocks To Turn Ex-Dividend Next Week: Check If You Own Them

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Dividend is an additional income source for shareholders in a company scrip and it is paid from time to time by listed companies in order to reward their shareholders.

 
3 Company Stocks To Turn Ex-Dividend Next Week: Check If You Own Them

Concept of ex-dividend date

On this date or day, the price of the equity stock of the company declaring dividend gets adjusted for the dividend pay out. It is usually one working day before the record date. Stock exchanges determine and inform about this date. Record date on the other hand is the date proposed by Board of Directors to determine name of the eligible shareholders for dividend. There is needed a minimum gap of 5 working days between the dividend declaration and record date.

1. Rail Vikas Nigam:

1. Rail Vikas Nigam:

Rail Vikas (RVNL) on June 29, 2021 announced a final dividend of Rs. 0.44 per share for which the stock shall turn ex-dividend on November 30. Record date for the same is December 2, 2021. Notably, record date is the date on which the company declaring dividend decides on the shareholders who are eligible to receive the announced dividend. Payment date for this dividend could be January 7, 2022.

For the year ending March 2021, Rail Vikas Nigam has declared an equity dividend of 15.80% amounting to Rs 1.58 per share. At the current share price of Rs 36.5 this results in a dividend yield of 4.37% which is quite attractive.

RVNL is a Category-I Mini Ratna CPSE under the Ministry of Railways, Government of India. The company was incorporated in the year 2003 with the twin objectives of raising extra-budgetary resources and implementation of projects relating to creation and augmentation of capacity of rail infrastructure on fast track basis.

2. Tiger Logistics:
 

2. Tiger Logistics:

Transport and Logistics firm, Tiger Logistics in its board meet on November 22 has declared an Interim Dividend of Re. 1 per equity share of the face value of Rs.10/- each i.e.10% for the Financial Year 2021-2022. The Company has fixed 2nd of December, 2021 as the Record Date. "The Interim Dividend will be paid on or before 21 December, 2021", said the company's release.

This is a small cap company with latest m-cap at Rs. 180 crore. Based out of New Delhi, the company was founded in the year 2000. Tiger Logistics is engaged in offering third party logistics services to corporate and multinational companies in India and internationally. The company's range of services include ocean and air freight forwarding services; project cargo handling services; custom clearance services comprising handling and execution of customs brokering, documentation, and inland clearance; and warehousing and transportation services, as well as supply chain management services. The clientele's served by the company are from varied industries including automotive and engineering, aviation, agri and perishable products cargo, consumer durables and retail, and chemicals and hazardous industries.

3. Bajaj Steel Industries Ltd:

3. Bajaj Steel Industries Ltd:

Dividend date or ex-dividend date for the final dividend of 60% amounting to Rs. 3 per share announced on June 29 is December 2, 2021 (Thursday). Note record date for the said dividend is December 4, 2021. Bajaj Steel will be paying off this dividend by January 14, 2022.

In the previous year ending Fy 21, the dividend rate was the same at 60% with dividend amount being Rs. 3 per share, translating into a dividend yield of 0.34 percent.

Disclaimer:

Disclaimer:

Note in the story we have simply collated the stocks that are to turn ex-dividend next week and so soon will be crediting the declared dividend amount into the eligible shareholders' account. Furthermore, story should not be construed as an investment advice into these stocks simply because of the dividend payout.

GoodReturns.in

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