4 Big Stocks That Will Go Ex-Dividend Today, Do You Own Any?

A total of 4 leading stocks are set to go ex-dividend tomorrow. Ex-dividend day is the date when the stock goes ex-dividend which implies that the stock does not carry the value of its next dividend payment. The ex-dividend date holds great significance for an investor as it gets finalized at the date on which the shareholder will obtain the declared dividend payment.

Meanwhile, tomorrow Orient Cement Ltd., Mahindra & Mahindra Financial Services Ltd., Hindustan Zinc Ltd., and Tata Metaliks Ltd. will go ex-dividend. Check the details below:

Name of the company	Dividend percentage	Record Date	Ex-Dividend Date
Orient Cement Ltd.	175% or Rs 1.75 per equity share		20/07/2022
Mahindra & Mahindra Financial Services Ltd.	180% or Rs 3.60 per equity share		20/07/2022
Hindustan Zinc Ltd.	1050% or Rs 21 per equity share	21/07/2022	20/07/2022
Tata Metaliks Ltd.	80% or Rs 8 per equity share		20/07/2022

1. Orient Cement Ltd

The board of the directors of the company approved a final dividend of Rs 1.75 or 175% per equity share for the financial year ended March 31, 2022. The stock will go ex-dividend tomorrow. Established in 1979, Orient Cement was formerly, a part of Orient Paper & Industries. It was demerged in the year 2012 and since then, it has emerged as one of the fastest growing and leading cement manufacturers in India.

2. Mahindra & Mahindra Financial Services Ltd

The board of directors of the company recommended dividend of Rs. 3.60 per equity share of face value of Rs. 2 each (i.e. 180%) for the financial year ended 31st March 2022. Tomorrow is the ex-dividend date. Mahindra Finance began as a captive financier of Mahindra Utility Vehicles in the early 90s. From Mahindra UVs to tractors to non-Mahindra products, the company has diversified into a financial services provider with a whole suite of financial solutions tailored to the under-served customer in under-penetrated rural markets, according to its website.

3. Hindustan Zinc Ltd

The Vedanta Group Company, has fixed record date as July 21 to pay an interim dividend of 1050% or Rs 21 per share. The stock will go ex-dividend tomorrow or July 20, 2021. The board of directors in their BSE filing stated, "In continuation to our letter dated July 08, 2022 and pursuant to Regulation 30 of Listing Regulations, we wish to inform you that the Board of Directors of the Company through resolution passed by circulation on Wednesday, July 13, 2022 have approved Interim Dividend of ~ 21 per equity share i.e. 1050% on face value of~ 2/- per share for the Financial Year 2022-23 amounting to~ 8873.17 Crores. The record date for the purpose of payment of interim, as already communicated is Thursday, July 21, 2022. The interim dividend will be paid within stipulated timelines as prescribed under law."

The Company has its Headquarter at Udaipur in the State of Rajasthan where it has its Zinc-Lead mines and smelting complexes. Hindustan Zinc is self-sufficient in power with captive thermal power plants and has ventured into green energy by setting up wind power plants.

4. Tata Metaliks Ltd

It has declared an equity dividend of 80% or Rs 8 per share on April 22, 2022. Tomorrow the stock will go ex-dividend. The board of directors in the BSE filing said, "We are pleased to inform you that the Board of Directors at its meeting held on April 22, 2022 recommended a dividend of ₹8 per Equity Share of ₹ 10/- each for the Financial Year ended March 31, 2022."

A subsidiary of Tata Steel, Tata Metaliks has its state-of-the-art manufacturing plant at Kharagpur, West Bengal, India which produces the finest quality of pig iron and ductile iron pipes in India. The plant's annual hot metal production capacity is 500,000 tonnes out of which 200,000 tonnes is converted into Ductile Iron (DI) pipes and 300,000 tonnes into pig iron.