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5 Stocks That Shall Turn Ex-Dividend Next Week
Investing in dividend stocks is a fantastic way to mitigate inflation and develop wealth over time thanks to compounding, allowing you to meet your passive income demands. However, one should seek companies with a strong track record of delivering high dividend yields, and a company's balance sheet and other financial records would assist an investor to determine the company's dividend payment history. When it comes to dividend payments, one should take into account the record date and ex-date. The record date is the day on which you must be on the company's books of record as a shareholder in order to receive the dividend. If you purchase a stock on or after the ex-dividend date or ex-date which is one business day before the record date, you will not be eligible to receive the dividend payout. So, in the first week of May, here are the five stocks to watch today that will go ex-dividend next week.
Gateway Distriparks
On April 26, 2022, the company's Board of Directors announced standalone and consolidated financial results for the quarter/year ended 31 March 2022, as well as confirmed the payment of the first interim dividend of Rs. 1.25 per equity share of Rs.l0/- each @12.5 per cent, to shareholders for the fiscal year 2022-23. The dividend record date has been scheduled for May 5, 2022, and the stock will go ex-dividend on May 4, 2022.
The company informed BSE by saying that "This is to inform you that the Board of Directors approved the payment of First Interim Dividend of Rs. 1.25 per equity share of Rs.l0/- each (@12.5%), for the financial year 2022-23 to the shareholders. The record date for the Interim Dividend is Thursday, 5th May 2022. The interim dividend will be paid to the shareholders within 30 days from the date of declaration."
On Friday, the stock closed at a market price of Rs 74.65, a -0.55 (-0.73 per cent) drop from the previous closing of Rs 75.20.
Sarda Energy & Minerals Ltd
On April 23, 2022, the company's Board of Directors made a proposal for declaration of interim dividend @ Rs. 7,50 per share to the shareholders for the fiscal year 2021-22, as well as approval of buyback of shares. The record date for dividend and buyback has been set for Friday, 6th May 2022 and the stock shall turn ex-dividend on 5th May 2022.
"This is to inform you that the Board of Directors of the Company at their meeting held on 23rd April 2022, has approved payment of interim dividend for the F.Y. 21-22 @ Rs. 7,50 per share to the shareholders as per their entitlement," the company has said in an exchange filing.
For the purpose of buyback of shares, the company has informed BSE by saying that "This is to inform you that in compliance with the Articles of Association of the Company, Section 68, 69 of the Companies Act, 2013 and rules framed thereunder, to the extent applicable and SEBI (Buy- back of Securities) Regulations, 2018, the Board of Directors of the Company at its meeting held on 234 April 2022 has approved the Buy-back of upto 8,11,108 (eight lakh eleven thousand one hundred and eight) Equity Shares of face value of Rs.10/- each at a price of %1,500/- per Equity Share aggregating to an amount not exceeding Rs. 121.67 crores (Rupees one hundred twenty-one crore and sixty-seven lakh)."
Pre-Buyback and Post Buyback shareholding pattern of the Company
| Category of shareholder | Pre-Buy back | Post-Buy back | ||
|---|---|---|---|---|
| No. of Equity Shares | % of shareholding | No. of Equity Shares | % of shareholding | |
| Promoter and promoter group | 26134360 | 72.5 | 25546337 | 72.5 |
| Public | 9914875 | 27.5 | 9691790 | 27.5 |
| Total | 36049235 | 100 | 35238127 | 100 |
| Source: Sarda'Enérgy & Minerals Ltd |
On Friday's closing session the stock closed at a market price of Rs 1,203.25 compared to the previous close of Rs 1225.80 a fall of -22.55 (1.84%).
Colgate Palmolive Ltd
At its meeting held on April 28, 2022, the Board of Directors of Colgate-Palmolive India Ltd authorised the distribution of an interim dividend of Rs. 21/- per equity share of Re.1/- (face value) for the fiscal year 2021-22. The record date has been set by the company as Saturday, May 07, 2022 and the abovementioned interim dividend will be paid on and from May 25, 2022 to shareholders whose names appear in the Company's record book as of the record date.
The stock closed at a market price of Rs 1654.55 on Friday, a 7.60 (0.46 per cent) increase from the previous close of Rs 1,646.95.
Vedanta Ltd
The company's Board of Directors authorised the first interim dividend of Rs 31.5 per equity share, i.e. 3150 per cent on the face value of Re. 1/- per share, at its meeting held on April 28, 2022. The record date for the same has been scheduled on Monday, May 9, which implies that the stock will go ex-dividend on Friday, May 6, 2022.
The company has informed BSE by saying that "we wish to inform you that the Board of Directors of the Company have approved First Interim Dividend of ₹ 31.5 per equity share i.e. 3150% on face value of Re. 1/- per share for the Financial Year 2022-23 amounting to c. ₹ 11,710 Crores. The record date for the purpose of payment of dividend is Monday, May 9, 2022. The interim dividend will be paid within stipulated timelines as prescribed under law."
On BSE, the stock closed at a market price of Rs 408.40 on Friday's closing session compared to the previous close of Rs 411.65 a fall of -3.25 (0.79%).
CRISIL
The company's Board of Directors announced an interim dividend of Rs 7 per share (of Re 1 face value) in the current quarter ending March 31, 2022 at a meeting held on April 21, 2022. The dividend will be paid on 19th May 2022. The record date has been scheduled for May 9, 2022, and the stock will go ex-dividend on May 6, 2022.
CRISIL's consolidated income from operations for the quarter ended March 31, 2022, rose 20.1 % to Rs 594.9 crore, compared with Rs 495.2 crore in the corresponding quarter of the previous year. Profit after tax for the quarter ended March 31, 2022, rose 45.6% to Rs 121.6 crore, compared with Rs 83.5 crore in the corresponding quarter of the previous year, the company has said in an exchange filing.
The stock closed at a market price of Rs 3,721 on Friday, a gain of +132.30 (3.69 per cent) over the previous closing price of Rs 3588.70.
