5 Stocks To Trade Ex-Dividend Next Week

Muthoot Finance

The company's Board of Directors declared the payment of an interim dividend of Rs. 20 (Rupees Twenty) per equity share (200 percent) on April 18, 2022, with the record date set for April 26, 2022, and the stock turning ex-dividend on Monday, April 25, 2022.

"Shareholders whose names appear as on close of business hours of April 26, 2022 (a) as Beneficial owners as per the list to be furnished by the Depositories in respect of the shares held in electronic form and (b) as Members in the Register of Members of the Company in respect of shares held in physical form, would be entitled to receive the interim dividend. The interim dividend will be paid to the shareholders within 30 days from the date of declaration," the company has said in an exchange filing.

Muthoot Finance Ltd is India's largest non-banking financial company (NBFC), with a market capitalization of Rs 52,666.53 crore. It is also the country's largest gold loan provider. On the BSE, the company's shares closed at a market price of Rs 1,312.50 on Friday, down -21.30 (1.60 percent) from its previous closing price of Rs 1333.80.

Man Industries India Ltd

Man Industries (India) Ltd is a small-cap company with a market capitalization of Rs 579.66 crore. Its primary business operations include manufacturing and coating large diameter carbon steel pipes, infrastructure, real estate, and trading. The company's Board of Directors declared an interim dividend of 40 per cent, or Rs 2 per equity share of Rs 5 each, for the fiscal year 2022-23 on April 21, 2022. The stock will trade ex-dividend on April 28, 2022, with the record date scheduled for April 29, 2022.

"The interim dividend for the financial year 2022-2023 will be paid within the stipulated time to those members whose names appear in the Register of Members of the Company and/or Register of Beneficial Owners maintained by the Depositories as on the record date i.e. 29th April 2022," the company has said in an exchange filing.

On Friday, the stock closed at a market price of Rs 98.65 on the BSE, down from Rs 98.70 the previous closing price, a decline of Rs -0.050. (0.051 percent ).

Vesuvius India Ltd

The Board of Directors of the company has informed BSE on 12th April 2022 that "Your Board of Directors is pleased to recommend a dividend of Rs. 8/- per Equity Share (previous year Rs. 7/- per Equity Share) of nominal value of Rs. 10/- each. The dividend will entail a cash outflow of Rs. 1,624 lakhs (previous year Rs. 1,421 lakhs)."

"Record Date will be Friday, April 29, 2022 to determine those Members who will be entitled to receive dividend which will be declared at the AGM. The Cut Off Date for the purpose of determining the Members eligible for participation in remote e-voting (e-voting from a place other than venue of the AGM) and voting at the AGM through e-Voting system is Friday, April 29, 2022 ("Cut Off Date"). The dividend if declared will be deposited in a separate bank account within May 11, 2022 and will be paid within May 20, 2022 to those who are members as on the Record Date, as stated above," the company has said in an exchange filing.

Vesuvius India Ltd is a small-cap corporation in the industrial capital goods category with a market cap of Rs 2,118.10 crore. The company's primary business is manufacturing and trading refractory products in both local and foreign markets. The company's shares closed at a market price of Rs 1,040 on Friday, down -3.50 (0.34 percent ) from the previous closing price of Rs 1043.50.

HCL Technologies

HCL declared an interim dividend of Rs.18/- per equity share of Rs.2/- each for the financial year 2022-23 on April 21, 2022. The record date has been scheduled for April 29, 2022 and the stock will trade ex-dividend on April 28, 2022.

The company has informed BSE that "The Board of Directors has declared an Interim Dividend of Rs.18/- per equity share of Rs.2/- each of the Company for the Financial Year 2022-23. The Record date of April 29, 2022 fixed for the payment of the aforesaid interim dividend has been confirmed by the Board of Directors. The Payment date of the said interim dividend shall be May 11, 2022."

HCL posted a net profit of Rs 3,593 crore for the quarter and year ended March 31, 2022, compared to a net profit of Rs 1,102 crore in the year-ago period, according to the company's financial statements. The company's income from operations for the fourth quarter of FY22 amounted to Rs 22,597 crore, up 15.05 per cent from Rs 19,641 crore on 31st March 2021.

"We have delivered yet another stellar quarter in our Services business, where the revenue is up 5.0% QoQ & up 17.5% YoY in constant currency. Over the last three quarters, our Services business has been consistently growing organically at 5% and higher, delivering one of the highest CQGR in the industry. Our overall growth on YoY basis stands at 12.7% which is better than the guidance led by strong momentum in Digital, Cloud and Engineering services. We continue to invest proactively to create a larger talent pool to address the demand", said C Vijayakumar, Chief Executive Officer & Managing Director, HCL Technologies Ltd.

We ended Financial Year 2021-22 well, with Revenue at US$ 11.5 bn (Rs 85k Cr), growth of 12.7% YoY in constant currency, and EBIT margin at 18.9%. Services revenue (ITBS and ERS) crossed the US$ 10 bn milestone and registered a robust growth of 14.9% YoY in constant currency during the fiscal. Net income (PAT) for the year came in at Rs 13.5K Cr, 15.7% of Revenue, translating to an EPS of Rs 49.77. Our cash generation and profit conversion to cash continue to be very strong with OCF at US$ 2,265 mn (125% of PAT) and FCF at US$ 2,044 mn (113% of PAT). Our Board is happy to announce a dividend of Rs 18 per share for the quarter, taking the payout for the year to Rs 44 per share for the year, 88.4% of EPS, higher than guided range of 75%.", said Prateek Aggarwal, Chief Financial Officer, HCL Technologies Ltd.

Mold-Tek Packaging Ltd

The company issued an interim dividend for the financial year 2021-22 on April 21, 2022, at a rate of 120 per cent, or Rs. 6/- per equity share on a face value of Rs. 5/- per share. The stock shall trade ex-dividend on 28th April 2022 as the record date for the dividend has been set on 29th April 2022.

The company has informed BSE by saying "We wish to inform that, Board of Directors at its Meeting held on Thursday, 21 st April, 2022, have declared an Interim Dividend for the financial year 2021-22, @ 120 % i.e., Rs. 6/- per Equity share on face value of Rs. 5/- per share. The Record Date for the Purpose of Interim Dividend shall be Friday, 29th April, 2022. The Interim Dividend declared shall be paid on or from 5 th May, 2022 to 19th May, 2022."

Mold-Tek Packaging is India's top rigid plastic packaging manufacturer, with a 25% market share. The company's shares closed at a market price of Rs 776.10 on Friday, down -14.30 rupees (1.81 per cent) from the previous closing price of Rs 790.40.