5 Stocks To Turn Ex-Dividend Next Week

Five leading stocks are set to turn ex-dividend next week. The ex-dividend date decides which shareholders will get the declared dividend of the company on that particular date. It is also the day when the company's stock turns ex-dividend which implies the stock from that day will not carry the value linked with its next dividend payment.

The stock turning ex-dividend next week include VST Industries Ltd., REC Ltd, Dr Reddys Laboratories Ltd., Wendt (India) Ltd., and Shree Cements Ltd. this Check details pertaining to stocks going ex-dividend:

1. VST Industries Ltd

The stock belongs to the Cigarettes sector. The Vazir Sultan Tobacco Company Limited was incorporated on 10th November, 1930, under the Hyderabad Companies Act No. IV of 1320 Fasli and now governed under the Companies Act, 1956/2013. The name of the Company was subsequently changed to VST Industries Limited on 30th April, 1983. The Company has its Registered Office at Azamabad, Hyderabad. The Company has a manufacturing facility at Hyderabad and Toopran (Telangana) and its principal activities are manufacture and sale of cigarettes and unmanufactured tobacco.

Stock Outlook: The current market price of the stock is Rs 3265 apiece and it gained 0.79% in today's trading. It has fallen 8.61% in 1-year and 9.91% in 5 years. Currently, it is trading at a discount of 16% from its highs. The 52-week high is Rs 3895 apiece and 52-week low is Rs 2794 apiece. The PE of the stock is 15.75 which is lesser than sector PE of 23.52. The dividend yield is 4.29% and market capitalization is Rs 5042 crore.

Dividend: The company has a good dividend record and declared dividend in the last 5 years. It has declared an equity dividend of 1400% equal to Rs 140 per share for the year ending March 2022. Last year it had declared an equity dividend of 114 per share. The stock is turning ex-dividend on July 13, 2022.

2. REC Ltd

REC Limited, formerly Rural Electrification Corporation Limited, is a public Infrastructure Finance Company in India's power sector. The company is a Public Sector Undertaking and finances and promotes power projects across India.

Stock Outlook: The current market price of the stock is Rs 130 apiece and it gained 0.65% in today's trade. The 52-week high is 168.85 and 52-week low is Rs 109.65 apiece. Currently, it is trading at a discount of 22.62% from its highs. It has fallen 8.82% in one year and 30% in 5 years. The PE of the stock is 2.57 which is lesser than sector PE of 3.39. The market capitalization is 25,831 crore with a dividend yield of 11.70%.

Dividend: It declared an equity dividend of 48% on May 13, 2022 and it is turning ex-dividend on July 12. It has declared dividend in the last 5 years regularly and for the year ending March 2022, it declared an equity dividend of 153% equivalent to Rs 15.3 share.

3. Dr Reddys Laboratories Ltd

It is an Indian multinational pharmaceutical company located in Hyderabad, Telangana, India. It came into existence in 1984. It has research and development centres, manufacturing facilities or commercial presence in 56 countries. The company was founded by Kallam Anji Reddy, who previously worked in the mentor institute Indian Drugs and Pharmaceuticals Limited.

Stock Outlook: The current market price of the stock is Rs 4406 apiece and it gained 1.61% in today's trading. The 52-week high is Rs 5614 apiece and 52-week low is Rs 3654 apiece. It is a company with low debt. It has a PE of 33.60 which is higher than the sector PE of 29.32. The market capitalization is Rs 73,337 crore with a dividend yield of 0.68%. Currently, it is trading at a discount of 21.52% from its highs.

Dividend: It has consistently declared dividend in the last 5 years and has a good dividend record. It declared an equity dividend of 600% or Rs 30 per share on May 19 and the ex-dividend date is 11 July.

4. Wendt (India) Ltd

It was established in 1980 as as a Joint Venture between Wendt GmbH and The House of Khataus. Wendt India known for its diversified and impressive product portfolio, innovation strategy, strong product development, personalized technical services and providing technology solutions in grinding to its 750+ direct customers in the domestic market.

Stock outlook: The current market price of the stock is Rs 8.334.90 apiece with 52-week high at Rs 9195 apiece and 52-week low at Rs 3932 apiece. It is a company with strong financials. It has a PE of 61.58 which is higher than sector PE of 60.63. The market capitalization is 1,666 crore with a dividend yield of 0.78%. Currently, it is trading at a discount of 9.36% from its highs. It has given a strong return of 99.73% in 1-year and 236% returns in 5 years.

Dividend: It has good dividend track record and regularly declared dividend in the last 5 years. It declared an equity dividend of 450% or Rs 45 per share on 22 April and the ex-dividend date is July 13, 2022.

5. Shree Cements Ltd

It came into existence in 1979. Its operations span across India and the UAE with 4 integrated plants in India, 1 in UAE and 9 Grinding Units. Shree Cement was also among the industry pioneers for the use of alternate fuel resources in the production of cement and today we have the highest installed capacity of Waste Heat Recover Power plants in the world, second only to China.

Stock outlook: The current market price of Shree Cements is Rs 19,932 apiece and 52-week high is 31,469 and 52-week low is 17,865 apiece. Currently, it is trading at a discount of 36.66% from its highs. The PE of the stock is 30.84 and sector PE is 27.11. It has a market capitalization of 71,919 crore with a dividend yield of 0.45%.

Dividend: It has a strong dividend history and declared dividend in the last 5 years regularly. It has declared an equity dividend of 900% amounting to Rs 90 per share and it is turning ex-dividend on July 13, 2022.