Rs 0.10-90/Sh Dividends: SJVN, VST Tillers, 18 Other Stocks To Turn Ex-Dividend On Thursday, September 12

A total of 20 stocks including large-caps, mid-caps, and small-caps are scheduled to turn ex-dividend on Thursday, September 12, 2024. The stocks are in focus for dividend payout as low as Rs 0.10 per share to a maximum of Rs 90 per share. These stocks have also gained by 1% to 95% in 2024 so far.

September 12 is also the record date for determining eligible shareholders for the dividends by these stocks. Some of the renowned stocks are SJVN, VST Tillers, Skipper, and Nirlon among others.

Here is the list of stocks to turn ex-dividend on September 12:

1. Arrow Greentech: The packaging stock is at Rs 831.50 apiece on BSE. YTD, the stock has gained by 92.42%. The company will turn ex-dividend for a dividend payout of Rs 2 per share.

2. Bengal & Assam Company: This NBFC stock is at Rs 9846.40 apiece on BSE. The company will pay a dividend of Rs 40 per share. YTD, the stock advanced by 30.50%.

3. Bharat Rasayan: The agrochemicals company will reward investors with a dividend of Rs 1.50 per share. The stock is currently at Rs 13,677.20 apiece, and YTD, it has gained by 51%.

4. Eldeco Housing & Industries: The real estate stock is at Rs 952.90 apiece before ex-dividend date. The company will pay a dividend of up to Rs 8 per share. YTD, the stock rose by 31.31%.

5. Excel Industries: Chemical stock is currently at Rs 1625.55 apiece before ex-dividend. The company will pay a dividend of Rs 5.5 per share. YTD, the stock advanced by over 71.3%.

6. Garware Technical Fibres: The textile products maker is going to reward investors with a dividend of Rs 3 per share. The stock is at Rs 3947.15 apiece, and YTD, it surged by nearly 17% on BSE.

7. Gulshan Polyols: The agriculture products company is going to pay Rs 0.30 per share dividend. The smallcap is at Rs 239.30 apiece. YTD, the stock jumped by nearly 14%.

8. Haldyn Glass: The packaging company will turn ex-dividend for payout of Rs 0.7 per share. This penny stock is at Rs 143 apiece, and YTD, the upside is around 4%.

9. Industrial & Prudential Investments: The investment company will turn ex-dividend for the highest dividend of Rs 90 per share, compared to other stocks that are turning ex-dividend on September 12. The stock is at Rs 6631.40 apiece, and YTD, it has soared by nearly 42%.

10. Mallcom (India): Industrial products maker is going to pay dividend of Rs 3 per share. The penny stock is at Rs 1393.30 apiece. YTD, the stock advanced by 27% on BSE.

11. Mysore Petro Chemicals: This chemicals company will pay dividend of Rs 2.5 per share. The penny stock is currently at Rs 232.75 apiece. YTD, the stock rose by 44%.

12. Nirlon: Scheduled to pay dividend of whopping Rs 11 per share, Nirlon share price is at Rs 440.20 apiece currently. YTD, the stock price advanced by nearly 8%.

13. Patels Airtemp: Also, scheduled to pay final dividend of Rs 3 per share, penny stock is currently at Rs 788.90 apiece on BSE. YTD, the stock zoomed by 88.1%.

14. Sicagen India: The stock is currently at Rs 101.95 apiece. The company will pay dividend of Rs 0.60 per share.

15. SJVN: This PSU stock will reward investors with dividend payout of Rs 0.65 per share. SJVN stock is currently at Rs 131.70 apiece, while gained by a whopping 42% on BSE.

16. Skipper: Also, turning ex-dividend on September 12, Skipper will pay dividend of Rs 0.10 per share. Share price of Skipper is at Rs 408.15 apiece, while it soared by 77% on BSE.

17. Southern Petrochemicals: This fertilizer stock is at Rs 93.76 apiece, with market cap of Rs 1,909.33 crore. The company will reward investors with Rs 1.5 dividend per share. YTD, the stock is up by 16%.

18. Sree Rayalaseema Hi-Strength Hypo: The commodity chemical stock is at Rs 583.40 apiece, and is scheduled to pay dividend of Rs 3 per share. YTD, the stock is up marginally by 1.3%.

19. VST Tillers Tractors: This tractor stock is currently at Rs 4304 apiece, while it will pay dividend of Rs 20 per share. YTD, the auto stock is up by 17%.

20. WEP Solutions: Ahead of paying dividend of Rs 0.50 per share, WEP will turn ex-dividend on Thursday. The stock price is currently at Rs 39.89 apiece, while it has surged by a whopping 17% YTD.

What Are Dividends?

As per Motilal Oswal website, companies that generate profits through their business generally tend to use them to further their business agenda by purchasing assets, clearing off debts, or satisfying their working capital requirements. However, some companies distribute the profits that they generate to their shareholders. The share of profits that the shareholders of a company receive are what is termed a dividend. Therefore, to be eligible to receive dividends from a company, you would have to become its shareholder by purchasing the entity's shares.