Rs 0.35 To Rs 95/ Sh Dividend, Last Date - Eligible Nov 19; Asian Paints, ONGC, MRF Among 12 Stocks In Focus

Dividend Stocks On November 19: A host of companies are scheduled to turn ex-dividend on Tuesday. The highest dividend payout by these companies will be around Rs 95 per share. The companies belong to diverse segments including renowned stocks like Asian Paints, Ashok Leyland, Akzo Nobel, ONGC, Cochin Shipyard, MRF, PGHH, and Gujarat Pipavav among others.

To be eligible for dividend payout, investors should generally hold the respective stock in their demat accounts by end of the record date. The record date for these companies is November 19, which is also their ex-date.

Here is the list of companies to turn ex-dividend on November 19:

1. Procter & Gamble Hygiene & Healthcare: The company is going to pay the highest dividend of Tuesday, to the tune of Rs 95 per share. The ex-date is November 19.

2. Akzo Nobel India is also scheduled to turn ex-date for a dividend payout of Rs 70 per share.

3. ESAB India is another stock to pay a hefty dividend of Rs 25 per share and its record date is fixed on November 19.

4. Info Edge: The IT company will turn ex-date for a dividend of Rs 12 per share.

5. AK Capital Services: This will company also turn ex-dividend for a dividend of Rs 12 per share.

6. Asian Paints: This is yet another much-awaited FMCG dividend to the tune of Rs 4.25 per share. The ex-date is Tuesday.

7. MRF: The second most expensive stock MRF is also scheduled to turn ex-date for a dividend payout of Rs 3 per share.

8. Oil and Natural Gas Corporation (ONGC): The largest government-backed oil and gas company ONGC will turn ex-date for a dividend of Rs 6 per share.

9. Great Eastern Fertilisers & Chemicals: The company will turn ex-date for a dividend of Rs 7.20 per share.

10. Gujarat Pipavav: The dividend payout by this company is Rs 4 per share and the ex-date is November 19.

11. Cochin Shipyard: The shipping company with the status of PSU will be in focus for its dividend payout of Rs 4 per share and the ex-date is November 19.

12. Ashok Leyland: In the automobile sector, apart from MRF, Ashok Leyland will also be in focus for its dividend payout of Rs 2 per share and the ex-date is November 19.

Other stocks that will turn ex-dividend on November 19 are - Kanel Industries, Navneet Education, PPAP Automotive, Precision Wires India, R Systems International, Safari Industries (India), Saksoft, Taneja Aerospace & Aviation, Vaibhav Global, Vidhi Specialty Food Ingredients.

The lowest dividend payout is Rs 0.35 which is by Precision Wires and the ex-date is November 19.

What are the benefits of dividends:

As per Religare Broking's website, dividend stocks offer several advantages for both companies and shareholders. One major benefit is that stock dividends do not require a company to allocate cash for distribution. Instead of depleting cash reserves, companies can issue additional shares of stock to reward shareholders. This allows the company to preserve liquidity for other important purposes, such as investing in growth opportunities or managing financial obligations.

For shareholders, Religare's website highlighted that receiving stock dividends can have tax advantages. In some jurisdictions, stock dividends may be taxed lower than cash dividends, resulting in potential tax savings for investors. This can be especially appealing for long-term investors looking to optimise their tax positions.

Furthermore, it contributes to the perception of corporate health and confidence. When a company declares a stock dividend, it indicates it is in a strong financial position and can reward its shareholders. This can enhance the overall image and reputation of the company, attracting potential investors and reinforcing existing shareholders' confidence in their investment, the brokerage stated.