Up To Rs 58/Share Dividend: MASFIN, Wipro, Angel One Among 7 Stocks To Trade Ex-Dividend From January 23-25

The trading week from January 23rd to 25th is packed with a host of equity shares turning ex-dividend. Some of the popular stocks are MAS Financial Services, Wipro, IIFL Finance, KDDL, Ksolves India, and Mastek. These stocks belong to various categories right from smallcaps, and midcaps to large-caps.

It needs to be noted that the stock market will have a holiday-shorten trading. Market will be closed on January 22nd for the inauguration of Ram Mandir in Ayodhya, and on January 26 due to celebration of Republic Day.

Dividend stocks are defined in two major categories namely dividend stocks growth and high dividend stocks. Dividends are incentives declared by listed companies which they are willing to share with investors from the net profits they booked in a respective financial year. Generally, companies that declare dividends have a strong foothold and stable presence in their industry.

Here is the list of stocks that will turn ex-dividend from January 22nd to 26th. Ex-dividend is the day, the price of the equity share of the listed company gets adjusted to the dividend payouts.

The ex-dividend date is very important as they are also the record date of these companies. To be eligible for receiving dividends, investors should have the respective equity shares in their demat accounts by the record date.

MAS Financial Services Dividend:

This first up is NBFC, MAS Financial who had revised its record date for interim dividend of Rs 3 per share for FY24.

In its regulatory filing, MAS said, "In the light of the public holiday declared on Monday, January 22, 2024, owing to the consecration of the Ram Mandir in Ayodhya and in compliance with an e-mail received from National Stock Exchange of India Limited (NSE) & BSE Limited (Bombay Stock Exchange) on January 19, 2024, the record date for the Interim Dividend of Rs. 3/- per Equity Share which was fixed as Monday, January 22, 2024, will be changed to Tuesday, January 23, 2024."

Hence, the ex-dividend date is now set for January 23.

On Saturday, in the one-of-a-kind trading session, MAS share price hit a new 52-week high of Rs 1,066 apiece ahead of the ex-dividend date. Its market cap is at Rs 5,714.92 crore.

Angel One Dividend:

One of the leading stock broker, Angel One has approved the distribution of 41% of the quarter's profit as a third interim dividend, reaffirming Angel One's commitment to delivering value to its shareholders. That being said, the board declared a third interim dividend of Rs 12.70 per share for the financial year FY24 at a face value of Rs 10 each.

For the said dividend, Angel One fixed January 23 as the record date to determine the eligibility of shareholders for payment of the said Interim Dividend. The company will also turn ex-dividend on January 23.

In case of payout, the company said, the dividend shall be paid on or before February 14, 2024, to those members, whose names appear on the Register of Members or in records of Depositories as beneficial owners of the shares as of the closure of business hours of Tuesday, January 23, 2024.

On BSE, Angel One share price ended at Rs 3,246.25 apiece, down by 2.71% with market cap of Rs 27,252.42 crore.

Wipro Dividend:

Tech giant Wipro will turn ex-dividend on January 24 which is also its record date for determining its eligible shareholders for the benefit. The payment of the interim dividend will be made on or before February 10, 2024.

Wipro will pay dividends up to Rs 1 (50%) per equity share/ADS. The face value of the interim dividend is Rs 2 each.

ADRs allow U.S. investors to invest in non-U.S. companies and give non-U.S. companies easier access to the U.S. capital markets. Many non-U.S. issuers use ADRs as a means of raising capital or establishing a trading presence in the U.S.

On Saturday, Wipro's share price ended at Rs 478.10 apiece,down by 1.42% on BSE with a market cap of Rs 2,49,778.68 crore.

IIFL Finance Dividend:

This leading listed NBFC will turn ex-dividend on January 25 for its interim dividend payout of Rs 4 per share.

In its regulatory filing, it said an interim Dividend of Rs. 4/- per equity share of the face value of Rs. 2/- each for the Financial Year 2023-24. Under the provisions of Regulation 42 of the SEBI Listing Regulations, the Board has fixed Thursday, January 25, 2024, as the record date. The said
interim dividend will be paid/dispatched on or before February 15, 2024."

IIFL share price stood at Rs 641.90 apiece, down by 2.04% on BSE after market hours of Saturday with an m-cap of Rs 24,487.40 crore.

KDDL Dividend:

Gems, jewellery, and watches maker, KDDL fixed January 26 as its record date for dividend payout. But since the stock market will be closed on January 26 in celebration of Republic Day, KDDL's share price will turn ex-dividend on January 25 as well.

KDDL has announced an interim dividend of a massive Rs 58 per share (580%) having a face value of Rs 10 each for FY24. The Interim Dividend will be paid within 30 days from the date of declaration in terms of the relevant provisions of the Companies Act, 2013.

On BSE, KDDL's share price closed at Rs 2,845.65 apiece up by 0.70% with a market cap of Rs 3,624.52 crore.

Ksolves India Dividend:

The software development company, Ksolves declared a second interim dividend of Rs 7.5 per share for financial year 2023-24 on its fully paid-up Equity share Capital of the Company.

It said, the Dividend shall be paid within the statutory time limit to the equity shareholders of the Company, whose names would appear on the Register of Members of the Company as on the Record date fixed
i.e. January 26, 2024.

Thereby, Ksolves share price will turn ex-dividend on January 25.

On Saturday, the stock ended at Rs 1,317.75 apiece, down by 2.76% on BSE with a market cap of Rs 1,562.32 crore.

MASTEK Dividend:

Computers software, and consulting company, Mastek will turn ex-dividend on January 25 ahead of its record date of January 27 which falls on Saturday, and markets are closed during the weekend.

Hence, on January 25, the company will ascertain the eligibility of Shareholders for payment of Interim Dividend.

Mastek declared an interim dividend of Rs 7 per share (140%) for the financial Year 2023-24. The said interim dividend shall be paid within 30 days to the equity shareholders of the Company, whose names appear on the Register of Members of the
Company or in the records of the Depositories as beneficial owners of the shares as on the "Record Date".

On BSE, Mastek shares ended at Rs 2,797.65, down by 3.94% with a market cap of Rs 8,581.70 crore.

Disclaimer: The stocks just highlight the interim dividends and are not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.