Up 400% Dividends: Emami, Indraprastha Gas, Chambal Fertilisers, 5 Other Stocks Ex-Dividend On Nov 15

8 stocks are in focus on Wednesday as they will trade ex-dividend today. Some of the renowned companies that will be ex-dividends are Emami, Indraprastha Gas, and Chambal Fertilisers & Chemicals. Others are CFF Fluid Control, PDS, SAT Industries, Indian Toner & Developers, and Steelcast. They have announced their Q2 earnings for FY24.

In general terms, dividends are distributed in a certain proportion by listed companies from their net profits earned in a respective financial year. Dividends are among many rewards that are paid for holding equity shares. Other incentives are bonus issues and stock split benefits.

Meanwhile, the ex-dividend date is the day when the price of the equity share of the listed company gets adjusted for the dividend payout.

It needs to be noted that these stocks' record date is set on Wednesday as well to determine eligible shareholders for dividend benefits.

Here's how the shares are performing on the ex-dividend date and how much dividend they will pay:

Emami:

Emami shares traded volatile. At the time of writing, Emami's share price stood at Rs 508.40, down by 0.30% on BSE with a market cap of Rs 22,590.19 crore. The stock was at its intraday low level after hitting an intraday high of Rs 511.20.

The company will pay the first interim dividend for FY24 to the tune of Rs 4 per share or 400% having a face value of Re 1 each.

Indraprastha Gas:

On the ex-dividend date, IGL shares traded at Rs 385.75 apiece, down by 1.69% with a market cap of Rs 27,002.53 crore. IGL shares ranged from Rs 393.40 to Rs 384.30.

As per the regulatory filing, IGL has declared an interim dividend @ 200% i.e. Rs.4.00 per share (Face value of Rs.2/- each) on the equity shares of the Company for the Financial Year 2023-24.

Chambal Fertilisers & Chemicals:

On the other hand, this fertilizer stock traded at Rs 304.15, up by 1.11% on BSE with a market cap of Rs 12,644.34 crore. The stock ranged from Rs 306.80 to Rs 303.05 apiece.

The company has declared an interim dividend of Rs. 4.50 (i.e. 45%) per equity share of Rs. 10 each of the Company. The interim dividend shall be paid/ dispatched on or before December 2, 2023.

CFF Fluid Control:

The stock gained nearly 4% to trade at the intraday high of Rs 474 apiece on BSE.

The company declared an interim dividend of Rs 0.50/-per equity share for the financial year ending March
31% 2024.

Indian Toners & Developers:

The stocked near its 52-week high of Rs 355 apiece. At the time of writing, Indian Toners shares traded at Rs 345 apiece, up by 2.01% on BSE.

Indian Toners declared an interim dividend of Rs 4.5 per share having a face value of Rs 10 each for FY24.

PDSL:

This smallcap zoomed by a whopping 7% to trade at Rs 654.40 apiece. In the early deals, the stock has touched a new 52-week high of Rs 659 apiece.

PDS declared payment of an interim dividend of Rs 1.60/- per Equity Share having a Face Value of Rs 2/- each for FY24.

SAT Industries:

This steel stock was marginally up and traded at Rs 97.64 apiece on BSE currently. But the stock ranged from Rs 99.73 apiece to Rs 96.81 apiece.

SAT has declared an Interim Dividend of Re 0.15 per equity share of Rs. 2/- each (i.e., 7.50 %) for the financial year 2023-24.

SteelCast:

SteelCast shares traded at the intraday high of Rs 631 apiece, up by 1.4% on BSE.

The company declared an interim dividend of Rs. 1.35 per equity share of Rs. 5 each (i.e. 27%) which will be paid within 30 days of the date of declaration i.e. on or before 1st December 2023.