Several major companies, including IDFC Bank, Nestle India, Kotak Mahindra Bank, and Tata Consultancy Services (TCS), among others, will be trading ex-dividend in the upcoming week starting from Monday, July 15. Some of these companies have also announced other corporate actions such as bonus issues and stock splits, as per BSE data.
The ex-dividend date is the day when the equity share price adjusts to reflect the next dividend payout. On this day, the stock becomes ex-dividend, meaning it no longer carries the value of its next dividend payment moving forward. Dividends are payable to all shareholders whose names appear on the company’s list by the end of the record date.
Stocks that will be trading ex-dividend on Monday, July 15, 2024, include Alembic Pharmaceuticals Ltd, Duncan Engineering Ltd, Gujarat Themis Biosyn Ltd, India Motor Parts & Accessories Ltd, K.P.R. Mill Limited, NDR Auto Components Ltd, Rane Brake Lining Ltd, Siyaram Silk Mills Ltd, and ZF Commercial Vehicle Control Systems India Ltd.
On Tuesday, July 16, 2024, stocks trading ex-dividend will include Dr. Reddy’s Laboratories Ltd, Elegant Marbles & Grani Industries Ltd, IDBI Bank, IDFC Ltd, Lupin Ltd, Mahindra & Mahindra Financial Services Ltd, Nestle India, Pix Transmissions Ltd, Punjab & Sind Bank, Rane Engine Valve Ltd, Sakuma Exports Ltd, Sundaram Brake Linings Ltd, Thirumalai Chemicals Ltd, TTK Healthcare Ltd, and Wires & Fabriks (SA) Ltd.