Dividend stocks: Dr.Reddy’s, IDBI Bank, IDFC, Lupin among 15 stocks to trade ex-dividend on July 16

Dividend stocks of various companies will be in focus when the stock market opens on July 16. The Board of Directors of fifteen companies, including Dr.Reddy’s Laboratories Ltd, IDBI Bank Ltd, and Nestle India Ltd, have declared interim and final dividends for their eligible shareholders. These companies have fixed July 16 as the record date to ascertain the eligibility of shareholders for their respective issues.

Shares of these companies will trade ex-dividend on July 16. For example, Dr.Reddy’s Laboratories declared a final dividend of ₹40.00 per equity share for the financial year 2024, while IDFC declared an interim dividend of ₹1.00 per equity share for the same period. Other companies like Lupin, Mahindra & Mahindra Financial Services, and TTK Healthcare have also declared dividends for their shareholders.

Overall, these dividend declarations highlight the financial performance and commitment to rewarding shareholders of these companies. Investors should take note of these announcements as they can impact the stock prices and provide opportunities for potential gains in the market.