6 Indian Stocks to Trade Ex-Dividend Today: NHPC, Tide Water Oil, Gujarat Themis Biosyn, and more
February 22, 2023 – Today, the stock market will see the trading focus shift to 6 notable Indian companies as they go ex-dividend. NHPC Ltd, Tide Water Oil (India) Ltd, Gujarat Themis Biosyn Ltd, AVT Natural Products Ltd, SG Mart Ltd, and MAS Financial Services Ltd have all announced interim dividends, bonus issues, and stock splits for their eligible shareholders.
The record date for shareholders’ eligibility has been fixed as February 22, ensuring that only those who hold shares prior to this date will be entitled to the respective company benefits.
NHPC Ltd, a leading player in the hydroelectric power generation sector, has declared an interim dividend of ₹1.40 per equity share. The company’s Board of Directors have approved the payment of interim dividends at a rate of 14% on the face value of paid-up equity shares of ₹10 each for the financial year 2023-24.
Tide Water Oil (India) Ltd, known for its high-quality lubricants and automotive products, has announced an interim dividend of ₹12.00 per equity share.
Gujarat Themis Biosyn Ltd, a pharmaceutical company focused on innovative drug development, has declared an interim dividend of ₹0.75 per equity share.
AVT Natural Products Ltd, a major player in the food and beverage industry, has announced an interim dividend of ₹0.30 per equity share.
In addition to the dividend declarations, two companies have also announced bonus issues. SG Mart Ltd will issue bonus shares in the ratio of 1:1, while MAS Financial Services Ltd will issue bonus shares in the ratio of 2:1.
Moreover, SG Mart Ltd has also declared a stock split, reducing the face value of its equity shares from ₹10 to ₹1 per share.
As a result of these developments, shares of SG Mart Ltd will trade ex-bonus and ex-stock split, while MAS Financial Services Ltd will trade ex-bonus on Thursday.
Investors and shareholders of these companies should pay close attention to these developments as they may impact their investment strategy and potential returns.
Analyst comment
Neutral news. The market may experience high trading activity as investors and shareholders of the 6 Indian companies react to ex-dividend declarations, bonus issues, and stock splits. Share prices may see fluctuations based on the impact of these announcements on investment strategies and potential returns.
