Tata Steel, Bajaj Auto, HUL among stocks that go ex-dividend this month; check full list

Tata Steel, Bajaj Auto, HUL among stocks that go ex-dividend this month; check full list

Indian equity markets extended losses on Thursday, F&O expiry day, amid subdued global sentiment. Both BSE Sensex and NSE Nifty 50 were trading marginally lower. “We believe the present market volatility offers an attractive opportunity to build a long term portfolio of quality companies, which have lean balance sheets, are capital efficient and have growth longevity.” said ICICI Direct in its latest report. Investors could look for dividend stocks amid the current volatile market. Marquee names such as Bajaj Auto, Tata Steel, and HUL will go ex-dividend later this month while others such as Page Industries, Tata Coffee, Castrol India have announced dividends and will start trading ex-dividend this week.Stocks going ex-dividend this week

– Castrol India has announced a final dividend of Rs 3 per share on face value Rs 5 . The company’s shares goes ex-dividend today.– Page Industries is another stock that will go ex-dividend today. The company has announced a dividend of Rs 70 per share on face value Rs 10.– SM Auto Stamping Bank had earlier announced a dividend of Rs 1.25 per share. The stock will go ex-dividend today.– Tata Group company Tata Coffee has announced a dividend of Rs 2 per share, and goes ex-dividend today.– On Thursday, Tata Investment Corporation shares will go ex-dividend with shareholders getting a dividend of Rs 55 per equity share of face value Rs 10 each.– Torrent Pharmaceuticals has announced a final dividend of Rs 8 and a special dividend of Rs 15 per share and goes ex-dividend on Friday.

The ex-dividend date is decided to determine the shareholders that will receive the announced dividend. On the ex-dividend date, the stock does not carry the value associated with its next dividend payment. The ex-dividend date is set a day or two before the record date. Shareholders, to be eligible for dividends, must hold the shares in the Demat account on the ex-dividend date.