6 Stocks are turning ex-dividend today. These stocks are Aegis Logistics Ltd., Chemcon Speciality Chemicals Ltd., Hindustan Petroleum Corporation Ltd., Finolex Industries Ltd., Tide Water Oil Ltd., and Sterlite Technologies Ltd. Check key takeaways below:
What is the significance of ex-dividend date? The ex-dividend date decides which shareholders will get the declared dividend of the company on that particular date. It is the day when the stock of the company turns ex-dividend or in other words the stock from that day will not carry the value associated with its next dividend payment. Aegis Logistics Ltd The stock of Aegis Logistics is turning ex-dividend today. Earlier the board of directors in its BSE filing stated, "The Board approved Interim Dividend of 150% i.e. Rs. 1.50 (Rupees One Rupees and Fifty paise) per equity share of face value of Re.1/- during the financial year 2022-23 and has fixed August 23, 2022 as the Record Date for the purpose of payment of Interim Dividend. The Interim Dividend shall be paid on or before September 9, 2022." Stock Outlook: The current market price of the stock is Rs 253 apiece with a 52-week high of Rs 291 and 52-week low of Rs 167 apiece. The company has a market capitalization of Rs 8,897.85 crore. About the company: It is a leader in oil and gas logistics. It provides services such as sourcing of product, storage and port operations, arranging road and pipeline movement, shipping, and integrated supply chain management. The company also charges its customers for using various other facilities like jetty operations, unloading and loading. Chemcon Speciality Chemicals Ltd The board of director of the company in its regulatory filing stated, "Board of Directors has approved payment of Interim dividend of Rs. 4/- per share of face value of Rs. 10/- each (@ 40% of face value of share) for financial year 2022-23. The record date for the purpose of payment of dividend is Tuesday, August 23, 2022. The payment of interim dividend through permissible mode shall be made within 30 days from the date of declaration of interim dividend." Stock outlook: The current market price of the stock is Rs 390 apiece with a 52-week high of Rs 482 and 52-week low of Rs 262 apiece. It has a market capitalization of Rs 1430 crore. About the company: It is a manufacturer of specialised chemicals, such as HMDS and CMIC which are predominantly used in the pharmaceuticals industry and inorganic bromides, namely Calcium Bromide, Zinc Bromide and Sodium Bromide, which are predominantly used as completion fluids in the oilfields industry. Hindustan Petroleum Corporation Ltd The board of directors of the company said in its BSE filing, "This is with reference to letter Co.SecyNM/201/2022 dated May 19, 2022, wherein it was informed that the Board in its meeting held on May 19, 2022 had recommended a Final Dividend RS.14/- per share on the face value of RS.101- each on the Equity Shares of the Company for the Financial Year 2021-22 subject to the approval of the shareholders of the Company in the ensuing Annual General Meeting scheduled to be held in the month of August/September 2022." The Company has fixed the Record Date as Tuesday, August 23, 2022 to determine the eligibility of shareholders to receive the Final Dividend. Stock outlook: The current market price of Hindustan Petroleum Corporation Ltd stock is Rs 248 apiece with a 52-week high of Rs 354 apiece and 52-week low of Rs 206 apiece. It has a market capitalization of Rs 35,208.37 crore. About Hindustan Petroleum Corporation Ltd: HPCL is an amalgamation of the erstwhile foreign oil companies ESSO and Caltex, which were taken over by the Government of India in 1974 and 1976 respectively. HPCL is a Central Public Sector Undertaking, with a subscribed capital of Rs. 339.33 Crores. The shares are listed on BSE / NSE and are actively traded. Finolex Industries Ltd The board of directors of Finolex informed the BSE as, "As informed earlier, the Board of Directors of the Company at its meeting held on 18th May, 2022 has recommended a final dividend of Rs. 2/- (100%) per equity share and a special dividend of Rs. 2/- (100%) per equity share of the face value of Rs. 2/- each, for the financial year ended 31st March 2022 subject to approval of shareholders at the ensuing Annual General Meeting of the Company." Stock Outlook: The current market price of the stock is Rs 142 apiece with a 52-week high of Rs 268 apiece and 52-week low of Rs 128 apiece. It has a market capitalization of Rs 8,869.72 crore. About the company: Finolex Industries Ltd (previously known as Finolex Pipes Ltd) was incorporated in 28 March 1981. It offers a vast range of PVC pipes and fittings suitable for diverse applications in agriculture housing and telecommunication. Tide Water Oil Ltd The board of directors stated in their BSE filing, "Declared Interim Dividend of 250% (Rs. 5/- per ordinary share of face value or Rs. 2/- each) for the financial year 2022-23." The company has determined Tuesday, 23 August, 2022, as the record date for the purpose of the aforesaid Interim Dividend distribution. Dividend shall be paid within 30 days from the date of declaration (i.e. within Sunday, l l v September, 2022). Stock outlook: The current market price of the stock is Rs 1138 apiece with a 52-week high of Rs 2064 apiece and 52-week low of Rs 975 apiece. The company has a market capitalization of Rs 1982 crore. About the company: Tide Water Oil Co. (I) Ltd is an integral part of the multi divisional Andrew Yule group that has vast interests in Engineering Electrical Tea Cultivation Power Generation Digital Communication Systems and Lubricants. The company manufactures and sells engine lubricants for the automotive and industrial applications in India. Cravatex Ltd The board of directors in its regulatory filing stated, "Recommended a dividend of Rs.3.00 per share (30%) on Equity Shares (Listed) of Rs.10/- each for the financial year ended 31st March, 2022, for approval of the members at the forthcoming Annual General Meeting." Stock outlook: The current market price of the stock is Rs 443 apiece with a 52-week high of Rs 479 apiece and 52-week low of 265 apiece. The company has a market capitalization of Rs 114.70 crore. About the company: Cravatex Limited is a Global platform for Retail, Brand Licensing, Distribution & Sourcing company with a presence across the Indian Subcontinent, United Kingdom, Europe, North Africa & the Middle East. Cravatex was incorporated in 1951 by Ram Kumar Batra and is part of The Batra Group. At first, Cravatex owned the largest chain of dyers and dry cleaners in India and subsequently diversified into Garment Export, Textile Processing and Printing. The company was taken public on the Bombay Stock Exchange in 1979 and continues to be listed after more than four decades. Disclaimer The above is the list of stocks that are turning ex-dividend today. Readers should not construe the story for investment advice into the mentioned stocks.
The ex-dividend date decides which shareholders will get the declared dividend of the company on that particular date. It is the day when the stock of the company turns ex-dividend or in other words the stock from that day will not carry the value associated with its next dividend payment.
The stock of Aegis Logistics is turning ex-dividend today. Earlier the board of directors in its BSE filing stated, "The Board approved Interim Dividend of 150% i.e. Rs. 1.50 (Rupees One Rupees and Fifty paise) per equity share of face value of Re.1/- during the financial year 2022-23 and has fixed August 23, 2022 as the Record Date for the purpose of payment of Interim Dividend. The Interim Dividend shall be paid on or before September 9, 2022."
Stock Outlook: The current market price of the stock is Rs 253 apiece with a 52-week high of Rs 291 and 52-week low of Rs 167 apiece. The company has a market capitalization of Rs 8,897.85 crore.
About the company: It is a leader in oil and gas logistics. It provides services such as sourcing of product, storage and port operations, arranging road and pipeline movement, shipping, and integrated supply chain management. The company also charges its customers for using various other facilities like jetty operations, unloading and loading.
The board of director of the company in its regulatory filing stated, "Board of Directors has approved payment of Interim dividend of Rs. 4/- per share of face value of Rs. 10/- each (@ 40% of face value of share) for financial year 2022-23. The record date for the purpose of payment of dividend is Tuesday, August 23, 2022. The payment of interim dividend through permissible mode shall be made within 30 days from the date of declaration of interim dividend."
Stock outlook: The current market price of the stock is Rs 390 apiece with a 52-week high of Rs 482 and 52-week low of Rs 262 apiece. It has a market capitalization of Rs 1430 crore.
About the company: It is a manufacturer of specialised chemicals, such as HMDS and CMIC which are predominantly used in the pharmaceuticals industry and inorganic bromides, namely Calcium Bromide, Zinc Bromide and Sodium Bromide, which are predominantly used as completion fluids in the oilfields industry.
The board of directors of the company said in its BSE filing, "This is with reference to letter Co.SecyNM/201/2022 dated May 19, 2022, wherein it was informed that the Board in its meeting held on May 19, 2022 had recommended a Final Dividend RS.14/- per share on the face value of RS.101- each on the Equity Shares of the Company for the Financial Year 2021-22 subject to the approval of the shareholders of the Company in the ensuing Annual General Meeting scheduled to be held in the month of August/September 2022." The Company has fixed the Record Date as Tuesday, August 23, 2022 to determine the eligibility of shareholders to receive the Final Dividend. Stock outlook: The current market price of Hindustan Petroleum Corporation Ltd stock is Rs 248 apiece with a 52-week high of Rs 354 apiece and 52-week low of Rs 206 apiece. It has a market capitalization of Rs 35,208.37 crore.
About Hindustan Petroleum Corporation Ltd: HPCL is an amalgamation of the erstwhile foreign oil companies ESSO and Caltex, which were taken over by the Government of India in 1974 and 1976 respectively. HPCL is a Central Public Sector Undertaking, with a subscribed capital of Rs. 339.33 Crores. The shares are listed on BSE / NSE and are actively traded.
The board of directors of Finolex informed the BSE as, "As informed earlier, the Board of Directors of the Company at its meeting held on 18th May, 2022 has recommended a final dividend of Rs. 2/- (100%) per equity share and a special dividend of Rs. 2/- (100%) per equity share of the face value of Rs. 2/- each, for the financial year ended 31st March 2022 subject to approval of shareholders at the ensuing Annual General Meeting of the Company."
Stock Outlook: The current market price of the stock is Rs 142 apiece with a 52-week high of Rs 268 apiece and 52-week low of Rs 128 apiece. It has a market capitalization of Rs 8,869.72 crore.
About the company: Finolex Industries Ltd (previously known as Finolex Pipes Ltd) was incorporated in 28 March 1981. It offers a vast range of PVC pipes and fittings suitable for diverse applications in agriculture housing and telecommunication.
The board of directors stated in their BSE filing, "Declared Interim Dividend of 250% (Rs. 5/- per ordinary share of face value or Rs. 2/- each) for the financial year 2022-23." The company has determined Tuesday, 23 August, 2022, as the record date for the purpose of the aforesaid Interim Dividend distribution. Dividend shall be paid within 30 days from the date of declaration (i.e. within Sunday, l l v September, 2022).
Stock outlook: The current market price of the stock is Rs 1138 apiece with a 52-week high of Rs 2064 apiece and 52-week low of Rs 975 apiece. The company has a market capitalization of Rs 1982 crore.
About the company: Tide Water Oil Co. (I) Ltd is an integral part of the multi divisional Andrew Yule group that has vast interests in Engineering Electrical Tea Cultivation Power Generation Digital Communication Systems and Lubricants. The company manufactures and sells engine lubricants for the automotive and industrial applications in India.
The board of directors in its regulatory filing stated, "Recommended a dividend of Rs.3.00 per share (30%) on Equity Shares (Listed) of Rs.10/- each for the financial year ended 31st March, 2022, for approval of the members at the forthcoming Annual General Meeting."
Stock outlook: The current market price of the stock is Rs 443 apiece with a 52-week high of Rs 479 apiece and 52-week low of 265 apiece. The company has a market capitalization of Rs 114.70 crore.
About the company: Cravatex Limited is a Global platform for Retail, Brand Licensing, Distribution & Sourcing company with a presence across the Indian Subcontinent, United Kingdom, Europe, North Africa & the Middle East. Cravatex was incorporated in 1951 by Ram Kumar Batra and is part of The Batra Group. At first, Cravatex owned the largest chain of dyers and dry cleaners in India and subsequently diversified into Garment Export, Textile Processing and Printing. The company was taken public on the Bombay Stock Exchange in 1979 and continues to be listed after more than four decades.
The above is the list of stocks that are turning ex-dividend today. Readers should not construe the story for investment advice into the mentioned stocks.