Get Ready for Upcoming Dividends: 12-16 Feb 2024

Tanushree Jaiswal

Last Updated: 12th February 2024 - 04:45 pm

Stocks of several companies including Nestle India, ONGC, Power Grid Corporation of India, Dr. Lal PathLabs and others will go ex-dividend this week starting Monday, 12 February. Some other companies will also trade ex-bonus during the week.

Ex-dividend date is important for both current shareholders and potential new investors. It's the day when a company's shares start trading without including the value of the next dividend payment.

In simple terms, if you bought the stock before the ex-dividend date, you'll get the upcoming dividend payment. But if you bought it on or after the ex-dividend date, you won't receive the dividend.

Company	Interim Dividend (₹) Per Share	Ex-Dividend Date
Cochin Shipyard	3.50	12-Feb
Engineers India	2.00	12-Feb
Torrent Pharmaceuticals	22.00	12-Feb
Gulf Oil Lubricants India	16.00	13-Feb
KPR Mill Dividend	2.50	13-Feb
Indo Thai Securities	1.00	13-Feb
SMC Global Securities	1.20	13-Feb
Tamil Nadu Newsprint & Papers	3.00	13-Feb
Gulf Oil Lubricants India	16.00	13-Feb
Sundaram Finance Holdings	2.00	13-Feb
Orient Electric	0.75	13-Feb
Tube Investments of India	2.00	13-Feb
Steelcast	1.35	13-Feb
Dr. Lal PathLabs	12.00	13-Feb
Sumitomo Chemical	5.00	14-Feb
Dhanuka Agritech	8.00	14-Feb
Procter & Gamble Health	150 (Interim) + 150 (Special)	14-Feb
Archean Chemical Industries	1.00	14-Feb
HIL Limited	15.00	14-Feb
Nestle India	7.00	15-Feb
Power Grid Corporation of India	4.50	15-Feb
Man Infraconstruction	0.54	15-Feb
Uno Minda	0.65	15-Feb
IRCON International	1.80	16-Feb
Manappuram Finance	0.90	16-Feb
ONGC	4.00	16-Feb
Banco Products	20.00	16-Feb

Upcoming bonus issue announcements for the following companies:

Intellivate Capital Ventures Ltd has declared a bonus issue in the ratio of 2:1. This means shareholders will receive two additional shares for every one share held. The shares will start trading ex-bonus on 12 February.
K.P. Energy Ltd has also declared a bonus issue in the ratio of 2:1. Similar to Intellivate Capital Ventures Ltd, shareholders will receive two bonus shares for every one share held and the shares will trade ex-bonus on 12 February.
Akshar Spintex Ltd has declared a bonus issue in the ratio of 1:5. This implies that shareholders will be entitled to receive one additional share for every five shares held. Ex-bonus trading for Akshar Spintex Ltd will commence on 15 February.

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