As many as nine stocks will see their record date for dividend announcement they made earlier, along with their September quarter results. The eight s…
1/8As many as nine stocks will see their record date for dividend announcement they made earlier, along with their September quarter results. The eight stocks include names such as Hexaware Technologies, L&T Technology Services, Cyient, Nippon Life India AMC, CRISIL, Shriram Finance, Chennai Petro, RailTel & Steel Strips Wheels.
2/8Hexaware Technologies will trade ex-dividend from Monday, October 26 itself. The company had announced an interim dividend of ₹9.5 per share. The stock though, continues to trade below its IPO price of ₹708.
3/8L&T Technology Services was one of the few stocks that managed to survive the broader market sell-off last week as it reported a strong quarterly earnings performance and also issued a positive outlook on the road ahead. The company also announced an interim dividend of ₹20 per share, the record date for which has been fixed as Tuesday, October 27.
4/8Another stock that managed to survive last week’s carnage was Cyient, which outperformed the indices after its quarterly results. The company has announced an interim dividend of ₹12 per share. The record date for which has been fixed as Wednesday, October 28.
5/8Nippon Life India AMC is another stock whose record date for the interim dividend of ₹9.5 per share, announced alongside its quarterly results, has been fixed for Wednesday, October 28. The stock has declined after its results.
6/8Two more stocks will see their respective record dates for their interim dividend announcements made alongside its quarterly results on Thursday, October 29. CRISIL has announced an interim dividend of ₹17 per share, while for Shriram Finance, the interim dividend is ₹6.5 per share.
7/8Chennai Petro announced its quarterly results last week but more importantly, also declared an interim dividend of ₹25 per share, the record date for which has been fixed as Friday, October 30.
8/8The final two names whose record dates will take place this week are RailTel, who announced an interim dividend of ₹1, and Steel Strips Wheels, who announced an interim dividend of ₹1.5 per share. Shares of Steel Strips Wheels have gained more than 100% so far this year, while those of RailTel have been major underperformers.