Dalal Street Investors looking for dividend income will have a busy week ahead, with 42 companies, including big names like Oil and Natural Gas Corporation (ONGC), MRF, Akzo Nobel, and Cochin Shipyard, going ex-dividend next week. This means their shares will start trading without the rights to their respective dividends, so eligible investors must own the stocks before the ex-dividend date.
Among the major companies, ONGC has declared an interim dividend of Rs 6 per share, Akzo Nobel India is offering Rs 70, and MRF is paying Rs 3 per share. MRF has set November 20 as its record date with the ex-dividend date on November 19. ONGC and Akzo Nobel will also go ex-dividend on November 19, with November 20 as the record date.
Other companies declaring interim dividends include Cochin Shipyard (Rs 4), Manappuram Finance (Re 1), and Chambal Fertilisers & Chemicals (Rs 5), with Cochin Shipyard and Chambal Fertilisers’ ex-dividend date set for November 19, while Manappuram Finance will go ex-dividend on November 18.
Additionally, companies like Emami, Ashok Leyland, Asian Paints, and Gujarat Pipavav Port will also be distributing dividends next week. Key dates include November 18 for Manappuram Finance, November 19 for MRF, and November 20 for Akzo Nobel and ONGC.
For investors, it’s essential to note that the ex-dividend date is crucial, as only those holding shares before this date will be eligible for the dividends. With the festive season underway, this is an opportune time for those seeking steady income from their stock holdings.
