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Business News/ Markets / Stock Markets/  3 stocks to turn ex-dividend today, 1 stock to split; check details here
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3 stocks to turn ex-dividend today, 1 stock to split; check details here

Stock prices of Sula Vineyards, Tata Coffee, and Anupam Rasayan India will be in focus on Monday as these shares turn ex-dividend. Meanwhile, Visaka Industries stock price will also see movement as the stock split of 5:1 will be adjusted today.

The three mentioned companies that will pay dividend will determine eligible shareholders for the benefits by end of May 15 business hours. Premium
The three mentioned companies that will pay dividend will determine eligible shareholders for the benefits by end of May 15 business hours.

Stock prices of Sula Vineyards, Tata Coffee, Anupam Rasayan India, and Visaka Industries will be in focus on Monday. 3 of these stocks are going to turn ex-dividend, while 1 stock is scheduled for sub-dividend aka split. Ex-date is generally the day when the price of the equity shares of a company gets adjusted for corporate actions such as bonus issues, dividends, and stock splits.

The record date of these stocks is the same as the ex-date. That means, that the mentioned companies will determine eligible shareholders for the dividend benefits on May 15.

Here is the list of the stocks that will turn ex-dividend and ex-split today:

Tata Coffee:

In the previous trading session, which is last week's Friday, Tata Coffee's share price closed at 229.25 apiece down by 0.20% on BSE. However, the stock recorded nearly 2% in overall weekly performance.

The company will pay a dividend of 3 per equity share (300%) having a face value of Re 1 each for the fiscal FY23. For this dividend, the stock will turn ex-date on Monday.

Tata Coffee is a subsidiary of Tata Consumer Products and comes under the umbrella of Tata Group, producing coffee, tea, pepper, and related products.

Read here: Global market: SGX Nifty, US dollar to Q4 results — key triggers that may dictate Indian stock market today — 15th May

Sula Vineyards:

India's largest winemaker, Sula Vineyards is scheduled to pay a final dividend of 5.25 per share having a face value of 2 each for FY23. In percentage terms, the dividend is 262.5%.

The record date is the same as the ex-dividend date on May 15 to determine eligible shareholders for this dividend benefit.

This would be the first dividend payment to shareholders since listing on exchanges.

On Friday, Sula's share price closed at 442.20 apiece up by 0.96% on BSE. In the week that ended on May 12, Sula's stock price gained by a whopping 10.9% on Dalal Street.

Anupam Rasayan India:

This company is paying a third interim dividend of 1.50 per share (!5%) having a face value of 10 each for FY23. Earlier, the company paid a second interim dividend of 0.60 per share whose ex-date was on February 8, 2023, and the first interim dividend of 1 per share with an ex-dividend date in August last year. It also paid a final dividend of 1 per share with an ex-date on September 2, 2022.

On Friday, Anupam Rasayan's share price closed at 1165 apiece up by 2.02% on BSE. The stock's last week's gain is around 4%.

Anupam Rasayan is one of the leading companies engaged in the custom synthesis and manufacturing of specialty chemicals in India.

Read here: Infosys rewards employees by allotting equity shares under two schemes; check details

Visaka Industries:

This small-cap stock will be turning ex-split on Monday. Here, every 1 equity share having a face value of 10 each -- will split into 5 equity shares having a face value of 2 each. The stock split ratio is 5:1.

Last week, on Friday, Visaka Industries' stock price closed flat at 435.85 apiece on BSE. The weekly performance was a drop of 1.4%.

Visaka's portfolio varies from manufacturing corrugated cement sheets and fibre cement boards to hybrid solar roofs and human-made fibre yarn.

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Published: 15 May 2023, 08:36 AM IST
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