These stocks will trade ex-dividend on May 29, check details here

Ahead of the opening of the stock market, market watchers should be aware of ongoing corporate announcements covering interim dividend. Anand Rathi, MM Forgings and IRB Infra Ltd will trade ex-dividend on May 29 with respect to the interim dividends announced by the companies.

The ex-dividend date is when the price of the equity shares of a company gets adjusted for the dividend payout. It is one or two working days before the record date. All the shareholders whose names appear in the company's list by the end of the record date will be eligible to receive dividends.

The ex-dividend date is the price of the equity shares of a company that gets adjusted for the dividend payout.

Here is the list of stocks with their dividend payout details for which they will turn ex-dividend

a) Anand Rathi Wealth: The company has declared interim dividend of ₹7 per share. The stock will trade ex-dividend on 29 May, 2023.

On Friday, the stock closed 0.84 per cent up at ₹856.10 on BSE.

b) MM Forgings: The company has declared interim dividend of ₹6 per share. The stock will trade ex-dividend on 29 May, 2023.

In the past twelve months, MM Forgings has declared an equity dividend of 60 per cent  amounting to ₹6 per share. At the current share price  this results in a dividend yield of 0.71 per cent. On Friday, the company's scrip ended 0.97 per cent down at ₹843.90 on BSE.

c) IRB Infrastructure Developers:  The company has declared interim dividend of ₹0.0750 per share. The stock will trade ex-dividend on 29 May, 2023.

In the past twelve months, IRB Infrastructure Developers declared an equity dividend 20 per cent amounting to ₹0.2 per share.. At the current share price this results in a dividend yield of 0.73 per cent. On Friday, the company's scrip ended 0.51 per cent down at ₹27.55 on BSE.