Dividend Stocks: ITC, ICICI Lombard, Indian Bank, among others to trade ex-dividend next week; Full list here

Dividend Stocks: Shares of several companies including ICICI Lombard General Insurance Company Ltd, ITC, Anand Rathi, Indian Bank, among several others will trade ex-dividend in the coming week starting from Monday, June 3. Along with these, some companies have declared a buyback of shares, while some have announced other corporate actions including E.G.M, according to data on the BSE.

The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout. It is the day the stock becomes ex-dividend, which means it does not carry the value of its next dividend payment from that day forward. Dividends are payable to all the shareholders whose names appear on the company's list by the end of the record date.

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The following are the stocks that have declared dividend in the upcoming week:

Stocks trading ex-dividend on Monday, June 3, 2024:

Anand Rathi: The company declared a final dividend of ₹9

D B Corp Ltd: The company declared an interim dividend of ₹8

Rallis India Ltd: The company declared a final dividend of ₹2.5

Sundram Fastners Ltd: The company declared an interim dividend of ₹4.17

Stocks trading ex-dividend on Tuesday, June 4, 2024:

Foseco India Ltd: The company declared a final dividend of ₹25.

ITC Ltd: The FMCG major declared a final dividend of ₹7.5

Stocks trading ex-dividend on Wednesday, June 5, 2024:

Manappuram Finance: The company declared an interim dividend of ₹1.

Stocks trading ex-dividend on Thursday, June 6, 2024:

Clara Industries: The company declared an interim dividend of ₹0.5

Vuenow Infratech Ltd: The company declared an interim dividend of ₹0.25

Stocks trading ex-dividend on Friday, June 7, 2024:

Home First Finance Company India Ltd: The company declared a final dividend of ₹3.4

Himadri Speciality Chemical Ltd: The company declared a final dividend of ₹0.5

ICICI Lombard General Insurance Company Ltd: The insurer declared a final dividend of ₹6

Indian Hotels Co. Ltd: The company declared a final dividend of ₹1.75

IndiaMART InterMESH Ltd: The company declared a final dividend of ₹20

Indian Bank: The state-owned lender declared a final dividend of ₹12

JM Financial Ltd: The brokerage declared a final dividend of ₹2

Richfield Financial Services Ltd: The company declared a final dividend of ₹0.8

SMC Global Securities Ltd: The company declared a final dividend of ₹1.2

UNO Minda Ltd: The company declared a final dividend of ₹1.35.

The following are the stocks that have declared a buyback in the upcoming week:

Anand Rathi Wealth Ltd will declare a buyback of shares on June 3

Sharda Motor Industries Ltd will declare a buyback of shares on June 5

A buyback is when a company buys back its shares from the existing shareholders. A company can announce a buyback offer either through a tender offer or through the open market or from odd-lot holders. The buyback offer price is usually higher than the market price.
 

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Other Corporate Action:

Gujarat Toolroom Ltd: Right Issue of Equity Shares on June 5

Omansh Enterprises Ltd: Resolution Plan -Suspension on June 5

Insolation Energy Ltd: E.G.M. on June 7