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Business News/ Markets / Stock Markets/  Dividend stocks: Three shares to trade ex-dividend, one to announce dividend today. Do you own any of them?

Dividend stocks: After end of Q4 results season, stock market investors are eagerly waiting for the payment of dividend declared by various listed companies during the announcement of Q4 results 2023. For such stock investors, there is a piece of stock market news as three stocks are going to trade ex-dividend today and those three dividend paying stocks are Nelco, Seshasayee Pape and Prime Securities. Apart from this, Vipul Ltd stock would also be in focus as its board of directors are expected to consider and approve proposal for dividend payment in its meeting scheduled today.

Dividend stocks for today

Among three dividend paying stocks that are going to trade ex-dividend today, Tata group stock Nelco is one of them. Tata group company declared 2 per share dividend and fixed 6th June 2023 as record date for dividend record date.

Nelco informed Indian bourses about the dividend payment citing, "The Board of Directors have recommended a Dividend of Rs. 2.00/- per Equity Share of Rs.10/- each (20%) to the shareholders for the Financial Year 2022-23 subject to the approval of the shareholders at the ensuing Annual General Meeting."

Seshasayee Pape is another dividend stock that has announced 6 per share dividend to its eligible shareholders. Seshasayee Pape informed Indian stock market bourses about the dividend payment citing, "The Board of Directors of the Company at their meeting held on April 29, 2023, recommended payment of Dividend of 6/- (Rupees Six only) per Equity Share of 2 each, for the financial year 2022-23 for approval of the Members of the Company at the ensuing 63rd Annual General Meeting." Later on, the company board approved the proposal and fixed 6th June 2023 as record date for finalising the eligible shareholders for dividend payment.

Third stock, that is going to trade ex-dividend today is Prime Securities. The company board has declared 0.50 per share dividend for the eligible shareholders fixing record date on 6th June 2023.

Prime Securities informed Indian stock market exchanges about the dividend citing, "We wish to inform you that the Board of Directors of Prime Securities Limited (“the Company") at their Meeting held today, i.e. Friday, April 21, 2023, has inter-alia recommended a Dividend of 0.50 per Equity Share of 5/- each (10%) to the Members of the Company for the Financial Year ended March 31, 2023."

Stock to announce dividend today

Dividend stock that going to announce dividend today is Vipul Ltd. The company board is going to consider dividend after a gap of near four years as the stock had traded ex-dividend last time in September 2019.

The dividend stock informed about the dividend proposal citing, "We would like to inform you that due to unavailability of the requisite quorum as per provision of Section 174 of the Companies Act, 2013 read with Regulation 17(2A) of SEBI (LODR) Regulations, 2015, the above said meeting of the Board of Directors of the Company automatically stands adjourned to the same day same place next week. Subsequently the adjourned meeting will be held on Tuesday, June 06, 2023 through audio visual means of communication at the Corporate Office of the Company, inter alia, to consider and approve the Audited Financial Results for the 4th Quarter and Financial Year ended March 31, 2023 (Standalone and Consolidated) and to consider and recommend Dividend for the Financial Year ended March 31, 2023, if any."

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Asit Manohar
Chief Content Producer at Live Mint Digital Team
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
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Updated: 06 Jun 2023, 08:53 AM IST
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