Dividend stocks: Tata Power, Uniparts India among shares to trade ex-dividend today

The corporate earnings for the quarter ended March 2023 were in line with street estimates with banking and automobile companies delivering robust performance. Investors now await the payment of dividends declared by various companies during the announcement of Q4FY23 results 2023. 

Shares of Tata Power, Uniparts India and Seshasayee Paper & Board, among others will be in focus as they will trade ex-dividends today.

Also Read: Day trading guide for today: Six buy or sell stocks for Wednesday — June 7

Here are the stocks that will trade ex-dividend on June 7, Wednesday:

Tata Power

The Tata Group company, Tata Power will trade ex-dividend on Wednesday. The company had announced a final dividend of ₹2 per equity share.

“The Board has recommended a dividend of ₹2 per Equity Share of ₹1 each (@ 200%) to the shareholders for the year ended 31st March 2023,” the company had said in a regulatory filing while announcing its March quarter earnings.

Also Read: Stocks to Watch: Adani Ent, Tata Consumer, BoB, Adani Power, Varun Beverages

Uniparts India

Uniparts India, the manufacturer of engineered systems and solutions, will also trade ex-dividend today. The company has declared second interim dividend of ₹6 per equity share of face value of ₹10 each i.e., 60% of the equity share capital of the company for the financial year 2022-23.

The record date for determining the shareholders who will be entitled to the said dividend is also June 7. 

Seshasayee Paper & Boards 

The company declared a dividend of ₹6 per equity share. The stock turns ex-dividend today.

“The Board of Directors has recommended payment of dividend of ₹6 per Equity Share of Rs. 2 each, for the financial year 2022-23. The dividend, if approved by the Members at the ensuing 63rd Annual General Meeting to be held on June 17, 2023, will be paid on or after June 19, 2023,” the company said.

Also Read: Global market: SGX Nifty to Coinbase share plunge - key triggers for Indian stock market today

Marksans Pharma

Marksans Pharma will trade ex-dividend today. The company had announced a final dividend of ₹0.50 per share. The record is also June 7.

Optiemus Infracom

The shares of Optiemus Infracom will also be in focus as they will turn ex-dividend today. The company’s board had declared an interim dividend of ₹1.5 per equity share of ₹10 each i.e. 15% on the equity share capital of the company for the financial year 2022-23.

Read all Market related news here