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Business News/ Markets / Stock Markets/  Dividend Stocks: Wipro, IIFL Finance, Mastek, among others to trade ex-dividend next week; check full list
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Dividend Stocks: Wipro, IIFL Finance, Mastek, among others to trade ex-dividend next week; check full list

Dividend Stocks: Shares of some companies, including Wipro Ltd, Angle One, and few others will trade ex-dividend in the coming week, starting from January 23

Few stocks are trading ex-dividend, ex-split, and ex-bonus next week (iStock) (iStock)Premium
Few stocks are trading ex-dividend, ex-split, and ex-bonus next week (iStock) (iStock)

Dividend Stocks: Shares of some companies, including Wipro Ltd, Angel One, Mastek, and few others will others will trade ex-dividend in the coming week, starting from Tuesday, January 23. Some other companies will also trade ex-split while some have announced a buy back of shares next week.

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 shareholders whose names appear on the company's list by the end of the record date.

Also Read: FPIs snap buying streak to turn net sellers, offload 13,047 crore in Indian equities: What led to trend reversal?

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


Angel One Ltd: The company declared an interim dividend of 12.7. Shares will trade ex-dividend on January 23.

MAS Financial Services Ltd: The company declared an interim dividend of 3. Shares will trade ex-dividend on January 23.

Wipro Ltd: The IT major declared an interim dividend of 1. Shares will trade ex-dividend on January 24.

IIFL Finance Ltd: The company declared an interim dividend of 4. Shares will trade ex-dividend on January 25.

KDDL Ltd: The company declared a dividend of 58. Shares will trade ex-dividend on January 25.

Ksolves India Ltd: The company declared an interim dividend of 7.5. Shares will trade ex-dividend on January 25.

Mastek Ltd: The company declared an interim dividend of 7. Shares will trade ex-dividend on January 25.

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


Arnold Holdings Ltd will declare a buyback of shares on January 25.

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.

Also Read: Budget 2024: From capex target to fiscal deficit, CareEdge predicts these changes for India's economy

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


Dolphin Offshore Enterprises (India) Ltd will undergo a stock split from 10 to 1. Shares will trade ex-split on January 25.

A stock split is a corporate action and happens when a company increases the number of its shares to boost the liquidity. The company issues additional shares to shareholders, increasing the total by the specified ratio based on the shares they held previously.

The most common split ratios are 2-for-1 or 3-for-1 (sometimes denoted as 2:1 or 3:1). This means for every share held before the split, each stockholder will have two or three shares, respectively, after the split.
 

Other Corporation Action:


Asarfi Hospital Ltd: E.G.M. on January 23

Akshar Spintex Ltd: E.G.M. on January 24

Prime Fresh Ltd: E.G.M. on January 24

Sri Adhikari Brothers Television Network Ltd: Resolution Plan -Suspension on January 24

Shree Rajasthan Syntex Ltd: E.G.M. on January 24

Asian Hotels (East) Ltd: E.G.M. on January 25

Brijlaxmi Leasing & Finance Ltd: E.G.M. on January 25

Joy Realty Limited: E.G.M. on January 25

Magnum Ventures Ltd: Right Issue of Equity Shares on January 25

Robust Hotels Ltd: E.G.M. on January 25

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ABOUT THE AUTHOR
Nikita Prasad
Nikita covers business news and has been producing news on digital platforms since 2018. She writes on economy, policy, markets, commodities, industry. Her core areas of interests include infrastructure, energy, oil and gas, railways, and transport/mobility. She has worked for business news channels like Moneycontrol, NDTV Profit, and Financial Express in the past. If you have story ideas/pitches/reports or quotes/views to share, reach her at nikita.prasad@htdigital.in.
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Published: 20 Jan 2024, 07:53 PM IST
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