6 Stocks To Turn Ex-Dividend This Week Ending On April 15

As we have entered a new financial year, with several companies to begin posting their quarterly numbers ending in March 2023. Meanwhile, there are 6 companies who had declared a dividends earlier will turn ex-dividend this week. The companies are Britannia Industries, Edelweiss Financial Services Ltd., Good Luck India Ltd., Varun Beverages, Visaka Ind, and Schaeffler Ind. The details are given below.

1. Britannia Industries

Britannia Industries had declared an interim dividend of Rs 72 per equity share of face value Re 1 each (7200%). Post the set the record date April 13, 2023, it will be ex-dividend. The company has a good track record of paying dividends consistently. Based on the current market price of Rs 4287.80, the realised dividend yield is 1.68%.

2.Edelweiss Financial Services Ltd.

The board of Edelweiss Financial Services Ltd approved a dividend payout of Re 0.25 per equity share on the face value of Re 1 each for the financial year ending March 31, 2023. After the record date, April 13, 2023, it will be ex-dividend. The company has a good track record of paying dividends consistently, last year it paid a dividend of Rs 1.45 per share. Based on the current market price of Rs 54.78, the realised dividend yield on interim dividend is 0.45%.

3. Good Luck India Ltd.

Good Luck India Ltd announced to pay an interim dividend of Rs 2 Per Equity Share of Rs 2 each for the financial year 2022-23, and fixed April 14, 2023 as the record date but it will turn ex-dividend on April 13, 2023. This stock is listed on national stock exchange (NSE) only. Additionally the company has set April 20, 2023 as the date of payment of interim dividend. The company has paid regular dividends in the past. Last year it paid a total dividend of Rs 3.5 per share. At the current share price of Rs 421.10, interim dividend yield results in 0.48%.

4. Varun Beverages Ltd

Varun Beverages Ltd has announced a final dividend of Re 1 per equity share of face value of Rs 10 each for the financial year ended in December 31, 2022 and set Wednesday, April 12, 2023 as the record date, which will turn ex-dividend after that. In last 5 years it the company has paid dividends regularly. Last year it paid a total dividend of Rs 3.5 per share. At the current share price of Rs 1400.70 this results in a final dividend yield of 0.07%

5. Visaka Industries Ltd

Visaka Industries Ltd board of directors has approved payment of interim dividend of Rs 7 per equity share (i.e., 70% on the face value of Rs.10/- per share) for the financial year 2022-23, with April 12, 2023, being the record date fixed for this purpose, after that it will be deemed as ex-dividend. The company has a good dividend track report and has consistently declared dividends for the last 5 years and last year it paid a total dividend of amounting to Rs 15 per share. Based on the current market price of Rs 384.30, the realised interim dividend yield is 1.82%.

6. Schaeffler India Ltd

Schaeffler India Ltd, in its board meeting approved to pay a dividend at the rate of Rs 24 (1200%) per equity share of face value Rs 2 each, for the financial year ending in December 2022. To pay the dividend the company had set a book closure period beginning from Wednesday, April 12, 2023 to Tuesday, April 18, 2023, both days inclusive, for identifying the list of members eligible for the payment of Dividend. At the current market price of Rs 3063.80 per equity share, the declared dividend results in a dividend yield of 0.78%.

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