From Tata Investment Corp To Cyient 6 Stocks Turning Ex-Dividend On Monday

On Monday, June 12, shares of Tata Investment Corporation, Reliance Industrial Infrastructure, Apcotex Ind, Indian Bank, ICICI Lombard, and Cyient will trade ex-dividend on Dalal Street. The market trend is expected to be significantly influenced by global cues next week encompassing the outcomes of the FOMC meeting, the US inflation print, and the release of domestic inflation data for May which is expected to reflect a slowing from the present level of 4.7%.

Reliance Industrial Infrastructure

The Board of Directors of the company have recommended a dividend of Rs 3.50 per equity share of Rs 10/- each for the financial year ended March 31, 2023 and Reliance Industrial Infrastructure has fixed Monday, June 12, 2023 as the "Record Date" for the purpose of determining the Members eligible to receive dividend for the financial year 2022-23. As per the data of NSE, the stock will start trading ex-dividend on 12th June.

On Friday the shares of Reliance Industrial Infrastructure closed on the NSE at Rs 942.25 apiece down by 0.78% from the previous close of Rs 949.70. The stock made a 52-week-high of Rs 1,257.00 on (11-Oct-2022) and a 52-week-low of Rs 716 on (20-June-2022).

Apcotex Industries

The Board of Directors of the company have recommended a dividend of Rs 3.50 per share for the financial year ended March 31, 2023. Apcotex Industries has fixed 12th June 2023 as the record date for the purpose of Annual General Meeting & payment of final dividend, if declared at the AGM.

On Friday, the shares of Apcotex Industries closed on the NSE at Rs 532 apiece down by 0.31% from the previous close of Rs 533.65. The stock touched a 52-week-high of Rs 669.00 on (23-Sep-2022) and a 52-week-low of Rs 398 on (14-Feb-2023).

Tata Investment Corporation

The Board of Directors of Tata Investment Corporation have recommended a dividend of Rs 48 per share. As per the data of NSE, the stock is going to trade ex-dividend on 12-June-2023.

On Friday, the shares of Tata Investment Corporation closed on the NSE at Rs 2,339 apiece, up by 0.37% from the previous close of Rs 2,330.45. The stock touched a 52-week-high of Rs 2,883.40 on (15-Sep-2022) and a 52-week-low of Rs 1,215.95 on (20-June-2022).

Indian Bank

The Board of Directors of Indian Bank have recommended a dividend of Rs.8.60 per equity share i.e @ 86% of paid up equity capital of the bank for the financial year 2022-23 and the Record Date for payment of dividend will be Monday, the 12th June, 2023.

On Friday, the shares of Indian Bank closed on the NSE at Rs 285 apiece up by 0.46% from the previous close of Rs 283.70. The stock touched a 52-week-high of Rs 335 on (04-May-2023) and a 52-week-low of Rs 140 on (20-Jun-2022).

ICICI Lombard General Insurance Co Ltd

The Board, at its Meeting held on April 18, 2023, had recommended a final dividend of Rs 5.50/- per equity share i.e. at the rate of 55.0% of face value of Rs 10/- each for the financial year ended March 31, 2023 subject to approval of Members of the Company at the ensuing Annual General Meeting ("AGM").

"Pursuant to Regulation 42 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the final dividend, if approved at the AGM, will be paid to the equity shareholders of the Company, whose name appear in the Register of Members of the Company or in the records of the Depository(ies) as beneficial owners of the equity shares as on the Record date i.e. Monday, June 12, 2023. The final dividend, if approved at the AGM will be paid to the equity shareholders on or before Friday, July 21, 2023," said ICICI Lombard in a stock exchange filing.

On Friday, the shares of ICICI Lombard closed on the NSE at Rs 1,215.15 apiece down by 2.99% from the previous close of Rs 1,252.65. The stock made a 52-week-high of Rs 1,369 on (17-Aug-2022) and a 52-week-low of Rs 1,049.05 on (16-Mar-2023).

Cyient

"This is to inform that 12 June 2023 is fixed as the cut-off date for the purpose of final dividend and evoting in connection with the Annual General Meeting of the Company scheduled to be held on 21 June 2023. It is further informed that the board of directors of the company have recommended a Final dividend of Rs 16.00 per equity share (320%) on par value of Rs 5.00 per share for the financial year ended 31 March 2023 to those members as on record date (12 June 2023) subject to the approval of members at the ensuing Annual General Meeting of the company. The dividend will be paid within 30 days from the date of AGM," said Cyient in a stock exchange filing.

On Friday, the shares of Cyient closed on the NSE at Rs 1,383 apiece up by 1.88% from the previous close of Rs 1,357.50. The stock hit a 52-week-high of Rs 1,524.75 on (02-Jun-2023) and a 52-week-low of Rs 723.80 on (03-Nov-2022).