News

Rs 21.75 Dividend: Several stocks will be in focus in Monday’s trade as they turn ex-dividend today, February 2. These companies had announced interim dividends, and today is the ex-date for the payouts.

Under the T+1 settlement system, investors needed to buy these shares by the previous trading session to be eligible for the dividend. Shares bought on or after today will not qualify for the announced payout.

A dividend is a part of a company’s profit that is paid to its shareholders. When a company makes profits, it can either reinvest the money or share some of it with investors. The money shared with investors is called a dividend.

Only shareholders who own the stock before the ex-dividend date are eligible. If you buy the share on or after the ex-date, you will not get the dividend.

- Balkrishna Industries Ltd will trade ex-dividend for an interim dividend of Rs 4 per share.

- Bharat Petroleum Corporation Ltd will turn ex-dividend today for an interim dividend of Rs 10 per share.

- Gopal Snacks Ltd will trade ex-dividend after announcing an interim dividend of Rs 0.35 per share.

- LT Foods Ltd will be in focus with its shares turning ex-dividend for an interim dividend of Rs 1 per share.

- Metro Brands Ltd will trade ex-dividend today following the announcement of an interim dividend of Rs 3 per share.

- Share India Securities Ltd will turn ex-dividend for an interim dividend of Rs 0.40 per share.

- Siyaram Silk Mills Ltd will also trade ex-dividend today for an interim dividend of Rs 3 per share.

On the ex-dividend date, a stock price usually adjusts to reflect the dividend payout. This can lead to a notional drop in the share price, although actual movement depends on market conditions.

Dividend eligibility is determined by the record date and ex date. Investors buying these shares today will not receive the announced dividends.