Dividend Stocks This Week: Asian Paints, HUL, LIC, Tata Power Among Shares Going Ex-Dividend

Several companies, including Asian Paints, Hindustan Unilever (HUL), LIC, Tata Power and Supreme Industries, are set to trade ex-dividend next week. Investors looking to receive dividends must own the shares before the ex-date, as only shareholders on the company’s record date are eligible for the payout.

Apart from dividend announcements, a few companies will also undertake bonus issues and share buybacks during the week.

Asian Paints, HUL among key ex-dividend stocks

On June 23, shares of Asian Paints will turn ex-dividend for a final dividend of Rs 23 per share, while Hindustan Unilever will trade ex-dividend for a final dividend of Rs 22 per share.

Other companies going ex-dividend on the same day include Anand Rathi Share and Stock Brokers (Rs 5), Dalmia Bharat (Rs 5), Indian Hotels Company

(Rs 3.25), Tata Power (Rs 2.5) and Thyrocare Technologies (Rs 7).

Panasonic Carbon India and Sangam India will trade ex-dividend on June 22 for final dividends of Rs 12 and Rs 2 per share, respectively.

LIC, Supreme Industries, CARE Ratings on June 25

June 25 will be a busy day for dividend investors, with several companies scheduled to trade ex-dividend.

Life Insurance Corporation of India (LIC) will go ex-dividend for a final dividend of Rs 10 per share. Supreme Industries has announced a final dividend of Rs 25 per share, while CARE Ratings will trade ex-dividend for a final dividend of Rs 14 per share.

Other notable companies include Nippon Life India Asset Management (Rs 12.5), Alkyl Amines Chemicals (Rs 10), Dr. Lal PathLabs (Rs 4), IndusInd Bank (Rs 1.5), Syngene International (Rs 1.25) and Sona BLW Precision Forgings (Rs 1.8).

Bonus issues and buyback

Apart from dividends, Bajaj Auto will trade ex-date on June 24 for its share buyback.

Kotyark Industries has announced a bonus issue in the ratio of 10:1, while ZF Commercial Vehicle Control Systems India will issue bonus shares in the ratio of 5:1. Both stocks are scheduled to trade ex-bonus on June 24.

Investors should note that stock prices typically adjust on the ex-date to reflect the value of the dividend, bonus issue or other corporate action.