320% Dividends: Persistent, Route Mobile, CESC, Others: 25 Stocks Eyed This Week For Their Interim Dividends

A total of 25 stocks are in focus during the trading week starting from January 29 to February 2nd, as majority of them will turn ex-dividend for their upcoming interim or final dividends. On Monday, four stocks turned ex-dividend, and more to follow. Some of the popular stocks are Persistent Systems, CESC, Route Mobile, Indian Energy Exchange, Siemens, Oberoi Realty, Mangalore Refinery Petrochemicals and Zensar Technologies.

Generally, dividends reflect a company's potential and ability to share a portion of its net profits from the respective financial year with its shareholders. They are paid to those eligible shareholders who hold the dividend-paying stock at the specified date which are called as record date. But notably, dividends vary into three categories, interim, special and final.

The majority of the stocks turning ex-dividend this week will pay interim dividends ahead, most likely in February month. The ex-dividend dates of these stocks are same as record dates.

Here is the list:

January 29:

A total of four stocks turned ex-dividend on Monday, January 29.

360 One WAM: Financial services provider, 360 One's stock turned ex-dividend for an interim dividend of Rs 4.5 per share.

Accelya Solutions India: This leading global software provider to the airline industry, turned ex-dividend for Rs 25 interim dividend per share.

Goa Carbon: Manufacturer of Calcined Petroleum Coke, this listed stock turned ex-dividend for Rs 10 per share interim dividend payout.

PCBL: The stock turned ex-dividend for an interim dividend of Rs 5.5 per share. PCBL is the largest carbon black manufacturer in India and a strong global player with a significant customer base in 50+ countries.

January 30:

Three stocks will turn ex-dividend on Tuesday, January 30.

Gothi Plascon (India): Engaged in real estate and property business, Gothi Plascon's share price will be turning ex-dividend for an interim dividend of Rs 2 per share.

Persistent Systems: This IT giant is set to pay a hefty interim dividend of Rs 32 per share, for which it will turn ex-dividend on Tuesday as well.

Siemens: This technology company focused on industry, infrastructure, digital transformation, transport as well as transmission, is set to pay a final dividend of Rs 10 per share.

January 31:

On Wednesday, January 31, two stocks will turn ex-dividend, while 1 stock will be considering dividend benefits.

Metro Brands: Footwear maker, previously known as Metro Shoes, is going to pay an interim dividend of Rs 2.75 per share.

Poonawalla Fincorp: Indian non-banking financial company, Poonawalla Fincorp is engaged in consumer and MSME financing. The company will be paying an interim dividend of Rs 2 per share.

Suraj Ltd: Suraj Limited is a reputed manufacturer of stainless steel tubes in India. The company is going to consider an interim dividend in a board members meeting scheduled on Tuesday.

February 1:

On Thursday, February 1, 2024, a total of seven stocks will turn ex-dividend for their upcoming dividend payout.

Bigbloc Construction: Primarily engaged in the manufacture, sale and marketing of AAC (Aerated Autoclaved Concrete) Blocks, Bigbloc will turn ex-dividend for an interim dividend payout of Rs 0.2 per share.

CESC: Kolkata-based flagship company of the RP-Sanjiv Goenka Group, CESC will turn ex-dividend for the dividend payout to the tune of Rs 4.5 per share.

Havells India: Indian multinational electrical equipment company, based in Noida, Havells is set to pay an interim dividend of Rs 3 per share.

Puravankara: A Publicly-held real estate development company in India, Puravankara will turn ex-dividend for an interim dividend of Rs 6.3 per share.

Route Mobile: Telecom services provider in the midcap basket, Route Mobile declared a third interim dividend of Rs 3 per share having a face value of Rs 10 each for FY24. The company fixed February 1, 2024, as the record date to ascertain the eligibility of the shareholders.

TIPS Industries: Indian music record label and film production, film promotion, and film distribution company in Mumbai, TIPS Industries will turn ex-dividend for a payout of Rs 3 per share.

WENDT (India): Wendt India has been a reliable grinding solution provider company for three decades. The company will pay dividends up to Rs 30 per share.

February 2:

On Friday, February 2, 2024, a total of 8 stocks will turn ex-dividend for their dividends payout.

Balkrishna Industries: Indian multinational tyre manufacturing company, Balkrishna will turn ex-dividend for an interim dividend of Rs 4 per share.

Control Print: Coding & Marking Equipment Manufacturer, Control Print will turn ex-dividend for an interim dividend payout of Rs 4 per share.

Indian Energy Exchange: India's power trading platform, IEX to turn ex-dividend for an interim dividend of Rs 1 per share ahead.

Kewal Kiran Clothing: One of India's largest branded apparel manufacturers, Kewal Kiran to turn ex-dividend for a dividend payout of Rs 2 per share.

Mangalore Refinery and Petrochemicals Limited (MRPL): The oil and gas division under the ownership of the Ministry of Petroleum and Natural Gas, MRPL will turn ex-dividend for an interim dividend of Rs 1 per share.

Oberoi Realty: A leading realty developer in Mumbai, Oberoi Realty is to turn ex-dividend for an interim dividend of Rs 2 per share.

Share India Securities: Stock Broking firm Share India is going to turn ex-dividend for an interim dividend of Rs 3 per share.

Zensar Technologies: Zensar is a leading experience, engineering, and technology solutions company, and it will turn ex-dividend for an interim dividend payout of Rs 2 per share.