Rs 0.60-2/Sh Dividend: 1 Smallcap, 1 Midcap Ex-Dividend On Monday, November 11, 2024; How Stocks Performed?

On Monday, two listed stocks, DCM Shriram Limited and TD Power Systems Ltd. turned ex-dividend for their interim dividend rewards. Simply put, November 11 is the final day to buy shares of DCM Shriram and TD Power Systems in order to be eligible for the dividends announced by these companies. The two stocks are from diverse baskets. While DCM is a midcap, TD Power is a small-cap stock. The dividend rewards range from Rs 0.60 to Rs 2 per share.

A dividend is the distribution of a company's profits to its shareholders, typically in the form of cash or additional shares. This payout often results in a drop in the stock price, as the value of the dividend is subtracted from the share price on the ex-dividend date. The company may decide to use its earnings for various purposes, such as paying off debts, saving for future needs, or rewarding shareholders with dividends.

Dividend Stocks On November 11:

DCM Shriram Ltd a leading player in the agri-business and chemicals sector, has announced an interim dividend for the financial year 2024. The company has declared a dividend of Rs.2.00 per share with the ex-dividend date set for November 11, 2024, which is also the record date for the interim dividends. The payment date for all the shareholders is set on November 28, 2024.

By the end of the November 11 trading session, DCM Shriram's stock was priced at Rs.1,242.20, with a 1.02% dip.

As per the data from Trendlyne, the company provides its shareholders with consistent dividends, and has declared 52 dividends since 2000. In the past 12 months, DCM Shriram Ltd. declared a total equity dividend of Rs. 8.60 per share. At the current share price, this translates to a dividend yield of 0.69%.

TD Power Systems Ltd a small-cap company in the power sector, declared an interim dividend of Rs.0.60 per share, with its ex-dividend date set for November 11, 2024. TD Power Systems has declared 17 dividends since 2012 and in the past 12 months, the company has distributed a total of Rs. 1.70 per share. At the current share price, TD Power Systems Ltd.'s dividend yield stands at 0.42% as per Trendlyne's data.

The stock closed at Rs.409.45 today down by 1.42%. Over the past 6 months the stock has seen 35.67% growth and a 53.58% rise in the share prices year-to-date.

Notably, the record date of these two stocks are also the ex-dividend date.

About DCM Shriram: The company is a leading business conglomerate with a group turnover of Rs. 11,431 Crore. The business portfolio of DCM Shriram spans across multiple sectors including the Agri-Rural Business - Urea, Sugar, Ethanol, Farm Solution Business covering entire range of inputs, R&D based Hybrid Seeds. Chloro-Vinyl Business - Caustic Soda, Chlorine, Aluminum Chloride, Calcium Carbide, PVC Resins, PVC Compounds, Power and Cement. And Value Added Business Fenesta Building Systems makes UPVC and Aluminium Windows & Doors.

About TD Power Systems: The company is a certified global technological leader in AC Generator and Motor Manufacturing, catering to industry verticals like renewables, co-generation, hydroelectric, oil & gas, electrical traction, marine and wind power. TDPS has more than two decades of experience in manufacturing custom electrical generators with a global footprint in nearly 104 Countries and 6000+ installations, making it a pioneer in the market. Headquartered in India and with sales offices in Japan, USA & Germany, TDPS also has a vast network of 57 service providers in 6 continents; helping it address customer needs with an exceedingly high level of precision and agility.