7 Stocks That Will Turn Ex-Dividend This Week

Shares of seven leading companies namely JSW Steel Ltd, Punjab & Sind Bank, Petronet LNG Ltd., Mindtree Ltd. MphasiS Ltd. Elegant Marble and Granite Industries Ltd. and Wheels India Ltd. are set to turn ex-dividend today and tomorrow. Check the key details below pertaining to final dividend and current share prices of these stocks:

1. JSW Steel Ltd

The current share price of JSW Steel is 550.65 with a loss of 4.92%. JSW Steel Ltd had announced an equity dividend of 1750%. The board of directors of the company in their filing to the BSE announced, "We hereby inform that the Board of Directors at its meeting held today has recommended a Final Dividend of Rs. 17.35/- (Rupees Seventeen and Paise Thirty Five only) (1735%) per fully paid-up Equity Share of Re.1/- each for the year ended 31.03.2022.

The ex-dividend date is July 4, 2022 that is today. The 52-week high and 52-week low is Rs 790 and Rs 520. Dividend yield is 3.14.

The flagship company of JSW Group, JSW Steel is one of India's leading integrated steel manufacturers with a capacity of 18 MTPA. It is one of the fastest growing companies in India with a footprint in over 100 countries. With state-of-the-art manufacturing facilities located in Karnataka, Tamil Nadu and Maharashtra, it is recognized for its innovation and quality, according to its website. The current market capitalization is Rs 133,225 apiece.

2. Punjab & Sind Bank

The bank had declared an equity dividend of 3.10% equivalent to 0.31 per share for the year ending March 2022. The dividend yield is 2.18% if the current share price of 14.25 is considered. Today the stock is going to turn ex-dividend.

The current market price of the stock is 14.25 apiece. The 52-week high is Rs 22.05 apiece and 52-week low is Rs 13 apiece. The company has a good dividend history and declared dividend for the last 5 years regularly.

Punjab & Sind Bank is an Indian nationalised bank. It is under the ownership of Ministry of Finance, Government of India with its head office located in New Delhi. The current market capitalization is Rs 9658 crore.

3. Petronet LNG Ltd

The stock is turning ex-dividend today. The record date is 5 July, 2022. The current market price of the stock is Rs 217.45 with a dip of 1.81%. The 52-week high is Rs 243 apiece and 52-week low is Rs 190.25 apiece. The market capitalization is Rs 32,670 crore and dividend yield is 5.28.

The board of directors of the company in their BSE filing stated, "Pursuant to the Regulation 42 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that the Record date has been fixed as Tuesday, 5th July 2022 for the purpose of ascertaining the entitlement of Members to the Final Dividend of Rs. 4.50 (Four Rupees and fifty paise only) per share (on the face value of Rs. 10/- each) on the equity shares of the Company for the financial year 2021-22 recommended by the Board of Directors of the Company in their meeting held on 11th May 2022."

Petronet LNG Limited (PLL) formed on April 2, 1998 as Joint Venture Company (JVC) having 50% shareholding of leading 4 Oil & Gas PSUs by GOI order dated July 4, 1997.

4. Mindtree Ltd

The stock is turning ex-dividend tomorrow. The Board of Directors of the Company at its meeting held on April 18, 2022 recommended a Final Dividend of 270% (Rs.27/- per equity share of face value of Rs.10/- each) for the financial year ended March 31, 2022. The current market price of the stock is Rs 2864 apiece. The 52-week high is Rs 5060 apiece and 52-week low is 2457 apiece. Dividend yield is 1.29.

Mindtree delivers digital transformation and technology services from ideation to execution, enabling Global 2000 clients to outperform the competition. Mindtree takes an agile, collaborative approach to creating customized solutions across the digital value chain. The current market capitalization is Rs 47,223 crore.

5. MphasiS Ltd

Mphasis applies next-generation technology to help enterprises transform businesses globally. Mphasis' Service Transformation approach helps 'shrink the core' through the application of digital technologies across legacy environments within an enterprise, enabling businesses to stay ahead in a changing world.

The stock is turning ex-dividend tomorrow. It had declared an equity dividend of 460% amounting to Rs 46 per share for the year ending March 2022. The dividend yield is 2.05%. It has consistently declared dividend for the past 5 years regularly. The current market capitalization is Rs 41,359 crore.

The current market price of the stock is Rs 2194 apiece with a decline of 2.12%. The 52-week high is Rs 3659 apiece and 52-week low is Rs 2014 apiece.

6. Wheels India Ltd

It is turning ex-dividend tomorrow. It had declared an equity dividend of 83% amounting to Rs 8.3 per share for the year ending March 2022. It has a dividend yield of 1.32%. The market capitalization is Rs 1,511 crore at the time of writing the story.

The current share price is Rs 628 apiece with a loss of 0.25%. The 52-week high is 1037 apiece and 52-week low is Rs 510 apiece.

Wheels India Limited is company promoted by the TVS Group, India's largest auto component manufacturers. Wheels India was established in 1962. It is one of the largest steel wheel manufacturers in the world.

7. Elegant Marble and Granite Industries Ltd

The stock is turning ex-dividend tomorrow. It had declared an equity dividend of 27.50% amounting to Rs 2.75 per share for the year ending March 2022. The current market price of the stock is Rs 129. The market capitalization is Rs 47 crore.

Elegant Marbles & Grani Industries Ltd. has been a trusted supplier for stone products for over 30 years. Its main office is based out of Mumbai's design hub, Raghuvanshi Mills. It is a Government of India recognised export house and operates a state-of-the-art factory in Abu Road, Rajasthan.