3 Companies To Trade Ex-Dividend This Week

Dividend stocks offer dual benefits of stock price appreciation and consistent regular income. And ex-dates in respect of dividend is important as on this day the price of the share of the Company gets adjusted for the dividend pay-out. This date is determined and notified by the stock exchanges. Usually, the ex-date is one or two working days prior to the Record date.

So, here are 3 stocks that shall begin to trade ex-dividend this week:

1. TCS:

The IT major offers consulting based integrated portfolio of IT as well as IT-enabled services (ITeS) that are delivered via the company's unique Global Network Delivery Model. The stock of TCS shall trade ex-dividend from January 19, 2022 meaning today is the last day to buy into the stock for the company's third dividend of 700% amounting to Rs. 7. Earlier also the company announced 2 interim dividends for the Financial year 2022 of Rs. 7 each.

The company in its Q3Fy22 results revealed on January 12, 2022 reported consolidated net profit of Rs. 9769 crore, up 12% from a year ago.

2. Siemens:

The infrastructure company stock shall turn ex-dividend on January 20, 2022 in respect of the final dividend of 400 percent amounting to Rs. 8. The company in its filing to the exchanges on November 24, 2021 said that the Board of Directors of the Company at its Meeting held today. "Recommended a dividend of Rs. 8/- per Equity Share of Rs. 2/- each (400%) for the Financial Year ended 30th September, 2021. The Dividend, as recommended by the Board of Directors, if declared at the forthcoming Annual General Meeting of the Company, would be paid from Tuesday, 8 th February, 2022.

Siemens is the world's largest producer of energy-efficient and resource saving technologies and has emerged as the path-breaker in the field of infrastructure and energy solutions and is also a leading player in medical diagnosis.

3. Wipro:

The IT services company also extends business process outsourcing (BPO) services globally. Additionally the company is also into IT products, lighting and infrastructure engineering and consumer care.

For the interim dividend of Rs. 1 per share of par value Rs. 2, the stock shall trade ex-dividend on January 21, 2022 while the record date for the same has been fixed at January 24 to determine shareholders eligibility for the same. Also as per the exchange filing, investors will be paid the said interim dividend on or before February 5, 2022.

Stock	Ex-date	Dividend %	Dividend Amount
TCS	January 19, 2022	700%	Rs. 7
Siemens	January 20, 2022	400%	Rs. 8
Wipro	January 21, 2022	50%	Rs. 1

Disclaimer:

The ex-dividend date for stocks in the article is mentioned just for informational use. Readers and investors should not consider investing in these stocks just for dividend gains.

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