5 stocks to trade ex-dividend next week

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Muthoot Finance

The Board of Directors of the Company declared payment of an interim dividend of Rs. 20 (twenty rupees) per share (200 per cent) on April 18, 2022, with the record date set for April 26, 2022 and the shares on Monday April 25th 2022 ex-dividend is rotated.

“Shareholders whose names appear at the close of business on 26 April 2022 (a) as beneficial owners according to the list to be supplied by the Depositaries in relation to the Shares held in electronic form and (b) as members on the register of members of the Company in relation to Shares held in physical form would be eligible to receive the interim dividend. The interim dividend will be paid to shareholders within 30 days from the date of declaration,” the company said in an IPO filing.

Muthoot Finance Ltd is India’s largest non-bank finance company (NBFC) with a market capitalization of Rs.52,666.53 crore. It is also the largest provider of gold loans in the country. On the BSE, the company’s shares closed at the market price of Rs 1,312.50 on Friday, down -21.30 (1.60 percent) from the previous close of Rs 1,333.80.

Man Industries India Ltd

Man Industries India Ltd

Man Industries (India) Ltd is a small cap company with a market capitalization of Rs 579.66 crore. Its principal businesses include the manufacture and coating of large diameter carbon steel pipe, infrastructure, real estate and trading. The Board of Directors of the Company declared an interim dividend of 40 percent or Rs. 2 per Rs. 5 per share on April 21, 2022 for the 2022-23 financial year. The stock will trade ex-dividend on April 28, 2022, with the record date scheduled for April 29, 2022.

“The interim dividend for the 2022-2023 financial year will be paid within the specified period to those members whose names appear in the register of members of the company and/or the register of beneficial owners kept by the custodians on the record date, ie on the 29th. April 2022,” the company said in a stock exchange filing.

On Friday the stock closed at a market price of Rs 98.65 on the BSE, down Rs 98.70 from the previous close, down Rs -0.050. (0.051 percent).

Vesuvius India Ltd

Vesuvius India Ltd

The Company’s Board of Directors has informed BSE on 12 April 2022 that “Your Board is pleased to propose a dividend of Rs. 8/- per common share (prior year Rs. 7/- per common share) of the par value of Rs. 10/- each . The dividend will result in a cash outflow of Rs. 1,624 lakhs (previous year Rs. 1,421 lakhs).”

“Record date is Friday April 29, 2022 to determine members entitled to any dividend to be declared at the AGM. E-Voting from a location other than the location of the General Meeting) and voting at the General Meeting via the e-voting system is Friday April 29, 2022 (“Record Date”). The dividend, if declared, will be paid into a segregated bank account by May 11, 2022 and will be paid to those who are members on the record date by May 20, 2022, as noted above,” the company said in a stock exchange filing.

Vesuvius India Ltd is a small cap company in the industrial capital goods category with a market capitalization of Rs 2,118.10 crore. The company’s main business is manufacturing and trading refractory products in local and overseas markets. The company’s shares closed at the market price of Rs 1,040 on Friday, down -3.50 (0.34 percent) from the previous close of Rs 1,043.50.

HCL Technologies

HCL Technologies

HCL declared an interim dividend of Rs. 18/- per share of Rs. 2/- on April 21, 2022 for the financial year 2022-23. The record date was scheduled for April 29, 2022 and the stock will trade ex-dividend on April 28, 2022.

The Company has informed BSE that “For the 2022-23 financial year the Board of Directors has approved an interim dividend of Rs.18/- per share of Rs.2/- of the Company. The record date of April 29, 2022 set for the payment of the aforementioned interim dividend has been confirmed by the Board of Directors. The payment date of the aforementioned interim dividend is scheduled to be May 11, 2022.”

HCL recorded a net profit of Rs.3,593 crore for the quarter and year ended 31 March 2022 compared to a net profit of Rs.1,102 crore for the same period last year, according to the company’s financial statements. The Company’s operating profit for the fourth quarter of FY22 was Rs.22,597 crore, up 15.05 per cent from Rs.19,641 crore as of 31 March 2021.

“We delivered another excellent quarter in our Services business, with revenue increasing 5.0% q/q and 17.5% year-on-year on a currency-neutral basis. Over the past three quarters, our services business has consistently grown organically at 5%+. Providing one of the highest CQGR in the industry. Our overall growth on a YoY basis is 12.7%, ahead of forecast led by strong momentum in Digital, Cloud and Engineering Services. We continue to proactively invest to create a larger talent pool to respond to demand,” said C. Vijayakumar, Chief Executive Officer & Managing Director, HCL Technologies Ltd.

We ended the 2021-22 financial year well, with revenues of US$11.5 billion (Rs. 85,000), currency-neutral growth of 12.7% year-on-year and an EBIT margin of 18.9%. Services revenue (ITBS and ERS) exceeded the $10 billion milestone and posted robust year-over-year growth of 14.9% in constant currencies for the fiscal year. Net Profit (PAT) for the year was Rs 13.5k Cr, 15.7% of revenue, resulting in EPS of Rs 49.77. Our cash generation and profit conversion to cash continues to be very strong with OCF of $2,265 million (125% of PAT) and FCF of $2,044 million (113% of PAT). Our Board is pleased to announce a dividend of Rs. 18 per share for the quarter, bringing the payout for the year to Rs. 44 per share for the year, 88.4% of earnings per share, which is above the guidance of 75%,” said Prateek Aggarwal , Chief Financial Officer, HCL Technologies Ltd.

Mold-Tek Packaging Ltd

Mold-Tek Packaging Ltd

The Company declared an interim dividend for the 2021-22 financial year on 21 April 2022 of 120 per cent or Rs. 6/- per share on a par of Rs. 5/- per share. The stock will trade ex-dividend on April 28, 2022 as the dividend record date has been set for April 29, 2022.

The company has informed BSE as follows: “We would like to inform that the Board of Directors at their meeting on Thursday 21st 6/- per common share to a par value of Rs. 5/- per share. The record date for interim dividend purposes is Friday April 29, 2022. The declared interim dividend will be paid on or from May 5, 2022 to May 19, 2022.”

Mold-Tek Packaging is India’s leading producer of rigid plastic packaging with a 25% market share. The company’s shares closed at the market price of Rs 776.10 on Friday, down -14.30 rupees (1.81 percent) from the previous close of Rs 790.40.

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