In the next week, the shares of many big companies including ONGC, Coal India, IRCTC are going to be ex-dividend. Investors in these stocks are to get dividends ranging from 0.50 paisa to 37 rupees per share. Dividend is the share of profits made by the company to the shareholders. Dividend is paid on per share basis.
In the next week, many companies including Eicher Motors, Coal India, ONGC, Jindal Steel and Power, IRCTC, LC Housing Finance will ex-dividend.
Ex-dividend means that the company has fixed a date, after that date the share buyer does not get the dividend of that time, whereas if the shares are bought before the ex-dividend date, then the dividend or bonus is received. The buyer of shares after the ex-dividend date receives the dividend the second time the company declares it.
Now let's know which companies are going to pay dividends in the coming days.
Eicher Motors - Eicher Motors, one of the major automobile companies, will give a dividend of Rs 37 per share. The company's ex-dividend date is 14 August.
Coal India- Coal India has declared a dividend of Rs 3 per share. The ex-dividend date is August 18.