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Dividend Stocks to Watch: Nestle India, Power Grid, ONGC, and More Trading Ex-Dividend Next Week

Neha Sharma
4 min read
cochin-international-airport-limited-unlisted-sharesMore about Cochin International Airport Limited Unlisted Shares

Several major companies, including Nestle India, Power Grid Corporation of India, and ONGC, are set to trade ex-dividend in the coming week, offering potential opportunities for investors seeking dividend income.

In the upcoming week starting February 12, several prominent companies will be trading ex-dividend, meaning new shareholders will not be eligible for the next dividend payout. This includes Nestle India, Power Grid Corporation of India, and Oil & Natural Gas Corporation (ONGC), among others. The ex-dividend date is crucial for investors as it determines eligibility for the dividend payment. To receive the dividend, investors must be shareholders of record before the ex-dividend date.

Here's a breakdown of some key companies and their declared dividends:

  • Cochin Shipyard Ltd: The PSU has declared an interim dividend of ₹3.5 per share, with the ex-dividend date set for February 12.
  • Engineers India Ltd: The company announced an interim dividend of ₹2 per share, also trading ex-dividend on February 12.
  • Torrent Pharmaceuticals Ltd: This pharma major declared an interim dividend of ₹22 per share and will trade ex-dividend on February 12.
  • Gulf Oil Lubricants India Ltd: An interim dividend of ₹16 per share was declared, with the ex-dividend date on February 13.
  • Dr. Lal PathLabs Ltd: The company declared an interim dividend of ₹12 per share, trading ex-dividend on February 13.
  • Procter & Gamble Health Ltd: A special dividend of ₹150 and an interim dividend of ₹50 per share were declared. The ex-dividend date is February 14.
  • Nestle India: The FMCG giant declared an interim dividend of ₹7 per share and will trade ex-dividend on February 15.
  • Power Grid Corporation of India: An interim dividend of ₹4.5 per share was announced, with the ex-dividend date on February 15.
  • IRCON International Ltd: The Indian Railways' PSU declared an interim dividend of ₹1.8 per share, trading ex-dividend on February 16.
  • Manappuram Finance Ltd: The company declared an interim dividend of ₹0.9 per share, with the ex-dividend date on February 16.
  • ONGC: The state-run oil explorer declared an interim dividend, trading ex-dividend on February 16. The specific amount was not detailed in the source text.

Full List of Ex-Dividend Stocks:

  • February 12: Automobile Corporation Of Goa Ltd, Banaras Beads Ltd, Carborundum Universal Ltd, Clean Science and Technology Ltd, Cochin Shipyard Ltd, Engineers India Ltd, Great Eastern Shipping Co. Ltd, Goodyear India Ltd, Quess Corp Ltd, Styrenix Performance Materials Ltd, Thangamayil Jewellery Ltd, Torrent Pharmaceuticals Ltd.
  • February 13: Gulf Oil Lubricants India Ltd, Indo Thai Securities Ltd, K.P.R. Mill Limited, Dr. Lal PathLabs Ltd, Orient Electric Ltd, SMC Global Securities Ltd, Steelcast Ltd, Tube Investments of India Ltd, Tamil Nadu Newsprint & Papers Ltd.
  • February 14: Archean Chemical Industries Ltd, Dhanuka Agritech Ltd, Goodluck India Ltd, HIL Ltd, Minda Corporation Ltd, Procter & Gamble Health Ltd, Sumitomo Chemical India Ltd
  • February 15: Man Infraconstruction Ltd, CCL Products (India) Ltd, Nestle India, Power Grid Corporation of India, UNO Minda Ltd.
  • February 16: Saven Technologies Ltd, Aarti Pharmalabs Ltd, Akzo Nobel India Limited, Alkem Laboratories Ltd, Bajaj Consumer Care Ltd, Banco Products (India) Ltd, BEML Ltd, Computer Age Management Services Ltd, Dalmia Bharat Sugar and Industries Ltd, DISA India Ltd, Emami Ltd, IOL Chemicals & Pharmaceuticals Ltd, IRCON International Ltd, J.B. Chemicals & Pharmaceuticals Ltd, JK Paper Ltd, JK Tyre & Industries Ltd, Manappuram Finance Ltd, NLC India Ltd, ONGC, Orient Cement Ltd, Page Industries Ltd, Shivalik Bimetal Controls Ltd, Siyaram Silk Mills Ltd, Sundaram Finance Ltd, Torrent Power Ltd, Triveni Turbine Ltd, Vidhi Specialty Food Ingredients Ltd.

Bonus Issues:

Several companies are also offering bonus issues:

  • Intellivate Capital Ventures Ltd: Bonus issue in the ratio of 2:1, ex-bonus date February 12.
  • K.P. Energy Ltd: Bonus issue in the ratio of 2:1, ex-bonus date February 12.
  • Akshar Spintex Ltd: Bonus issue in the ratio of 1:5, ex-bonus date February 15.

A bonus issue involves distributing additional shares to existing shareholders, rather than increasing the dividend payout. For example, a company might issue one bonus share for every ten shares held.

Other Corporate Actions:

Several other corporate actions are scheduled, including rights issues, buybacks, income distributions, and extraordinary general meetings (EGMs).

Investors should carefully consider their investment objectives and conduct thorough research before making any decisions regarding dividend stocks or corporate actions.

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