Dalal Street remained range-bound and marred by volatility as headline indices and broader markets remain engaged in a tug of war between bulls and bears. S&P BSE Sensex opened lower today before turning positive, NSE Nifty 50 index is holding above the 16,400 zone — which chartists see as a support for the index. Some analysts believe it might be wise to go stock specific at this juncture as stock markets witness multiple headwinds. Buying dividend stocks too might be a strategy investors might look at. Marquee names such as Hindustan Unilever Ltd (HUL), Tata Steel, and HDFC AMC are some stocks that will go ex-dividend soon.
- Power Finance Corporation will go ex-dividend tomorrow. The company has announced a dividend of Rs 1.25 per share. The record date for the same is June 10.
- Asian Paints shares will also begin trading ex-dividend tomorrow. Asian Paints has announced a final dividend of Rs 15.5 per share.
- Volta’s shareholders will get a final dividend of Rs 5.5 per share. The stock will start trading ex-dividend on June 9, tomorrow.
- Tata Consumer is another stock that will begin trading ex-dividend from June 9. Shareholders will get a dividend of Rs 6.5 per share.
- HDFC AMC shareholders will get a final dividend of Rs 42 per share. Stocks will begin trading ex-dividend tomorrow.
- Later this week, shares of CEAT will trade ex-dividend on June 10. Shareholders will get a dividend of Rs 3 per share. The record date is set as June 13.
- Next week, Indian Bank shares will trade ex-dividend on June 14. Shareholders of the lender are to get a dividend of Rs 6.5 per share.
- Havells is another stock that will begin trading ex-dividend on June 14. The company has announced a dividend of Rs 4.5 per share.
- Hindustan Unilever shareholders will get a dividend of Rs 19 per share. The stock will begin trading ex-dividend on June 15.
- Tata Steel has announced a final dividend of Rs 15 per share. Stock will trade ex-dividend from June 15.
Other marquee names that will begin trading ex-dividend in the coming days include Apollo Tyres, Tata Elxsi, Bank of Baroda, Canara Bank, Tata Power, and Tata Chemicals, among others.
Reliance Industries, SBI, HDFC Bank, RITES, PNB, Future Group stocks in focus on 8 June 2022
Market LIVE: Nifty turns positive, reclaims 16450, Sensex flat after repo rate hike; Realty, Banks top gainers
LIC share price at new all-time low, mcap falls below Rs 5 lakh crore; should buy, sell or hold?
Rupee likely to depreciate amid strong dollar, unabated foreign funds outflows; USDINR to trade in this range