Investors generally prefer to invest in such a company that has announced a dividend so that it can gain an extra income. Recently some company has made dividend announcements.
So today in this article you will know about 6 such companies whose ex-dividend is near.
What is Ex-dividend
Ex-dividend is the date before which if you buy shares of a company, then only you are eligible to take dividend of that company. The most critical metric to find out about the dividend of any company is the dividend yield.
Formula to Calculate Dividend Yield
The dividend yield is calculated by dividing the dividend per share by its current market price. This is a better metric to know how much dividend the company is paying.
Dividend Yield = Annual Dividends Paid Per Share / Price Per Share
Apart from this, we have selected only those stocks whose market cap is more than 2000 crores.
Tide Water Oil Company India
The first company is Tide Water Oil Company India which is engaged in the business of manufacturing and marketing lubricants. This company declared a dividend of Rs 20 per share and its ex-dividend is November 22.
If you buy its shares on or before 21st November, then you will be eligible to take a dividend. The dividend yield of this dividend is made up to 1.18%.
The company has a P/E ratio of 21.23 and a debt to equity ratio of 0.02. The company has a return on equity of 19.96% and a net profit margin of 11.24%.
The company’s sales have compounded at a rate of 5.27% in the last five years.
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The share price of the company has increased by 83.63% in the last year and in the last five years, the company has given a compound annual return of 8.47%.
Ircon International Limited
The second company is Ircon International Limited, it is an engineering and construction corporation whose specialization is in transport, infrastructure.
This company declared a dividend of ₹ 0.7 per share, whose dividend yield is up to 1.46%. The ex-dividend date of this dividend is November 22.
The company has a P/E ratio of 9.19 and a debt to equity ratio of 0.21. The company has a return on equity of 9.03% and a net profit margin of 7.24%.
The company’s sales have compounded at a rate of 16.47% in the last five years. The share price of the company has increased by 16.65% in the last year.
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The IPO of this company came in September 2018 and since the listing, the company has given returns of around 14 to 15% so far.
Oil India Limited
The third company is Oil India Limited, engaged in the development and production of crude oil and exploration of natural gas. This company has declared a dividend of Rs 3.5 per share, whose dividend yield is up to 1.58%.
The ex-dividend date of this dividend is November 23. The company has a P/E ratio of 5.12 and a debt to equity ratio of 0.61. The Company’s Return on Equity is 16.27% and its Net Profit Margin is 25.43%.
The company’s sales have compounded at the rate of 12.41% in the last five years.
The share price of the company has increased by 139.6% in the last year and in the last five years, the company has given a compound annual return of 1.27%.
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Glenmark Life Sciences Limited
The fourth company is Glenmark Life Sciences Limited. This company has declared a dividend of ₹ 10.5 per share so that its dividend yield is made up to 1.65%.
The ex-dividend of this dividend is November 22. The P/E ratio of the company is 22.23 and the debt to equity is zero i.e. the company is completely debt-free.
The company has a return on equity of 60.99% and a net profit margin of 18.67%. In the last three years, the company’s sales have compounded at the rate of 1861%.
The IPO of this company came in July 2021 and till now the company has given returns of -11.49% from its IPO issue price. The share price of the company has come down.
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National Aluminium Company Limited (NALCO)
The fifth company is Navratna Central Public Sector Enterprises National Aluminum Company Limited. This company has declared a dividend of ₹ 2 per share so that its dividend yield is made up to 2.01%.
The ex-dividend date of this dividend is November 24. The company has a P/E ratio of 8.07 and a debt to equity ratio of 0.01.
The company has a Return on Equity of 12.58% and a Net Profit Margin of 14.511%. In the last five years, the company’s sales have compounded at the rate of 5.61%.
The company’s share price has increased by 171.93% in the last year and in the last five years, the company has given a compound annual return of 14.76%.
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Oil & Natural Gas Corporation Limited (ONGC)
The sixth company is India’s largest crude oil and natural gas company Oil and Natural Gas Corporation (ONGC). This company has declared a dividend of ₹ 5.5 per share, whose dividend yield is up to 3.48%.
The ex-dividend date of this dividend is November 22. The company has a P/E ratio of 5.73 and a debt to equity ratio of 0.49. The company has a return on equity of 7.39% and a net profit margin of 6.8%.
In the last five years, the company’s sales have compounded at the rate of 19.63%.
The company’s share price has increased by 120.41% in the last year and in the last 5 years, the company has given a compound annual return of -3.04%. The share price of the company has gone down.
So these were the six companies whose ex-dividend date is nearing and whose dividend yield is more than 1%.
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Rail Vikas Nigam Limited
Rail Vikas Nigam Limited implements the railway infrastructure projects assigned by the Ministry of Railways. This company declared a dividend of ₹ 0.44 per share and its ex-dividend date is 30th November.
If you buy its shares on or before November 29, then you will be eligible for the dividend. The dividend yield of this dividend is made up to 1.22%.
The company has a P/E ratio of 6.80 and a debt to equity ratio of 1.02. The company has a return on equity of 17.26% and a net profit margin of 5.99%.
In the last 5 years, the company’s sales have compounded at the rate of 27.68%. The company’s share price has increased by 86.79% in the last year.
The IPO of this company came in April 2019 and so far this company has given a return of 89.47% from its IPO issue price.
PTC India Limited
This company has declared a dividend of ₹ 2 per share, whose dividend yield is up to 1.71%. The ex-dividend of this dividend is 25th November.
The company has a P/E ratio of 7.34 and debt to equity is 2.07. The company has a return on equity of 10.74% and a net profit margin of 2.57%.
In the last 5 years, the company’s sales have compounded at the rate of 6.41%. The share price of the company has increased by 122.81% in the last year.
The company has given a compound annual return of 11.14% in the last 5 years.
Ex-dividend is the date before which if you buy shares of a company, then only you are eligible to take dividend of that company. The most critical metric to find out about the dividend of any company is the dividend yield.
Dividend Yield = Annual Dividends Paid Per Share / Price Per Share