Corporate earnings for the quarter ended March 2023 were in line with consensus estimates, with banks and auto companies delivering robust performances. Investors are now awaiting the payment of the dividends announced by various companies as part of the announcement of their fourth-quarter fiscal 2023 results.
Corporate earnings for the quarter ended March 2023 were in line with consensus estimates, with banks and auto companies delivering robust performances. Investors are now awaiting the payment of the dividends announced by various companies as part of the announcement of their fourth-quarter fiscal 2023 results.
Shares in Tata Power, Uniparts India and Seshasayee Paper & Board, among others, will be in focus as they trade without dividends today.
Shares in Tata Power, Uniparts India and Seshasayee Paper & Board, among others, will be in focus as they trade without dividends today.
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Here are the stocks trading on June 7, Wednesday, with no dividend:
Tata Power
Tata Group company Tata Power will trade without a dividend on Wednesday. The company announced a final dividend of ₹2 per share.
“The Management Board has recommended a dividend of ₹2 per equity share of ₹“1 (@ 200%) each to shareholders for the fiscal year ended March 31, 2023,” the company said in a regulatory filing when it announced its quarterly earnings in March.
Uniparts India
Uniparts India, the manufacturer of technical systems and solutions, will also trade today without a dividend. The company announced a second interim dividend of ₹6 per share with a par value of ₹10 each, i.e. 60% of the share capital of the company for the financial year 2022-23.
The key date for determining the shareholders who are entitled to this dividend is also June 7th.
Seshasayee paper and card
The company declared a dividend of ₹6 per share. The stock will be ex-dividend today.
“The Management Board has recommended paying a dividend ₹6 per share share of Rs. 2 each for FY 2022-23. “The dividend, subject to approval by members at the subsequent 63rd Annual General Meeting on June 17, 2023, will be paid on or after June 19, 2023,” the company said.
Marksans Pharma
Marksans Pharma will trade today without a dividend. The company announced a final dividend of ₹0.50 per share. The record is also June 7th.
Optiemus Infracom
Optiemus Infracom shares will also be in focus as they become ex-dividend today. The company’s board of directors had approved an interim dividend of ₹1.5 per share of ₹10, i.e. 15% of the company’s share capital for the 2022-23 financial year.
