Image Credit - dividendinvestor
Starting Monday, August 12, 2024, several notable companies will begin trading ex-dividends, impacting their stock prices and dividend payments. Among the prominent companies affected are ICICI Bank, Coal India, RailTel Corporation, and NHPC. The ex-dividend date is essential for investors as it marks when a stock’s price adjusts to reflect the upcoming dividend payout. From this date onward, the stocks will no longer include the value of the next dividend payment.
Upcoming Ex-Dividend Dates –
On Monday, August 12, 2024, stocks such as ICICI Bank Ltd and NHPC Ltd and others like Computer Age Management Services Ltd and UPL Limited will trade ex-dividend. Investors holding shares on this date will be eligible to receive dividends, provided their names are on the company’s shareholder list by the end of the record date.
Following this, Tuesday, August 13, 2024, will see a broader range of companies trading ex-dividend. Notable names include Bandhan Bank Ltd, Heritage Foods Limited, and Fine Organic Industries Ltd. This day will also feature stocks like EIH Associated Hotels Ltd and IKIO Lighting Ltd.
The week will conclude with additional stocks trading ex-dividend on Wednesday, August 14, 2024, including Bharat Electronics Ltd and Gujarat Pipavav Port Ltd. Investors should keep track of these dates to ensure they qualify for the upcoming dividend payments. Proper timing and record-keeping are essential to capturing dividends and managing investments effectively.
Investor Implications –
Investors should be aware that they must ensure their shares are registered by the record date to receive the upcoming dividend payments. This adjustment provides an opportunity for portfolio rebalancing and dividend capture before the ex-dividend date.