Shares of MSTC Limited declined 2.45% to Rs 504.35 in early trade on April 2, as the stock turned ex-dividend. The company has announced an interim dividend of Rs 4.50 per share, and both the ex-dividend date and the record date for the same fall on April 2, 2025.
The dip in MSTC’s stock price comes as investors adjust to the stock trading without the value of the upcoming dividend. The company had last issued a significantly higher interim dividend of Rs 32 per share on February 14, 2025.
MSTC is not the only stock trading ex-dividend today. Shares of RailTel Corporation of India and ADC India Communications are also in focus as they go ex-dividend for Rs 1 and Rs 25 per share, respectively. Additionally, Capital Trade Links and Ranjeet Mechatronics will trade ex-date for their announced bonus issues.
The ex-dividend date marks when a stock begins trading without the value of its next dividend. Only shareholders on record as of the record date are eligible for the dividend payout.
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