© Reuters.
In the past week, a flurry of dividend declarations from Indian companies have been witnessed, as reported by the National Stock Exchange (NSE). The week concluded on a high note with Asian Paints, Symphony, Kajaria Ceramics, and Hindustan Unilever (LON:) making their announcements. On Friday, Asian Paints declared a dividend of ₹5.15 per equity share, Symphony at ₹2 per equity share, Kajaria Ceramics at ₹6 per share, and Hindustan Unilever with a significant dividend of ₹18 per equity share.
Earlier on Thursday, seven companies including Coforge, Tech Mahindra, Laurus Labs, Bhansali Engineering, and Share India Securities declared their dividends. Coforge announced a notable dividend of ₹19 per equity share, Tech Mahindra at ₹12 per equity share, Laurus Labs with a modest ₹0.40 per equity share, Bhansali Engineering at ₹1 per equity share, and Share India Securities at ₹3 per equity share.
On Wednesday, Nestle India declared a substantial dividend of ₹140 per share along with Cyient who announced a ₹12 dividend. This followed Tuesday’s declarations by six companies including Sasken Technologies and Balkrishna Industries. Sasken Technologies declared a dividend of ₹12 per equity share and Balkrishna Industries at ₹4 per equity share.
The week began with Ramkrishna Forgings and Happiest Minds announcing dividends on Monday. Ramkrishna Forgings announced a dividend of ₹1 per share while Happiest Minds declared a dividend of ₹2.5 per share.
These announcements have come from eighteen stocks including prominent names such as Hindustan Unilever, Nestle India, and Tech Mahindra that are trading ex-dividend this week.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Read the full article here
