Dividend stocks: IIFL Finance, Mastek, 2 other stocks to trade ex-dividend today

The Board of Directors of these companies have declared an interim dividend, stock split, and shares buyback for the eligible shareholders. 

The record date by the 6 companies to ascertain the eligibility of shareholders for their respective issues has been fixed on January 25.

Interim Dividend

IIFL Finance: The company has declared an interim dividend of ₹4 per equity share of the face value of ₹2 each for the financial year 2023-24.

In a stock exchange filing, IIFL Finance said: “Pursuant to the provisions of Regulation 42 of the SEBI Listing Regulations, the Board has fixed Thursday, January 25, 2024 as record date. The said interim dividend will be paid/dispatched on or before February 15, 2024.”

IIFL Finance shares will trade ex-dividend on Thursday.

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Kddl: The company has declared an interim dividend of ₹58 per equity share. The Board of Directors of KDDL Ltd at its meeting held on January 18 had considered and declared interim dividend of ₹58 per equity share, which amounts to 580% of face value of ₹10 each, for the financial year 2023-24.

Kddl shares will trade ex-dividend on  Thursday.

Ksolves India: The company has declared an interim dividend of ₹7.50 per equity share.

In a stock exchange filing, Ksolves India said: “We would like to inform you that the Board of Directors of the Company at its meeting held today i.e., Thursday, January 18, 2024, inter-alia considered and declared 2nd interim dividend of Rs.7.50/- per share for financial year 2023-24 on its fully paid-up Equity share Capital of the Company.”

Shares of Ksolves India will trade ex-dividend on  Thursday.

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Mastek: The company has declared an interim dividend of ₹7 per equity share for the financial year 2023-24. On Wednesday, Mastek shares ended 0.40% higher at ₹2,684.45 apiece on the BSE.

Shares of Mastek will trade ex-dividend on Thursday.

Share Buyback

Arnold Holdings: The company has declared buy back of up to 63 lakh fully paid-up equity shares.

The company’s board had approved to buyback up to 63,00,000 fully paid-up equity shares of face value of ₹10 each at ₹21 per equity share for an aggregate amount of ₹13.23 crore.

Arnold Holdings shares will trade ex-buyback on Thursday.

Also Read: HDFC Bank sells CAMS shares worth ₹270 crore via bulk deal

Stock Split

Dolphin Offshore Enterprises (India): The company has declared stock split from ₹10 per equity share to ₹1 per equity share. The record date for the share split has been fixed on Thursday, January 25. 

Under the scheme, shareholders will get 10 equity shares of face value Re 1 each for every one Dolphin Offshore Enterprises share they hold of face value ₹10 each. 

Shares of Dolphin Offshore Enterprises (India) will trade ex-split today. 

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Published: 25 Jan 2024, 06:33 AM IST