Record Date Alert: Nine Stocks that will trade ex-dividend during this week

As many as nine stocks will see their record date for dividend announcement they made earlier, along with their September quarter results. The eight s... 1 /8 As many as nine stocks will see their record date for dividend announcement they made earlier, along with their September quarter results. The eight stocks include names such as Hexaware Technologies, L&T Technology Services, Cyient, Nippon Life India AMC, CRISIL, Shriram Finance, Chennai Petro, RailTel & Steel Strips Wheels. 2 /8 Hexaware Technologies will trade ex-dividend from Monday, October 26 itself.

The company had announced an interim dividend of ₹9.5 per share. The stock though, continues to trade below its IPO price of ₹708. 3 /8 L&T Technology Services was one of the few stocks that managed to survive the broader market sell-off last week as it reported a strong quarterly earnings performance and also issued a positive outlook on the road ahead. The company also announced an interim dividend of ₹20 per share, the record date for which has been fixed as Tuesday, October 27. 4 /8 Another stock that managed to survive last week's carnage was Cyient, which outperformed the indices after its quarterly results.

The company has announced an interim dividend of ₹12 per share. The record date for which has been fixed as Wednesday, October 28. 5 /8 Nippon Life India AMC is another stock whose record date for the interim dividend of ₹9.5 per share, announced alongside its quarterly results, has been fixed for Wednesday, October 28. The stock has declined after its results. 6 /8 Two more stocks will see their respective record dates for their interim dividend announcements made alongside its quarterly results on Thursday, October 29.

CRISIL has announced an interim dividend of ₹17 per share, while for Shriram Finance , the interim dividend is ₹6.5 per share. 7 /8 Chennai Petro announced its quarterly results last week but more importantly, also declared an interim dividend of ₹25 per share, the record date for which has been fixed as Friday, October 30. 8 /8 The final two names whose record dates will take place this week are RailTel, who announced an interim dividend of ₹1, and Steel Strips Wheels , who announced an interim dividend of ₹1.5 per share. Shares of Steel Strips Wheels have gained more than 100% so far this year, while those of RailTel have been major underperformers.

Source: CNBC TV18