8 Stocks Going Ex-Dividend Today – What You Need to Know
Let’s Talk Dividends
Okay, so if you’re the kind of investor who likes steady payouts—who doesn’t, right?—then today’s a big deal. Eight stocks, including big names like HUL and some under-the-radar picks like Kalpataru Projects, are trading ex-dividend. Miss this date, and you kiss that sweet payout goodbye. Simple as that.
Wait, What’s Ex-Dividend Again?
Here’s the thing—it’s the last day to buy a stock if you want the next dividend. After this? Nada. The stock price usually drops by roughly the dividend amount, which makes sense—you’re not getting that cash anymore. Oh, and don’t mix it up with the record date (that’s when they check who actually owns the shares). Mess that up, and well, tough luck.
The Big 8 Today
Samvardhana Motherson
- Dividend: ₹1.20 per share
- Record Date: June 10, 2024
- Quick Take: Revenue’s up 14% year-on-year, but supply chain headaches are squeezing margins. Classic auto sector drama.
Dalmia Bharat
- Dividend: ₹5 per share
- Record Date: June 10, 2024
- Quick Take: Cement demand’s solid—thanks, infrastructure push—but coal prices are being a pain. Could get worse before it gets better.
Hindustan Unilever (HUL)
- Dividend: ₹24 per share
- Record Date: June 10, 2024
- Quick Take: The OG dividend king. 20+ years of payouts, but growth’s slowing. Still, safer than most.
Motherson Sumi Wiring
- Dividend: ₹0.70 per share
- Record Date: June 10, 2024
- Quick Take: EV wiring’s hot right now, but everyone and their uncle’s jumping into auto parts. Crowded space.
Kansai Nerolac Paints
- Dividend: ₹3.50 per share
- Record Date: June 10, 2024
- Quick Take: Home paints are doing great; industrial coatings? Not so much. Housing boom’s carrying them.
Kalpataru Projects
- Dividend: ₹4 per share
- Record Date: June 10, 2024
- Quick Take: Order book’s packed—good news. But delays in power projects? That’s the worry.
Dynamic Cables
- Dividend: ₹2 per share
- Record Date: June 10, 2024
- Quick Take: Govt’s spending on infra helps, but raw material costs? Total rollercoaster.
G N A Axles
- Dividend: ₹2.50 per share
- Record Date: June 10, 2024
- Quick Take: 60% revenue from exports. Weak rupee = happy margins. For now.
Why Bother With These?
Look, HUL’s your safe bet—sleep-easy money. Kalpataru? More risk, but could pay off. Yields range from meh (HUL’s 1.5%) to decent (Dalmia’s 2.8%). And hey, at least they’re not all from the same sector. Diversification, people.
Don’t Just Chase the Money
Dividends are great, but don’t be that guy who only looks at the yield. Ask yourself:
- Can they keep paying? HUL’s payout ratio’s 80%, but their cash flow’s solid. Others? Not so sure.
- Debt: Too much leverage = dividend cuts when times get tough. Infra companies, I’m looking at you.
- What’s happening in their sector? Paint companies are getting killed by raw material costs. Autos? EV boom’s a double-edged sword.
Yeah, There Are Risks
Price drops post-ex-date are just the start. Dividends get taxed (10% over ₹5,000 here in India). And if earnings tank—looking at you, Motherson—those payouts might shrink. So ask: is the juice worth the squeeze?
Wrapping Up
Today’s list has something for everyone—steady HUL, risky-but-rewarding Kalpataru, and everything in between. Do your homework, check those annual reports, and maybe—just maybe—snag a payout.
Pro tip: Set a reminder for next quarter’s ex-dates now. Trust me, future-you will thank present-you.
Source: Livemint – Markets
