Gillette India, United Drilling Tools, Carborundum Universal among 6 companies to trade ex-dividend today

Around 6 companies are expected to trade ex-dividend with record date of February 19, which includes Carborundum Universal, Conart Engineers, Gillette India, Maithan Alloys, Saraswati Saree Depot and United Drilling Tools. All the above firms were expected to trade ex-dividend on February 18 with record date of February 19.

The ex-date marks the day a stock begins trading without dividend entitlement, meaning investors must own the stock before this date to receive the payout. The company, however, determines the list of eligible shareholders based on their records on the record date.

A dividend refers to a payment made by a company to its shareholders, typically as a share of the company’s profits. Companies announce dividends to distribute a portion of their earnings to investors, usually on a regular basis such as quarterly or annually.

Among the list, Gillette India leads with a dividend of ₹65 per share, with a record date set for February 19, 2025. Shares of the firm zoomed over 10% at close on Tuesday.

The company which manufactures and sells abrasives, ceramics, and other materials had declared its interim dividend on February 13, 2025, for ₹1.5 per share.

The company had announced an interim dividend of ₹3 per share on February 12 with the date set as February 19.

The retail company had declared an interim dividend on February 14, 2025, of ₹2.27 per share.

The manufacturer dedicated to oil and gas industry had declared an interim dividend on February 7, 2025, of ₹0.60 per share.

The company is expected to split stock from ₹10 to ₹5 per share. A stock split increases the number of outstanding shares while maintaining the company’s market capitalisation.