Asian Paints, Tata Motors, Jindal Saw and three more stocks to trade ex-dividend today

Shares of many companies are scheduled to trade ex-dividend today, June 11. A dividend is a reward paid to shareholders by the company. Dividends are paid on the face value of the stock. Usually dividends are paid in the form of a monetary reward.

Ex-date refers to the date on which a stock trades without the benefit of corporate action, i.e., ex-benefit, in this case the corporate action is the payment of dividend. Many companies such as Asian Paints, Tata Motors and Jindal Saw will trade ex-dividend today.

Here’s a look at a few stocks which will trade ex-dividend today on Tuesday, June 11:

Tata Motors and Tata Motors DVR

The Tata Group company has also declared that it will pay a dividend of ₹6.20 per ‘A’ Ordinary Share on the face value ₹2 each, which translates to a payout percentage of 310%. This ₹6.2 dividend comprises a ₹3.1 normal dividend and a ₹3.1 per share special dividend for the financial year ended March 31, 2024.

Kriti Industries

Plastic products manufacturer Kriti Industries informed the exchanges that it has declared a final dividend of ₹0.2 per share for FY24. The face value of Kriti Industries shares is ₹1; the payout percentage of Kriti Industries shares is 20%.

Kriti Nutrients

The company declared a final dividend of ₹0.3 per equity share for the financial year 2024 on the face value of ₹1 per share, the company said in an exchange filing on May 3.

Asian Paints

Multinational paint company Asian Paints declared a final dividend of ₹28.15 per equity share for the financial year 2024. The company mentioned in an exchange filing made to the exchanges that it will pay a final dividend of ₹28.15 per share on the face value of ₹1 per share for the financial year ended March 31, 2024. The payout percentage for Asian Paints stock is 2815%. The record-date for the payment of the final dividend is June 11.

Jindal Saw

The Jindal Group company informed the exchanges via a filing that it will pay a final dividend of ₹4.00 per share for the financial year 2024 on the face value of ₹4 per share. The dividend payout percentage is 100%.