Patanjali Foods, Colgate, Manba Finance and other shares to turn ex-dividend today; check full list for this week

Shares of Colgate-Palmolive (India), Kajaria Ceramics Ltd, Patanjali Foods Ltd, Manba Finance and Oberoi Realty will turn ex-dividend (or ex-date) on Monday, November 4 after their dividend announcements.

Companies that will trade ex-date on November 4

• Colgate-Palmolive (India): Shares of the company will trade ex-dividend on Monday as the company declared a dividend of ₹24 per share in October.
• Patanjali Foods: The company will turn ex-dividend today following its announcement of a ₹8 interim dividend per share.
• Kajaria Ceramics: The interim dividend for the company turning ex-date today is set at ₹5 per share.
• Manba Finance: The company announced an interim dividend of ₹0.25 per share and the shares will turn ex-date today.
• Oberoi Realty: The company declared a dividend of ₹2 per share with its shares turning ex-date on November 4.

Stocks to trade ex-dividend this week

HUL and Computer Age Management Services also declared a special dividend of ₹10 and ₹10.5 for November 6 and November 8 respectively. Furthermore, Zee Entertainment Enterprises Ltd declared a final dividend of ₹1 for November 8.

Other movements in the market

Several major companies including Amara Raja Energy & Mobility, Bata India, Indian Railway Catering and Tourism Corporation (IRCTC), Raymond and Indian Railway Finance Corporation are set to report their quarterly financial results for the Q2 FY25 on November 4.

Other companies announcing their Q2 results on Monday include Exide Industries, Gland Pharma, KEC International, JK Paper, ABB India and V.S.T. Tillers Tractors.

Moreover, many companies will trade ex-split in the upcoming week. Premier Polyfilm Ltd will split its shares from ₹5 to ₹1, with shares trading ex-split on November 5. Systematix Corporate Services Ltd will also execute a stock split from ₹10 to ₹1. Its shares will also trade ex-split on November 5. Moreover, Hazoor Multi Projects Ltd is set to split its shares from ₹10 to ₹1, with its ex-split trading to begin on November 7.

What is ex-dividend and ex-split?

• When a company announces a date on which the eligible shareholders will receive a dividend, purchasing a stock on or after the said date will make one ineligible for receiving the declared dividend. The term ‘turning ex-dividend’ means that a stock is going to or has passed its ex-dividend date. When a stock is ‘trading ex-dividend’, it means that the stock is now trading without the value of the next dividend payment, and the price of the stock adjusts accordingly. Companies finalise the list of shareholders based on the set date and pay dividends to the beneficiaries.

• When a company announces a stock split, it divides its existing shares into multiple new shares to improve liquidity. When shares turn ex-split, it means that the split has taken effect, and the new shares are now trading at a lower price per share. However, the overall value of the stock remains the same.