SKF India, Tata Power among 5 stocks to trade ex-dividend tomorrow

SKF India, Tata Power are among stocks that are likely to be in focus today as their record date for the purpose of the dividend payment is July 4. This means that today, these stocks are trading on an ex-dividend basis.

Dividends are paid to shareholders whose names appear in the company's database on the record date. After implementation of the T+1 framework, the record date and ex-date are the same in most cases unless there is a market holiday after the ex-date.

Shareholders who buy the stock at least one day before the ex-date are eligible for dividends as settlement happens the next day. Those buying the stock on the ex-date are not eligible for dividends.

Here is a list of companies whose shares will be trading on an ex-dividend basis in the coming week:

Balaji Amines

The board of directors of the company has fixed July 4 as the ex-date for the declared dividend of Rs 11 per share. The stock is trading around Rs 2,419.80 on BSE.

Solar Industries

Solar Industries had declared a dividend of Rs 8.50 per share for which, the ex-date has been fixed as July 4. The stock is trading around Rs 10,882.95 on BSE.

Tata Power

The company announced a dividend of Rs 2 per share and the record date for the purpose is July 4. The stock is trading around Rs 432.35 on BSE.

SKF India

The record date for SKF India’s Rs 130 per share dividend is July 4. The stock is trading around Rs 6,555.40 on BSE.

Tide Water Oil Company (India)

Tide Water declared a dividend Rs 20 per share for its eligible shareholders and the ex-date for the purpose is July 4. The stock is trading around Rs 2,389.85 on BSE.

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