Here’s a list of three companies that are going ex-dividend this week.
NMDC Limited
NMDC Ltd (NS:NMDC) is engaged in iron ore mining and has a market capitalization of INR 69,836 crore and trades at a TTM P/E ratio of 10.85. The stock has received a 4 out of 5 rating on the financial health front which consists of over 100 different factors to gauge the overall reliability of the company.
The management has declared a dividend of INR 5.75 per share, the ex-dividend date of which is 27 February 2024 and the payment date is 15 March 2024. It is a good dividend-paying stock that is currently trading at a yield of 2.69%.
United Nilgiri Tea Estate Company
United Nilgiri Tea Estates Company Ltd (NS:UNIL) is a small-cap tea producer with a market capitalization of a mere INR 188 crore. It is a profitable company with a net earnings of INR 4.27 crore in the December 2023 quarter, compared to INR 2.83 crore in the same period last year.
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The stock is up by a decent 38% in the last one year, and has now declared a dividend of INR 1 per share, the ex-dividend and payment date of which are 28 February and 10 March 2024. It is trading at a dividend yield of 0.98%.
Jupiter Wagons Limited
Jupiter Wagons Ltd (NS:JUWL) is a manufacturer of railway wagons, passenger coaches, wagon components and castings in India, having a market capitalization of INR 15,875 crore. The company holds a great score of 4 out of 5 on the financial health checkup of InvestingPro+ and is already up 312% in the last one year.
The stock is going ex-dividend on 29 February 2024 as it is shelling out INR 0.3 per share. The payment date is 19 March 2024.
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