3 Stocks Going Ex-Dividend This Week!

  • Stock Market Analysis

Here are 3 high-quality stocks that are going ex-dividend this week.

Bhansali Engg Polymers Limited

Bhansali Engg Polymers is a petrochemical company with a market capitalization of INR 2,624 crore, currently trading at a TTM P/E ratio of 17.13. The company reported a revenue of INR 301.5 crore in Q3 FY24, a 12.9% YoY decline, however, the profit rose 19.8% to INR 40.21 crore in the same period.

It is one of the highest dividend-paying stocks in the small-cap space, with a yield of 12.4%. The company has declared a dividend of Re 1 per share, the ex-date of which is 7 February 2024.

Hindustan Petroleum (NS: HPCL ) Corporation Limited

Hindustan Petroleum Corporation is an OMC with a market capitalization of INR 72,151 crore. All OMCs have been on fire for the last few weeks and this counter is up 26% in the last one month, despite which is it trading at a TTM P/E ratio of 4.27.

Such stocks are very good for long-term portfolios. The stock is currently trading at a yield of 2.8% and has declared a dividend of INR 15 per share, the ex-dividend date of which is 7 February 2024 and the payment date is 23 February 2024.

ITC Limited

ITC is a top-tier stock that is in multiple businesses such as hotels, agri businesses, FMCG, etc., having a market capitalization of INR 5,46,891 crore. The company posted a 2% YoY jump in revenue of INR 18,676.2 crore in Q3 FY24 and a 6.5% YoY increase in profit to INR 5,335.23 crore.

The company is trading at a decent dividend yield of 3.5% and has declared a dividend of INR 6.25 per share, the ex-dividend date of which is 8 February 2024. The payment date is set at 28 February 2024.

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    Thank you for some excellent information tha you always share, I get to learn so much from you.
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