Chambal Fertilisers, Marico, Siyaram Silk Mills shares turn ex-dividend today; record date on February 7

Three shares will turn ex-dividend on Friday. Chambal Fertilisers and Chemicals Ltd, Marico Limited and Siyaram Silk Mills Ltd will start trading ex-dividend from Friday

Chambal Fertilisers and Chemicals Ltd has announced an interim dividend of Rs 4.5 per equity share. Source: Pixabay

Three shares will turn ex-dividend on Friday. Chambal Fertilisers and Chemicals Ltd, Marico Limited and Siyaram Silk Mills Ltd will start trading ex-dividend from Friday.

What is ex-dividend date?
Ex-dividend date is the day when shares start trading ex-dividend. It means one who buys shares of a particular company on or after the ex-dividend date will not be entitled to the dividend announced by the company, however, one who holds the shares of the given company before the ex-dividend date is entitled for the dividend. On this date, the price of the stock gets adjusted for the dividend pay-out.

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Who is offering how much dividend?
Chambal Fertilisers and Chemicals Ltd has announced an interim dividend of Rs 4.5 per equity share, Marico Limited has declared interim dividend of Rs 6.25 per equity share and Siyaram Silk Mills will be disbursing interim dividend of Rs 3 a share to the eligible shareholders whose name appear on the company's book on record date. The three companies have fixed record dates for interim dividend on February 7, 2022.

What is record date?
Record date is the day when a company decides which shareholders are eligible for the dividend payout announced by the company. Ex-dividend date is usually one business day before the record date and is set by stock exchange rules.

How these shares have fared over one year?

In terms of return generated over the period of one year as on February 3, stock from textile space, Siyaram Silk Mills, lead the chart. This stock from textile industry has surged nearly 150 % in the last one year. Fertliser stock Chambal Fertilisers and Chemicals gained close to 70% and Marico Ltd, one of leading consumer goods companies operating in the health, beauty and wellness space, generated 20% return during the same time.

What is dividend?
A dividend is the distribution of corporate profits to eligible shareholders. Dividend payments and amounts are determined by a company's board of directors.

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