A total of three stocks will go ex-dividend on Monday. This includes Sula Vineyards, Tata Coffee and Anupam Rasayan, according to the National Stock Exchange (NSE) website. While Visaka Industries will turn ex-split today. Shares of companies usually trade ex-dividend on the day of record date or a day before. When a company trades ex-dividend on a particular date, its stock does not carry the value of the next dividend payment.

Share Market Live

NSE

Shares of Sula Vineyards settled 0.96 percent higher at Rs 442.20 apiece on BSE on Friday. On the other hand, stocks of Tata Coffee and Anupam Rasayan closed down by 0.20 percent and up by 2.02 percent respectively on the BSE.

Sula Vineyards

Sula Vineyards will pay a final dividend of Rs 5.25 per share having a face value of Rs 2 each for FY23. In percentage terms, the dividend is 262.5 percent. The record date is the same as the ex-dividend date on May 15 to determine eligible shareholders for this dividend benefit.

ALSO READ | Tata Motors, DLF, Cipla and more: Monday's top brokerage calls

This would be the first dividend payment to shareholders since listing on exchanges.

Tata Coffee

Tata Coffee has announced a dividend of Rs 3 per equity share with a face value of Re 1. The stock will trade ex-dividend today, May 15.

Anupam Rasayan

This company said it will pay third interim dividend of Rs 1.50 per share having a face value of Rs 10 each for FY23. The company had paid a second interim dividend of Rs 0.60 per share whose ex-date and the first interim dividend of Rs 1 per share with an ex-dividend date in August 2022.

Visaka Industries

This stock will be turning ex-split on Monday. Notably, every 1 equity share having a face value of Rs 10 each will split into 5 equity shares having a face value of Rs 2 each. The stock split ratio is 5:1.

ALSO READ | FII flows, Q4 earnings among factors that will steer Dalal Street this week