[ad_1]
For all dividend seekers, here’s a list of 3 high-quality stocks that are going ex-dividend next week.
Balmer Lawrie & Company Limited
Balmer Lawrie & Company (NS:) is a small-cap diversified conglomerate, having businesses in tours and travel, industrial packaging, greases and lubricants, etc. The company has a market capitalization of INR 2,949 crore and trades at a TTM P/E ratio of 17.05. In Q1 FY24, the revenue figure declined 8.2% YoY to INR 602.47 crore but the net profit jumped 2.1% to INR 57.3 crore.
There has been a surprising jump in the FIIs’ holdings in the June 2023 quarter, which has gone up to 1.95%, the highest in the last 6 quarters, at least. The stock trades at a dividend yield of 4.35% and the management has declared a dividend of INR 7.5 per share, the ex-dividend date of which is 20 September 2023.
PTC India Limited
PTC India (NS:), formerly known as Power Trading Corporation of India is a power trading company having a market capitalization of INR 4,373 crore. The entire power sector of India is growing and as a result, PTC India’s share price has risen 87.2% in the last 12 months. This can be attributed to a 12.8% YoY jump in Q1 FY24 revenue to INR 4,864.02 crore and a 10.6% YoY jump in the net profit to INR 129.83 crore.
The stock trades at a lucrative dividend yield of 5.28%, making it one of the best long-term dividend stocks out there. The management has declared a dividend of 7.8 per share, the ex-dividend date of which is 20 September 2023.
Cochin Shipyard Limited
Cochin Shipyard (NS:) is a shipbuilding company with a market capitalization of INR 14,289 crore. The entire defense sector has delivered multibagger returns in the last couple of years and Cochin Shipyard shares have rallied 188% in the last 12 months, which has also increased its TTM P/E ratio to 39.56, making it somewhat more expensive than before.
However, the growth story is clearly intact here and with a dividend yield of 1.56%, it can also make its place in a healthy dividend portfolio. The company has declared a dividend of INR 3 per share, the ex-dividend date of which is 21 September 2023.
Read More: Chart of the Day: Stock Breaks Range with a 5% Surge to ATH!
[ad_2]
Source link
