Ex-Dividend Week: Sanofi India, Marico, and More Dividend Stocks to Watch

Several companies including Marico Ltd, Panchsheel Organics and Sanofi India among others, are set to trade ex-dividend this week starting from Monday, 4th March. Additionally, some other companies will trade ex-bonus and ex-split during the same period.

Ex-dividend date is important for both current and potential investors. It's the day when a company's shares begin trading without factoring in the next dividend payment.

In straightforward terms, if you buy the stock before the ex-dividend date you'll receive the upcoming dividend payment. However, if you purchase it on or after the ex-dividend date you won't get the dividend.

Multiple Stocks Declare Dividends:

1. DCM Shriram Limited has declared an interim dividend of ₹4 per share, Shareholders should note that the shares will trade ex-dividend on 6 March.
2. Marico Ltd has announced an interim dividend of ₹6.5 per share, shares will trade ex-dividend on 6 March.
3. Panchsheel Organics has declared an interim dividend of ₹0.08 per share and shares will trade ex-dividend on 7 March.
4. Sanofi India Ltd has declared an interim dividend of ₹50 per share the ex-dividend date for Sanofi India Ltd is also 7 March.

The following are the stocks have declared a stock split:

1. Tiger Logistics (India) Ltd will undergo a stock split reducing its face value from ₹10 to ₹1. This means that for every share of the company with a face value of ₹10 shareholders will receive ten shares with a face value of ₹1 each.Tiger Logistics will trade ex-split on 4 March.
2. Capri Global Capital Limited will also undergo a stock split, reducing its face value from ₹2 to ₹1. Shareholders will receive two shares with a face value of ₹1 each for every one share they currently own. Capri Global Shares will trade ex-split on 4 March.
3. Manorama Industries Ltd will split its stock reducing its face value from ₹10 to ₹2. This means shareholders will receive five shares with a face value of ₹2 each for every one share they currently own. Manorama Industries shares will trade ex-split on 7 March.

A stock split is when a company increases the number of its shares but lowers its price. This makes the shares easier to buy for investors. The total value of the shares stays the same, so the company's overall worth doesn't change.