Five Companies Set Ex-Dividend Date for November 13, Including Great Eastern Shipping and Patanjali Foods
The Great Eastern Shipping Company, ADF Foods, Amara Raja Energy & Mobility, Patanjali Foods, and Sasken Technologies have declared interim dividends. The ex-dividend date is November 13, with November 12 being the last day to purchase shares for dividend eligibility. Dividend percentages range from 30% to 540%, with per-share values between Rs 0.60 and Rs 12.00. Investors must hold shares by the end of trading on November 12 to qualify for the payouts.

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In a series of announcements that have caught the attention of dividend-seeking investors, five listed companies have declared interim dividends and set their ex-dividend date for November 13. This move means that November 12 will be the last day for investors to purchase shares to be eligible for these dividend payouts.
Dividend Details
The following table summarizes the interim dividend declarations:
| Company Name | Interim Dividend | Per Share Value |
|---|---|---|
| The Great Eastern Shipping Company | 72% | Rs 7.20 |
| ADF Foods | 30% | Rs 0.60 |
| Amara Raja Energy & Mobility | 540% | Rs 5.40 |
| Patanjali Foods | - | Rs 1.75 |
| Sasken Technologies | 120% | Rs 12.00 |
Key Points for Investors
- Ex-Dividend Date: November 13, 2023
- Last Date to Buy: November 12, 2023 (end of trading day)
- Eligibility: Investors must hold shares by the end of trading on November 12 to qualify for the dividend payouts
Significance for Shareholders
These interim dividend declarations come as welcome news for shareholders of these five companies. The dividends range from a modest 30% (Rs 0.60 per share) by ADF Foods to a substantial 540% (Rs 5.40 per share) by Amara Raja Energy & Mobility.
The Great Eastern Shipping Company's 72% dividend (Rs 7.20 per share) and Sasken Technologies' 120% dividend (Rs 12.00 per share) also stand out as significant returns for their respective shareholders.
Patanjali Foods, while not expressing its dividend as a percentage, has declared an interim dividend of Rs 1.75 per share.
Investor Action Required
Investors interested in receiving these dividends should ensure they complete their share purchases by the end of the trading day on November 12. This timing is crucial as the ex-dividend date of November 13 marks the cut-off point for dividend eligibility.
It's important to note that on the ex-dividend date, the stock price typically adjusts to reflect the dividend payout, often decreasing by an amount similar to the dividend value.
These dividend announcements may attract short-term investors looking to capitalize on the payouts. However, long-term investors should consider these dividends as part of their overall investment strategy, taking into account the companies' fundamentals and future prospects beyond these one-time payments.
As always, investors are advised to conduct their own research and consider their individual financial goals and risk tolerance before making investment decisions based on dividend announcements.
























