Six Companies Set to Trade Ex-Dividend on February 19

In an upcoming financial event, shares of six companies, including well-known names like Gillette India and Carborundum Universal, are expected to trade ex-dividend on Wednesday, February 19, 2025. This means that investors must buy shares before this date to be entitled to the dividend payouts.

The Companies on the List

The companies set to trade ex-dividend on February 18, with a record date of February 19, include:

Gillette India: The leading consumer goods firm has announced a notable dividend of ₹65 per share. The company’s shares saw a significant surge of over 10% at the close of trading on Tuesday.
Carborundum Universal: This manufacturer, which specializes in abrasives, ceramics, and other essential materials, declared an interim dividend of ₹1.5 per share on February 13, 2025.
Maithan Alloys: On February 12, the firm announced an interim dividend of ₹3 per share, with the eligibility date set for February 19.
Saraswati Saree Depot: This retail company announced an interim dividend of ₹2.27 per share on February 14, 2025.
United Drilling Tools: Catering to the oil and gas industry, United Drilling Tools declared an interim dividend of ₹0.60 per share on February 7, 2025.
Conart Engineers: This company has announced a stock split, reducing its shares from ₹10 to ₹5 each. A stock split increases the total number of outstanding shares while maintaining the company’s total market capitalization.

Understanding the Ex-Dividend Concept

The ex-dividend date is vital for investors, as it marks the first day a stock trades without the entitlement to the declared dividend. To qualify for the dividend payout, one must be on the company’s books as a shareholder as of the record date—February 19 in this instance. Dividends represent a distribution of a company’s profits to its shareholders, typically provided on a regular schedule, such as quarterly or annually.

Market Outlook

On the broader market front, analysts anticipate that the domestic stock market may open flat with a slight negative bias on February 19. At 7:50 AM, GIFT NIFTY futures were trading at 22,955.50, indicating a decrease of 16.50 points, or 0.07%. This trend suggests that the NIFTY50 index could open down by approximately 18 points.

As the ex-dividend date approaches, investors may closely monitor these companies and the overall market conditions to make informed decisions regarding their investment strategies.