India, Jan. 24 -- A dividend is a portion of a company's profits distributed to its shareholders as a reward for holding its shares. Companies pay dividends to retain and attract long-term investors. When a stock trades ex-dividend, it means that investors purchasing the stock on or after that date are not entitled to receive the declared dividend. Here are stocks that will trade ex-dividend in the coming week:
United Spirits
With a market capitalisation of Rs. 96,955.87 crore, the shares of United Spirits Limited closed at Rs. 1333 per equity share, plunging by 0.44 percent from its previous day's close price of Rs. 1338.95.
The company is issuing an interim dividend of Rs. 6 per equity share, representing a 300 percent payout over th...
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