Tata Power & 4 other stocks trade ex-dividend today

Shares of Tata Power, Marksans Pharma, Optiemus Infracom, Seshasayee Paper and Boards, Uniparts India turned ex-dividend on Wednesday.

Tata Power has earlier announced a dividend of Rs 2 per equity share for the financial year 2022-23. The company has fixed record date of June 8 to determine the eligibility of shareholders.

Shares of companies trade ex-dividend on the day of record date or a day before. When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment.

Marksans Pharma has earlier announced a dividend of Re 0.5 per equity share and the company has set June 7 as the record date.

The company's shares have nearly doubled investors' wealth in the last one-year period, rising 95%. On a year-to-date basis, the stock is up 52%.

Optiemus Infracom, on the other hand, declared a dividend of Rs 1.5 per share and the record date for the same is June 7.

Optiemus Infracom is a diversified, award-winning, high-performance telecommunications enterprise with over 25 years of multi-domain experience including management, distribution & marketing of mobile and telecom products in the Indian subcontinent.

The company's shares are down nearly 25% on a year-to-date basis.

Seshasayee Paper and Boards has earlier announced a dividend of Rs 6 per equity share, which is 300% of the face value of the share. The company had fixed June 7 as the record date for the same.

Seshasayee Paper and Boards has offered about 52% returns in the last one-year period.

Uniparts India, meanwhile, has approved a dividend of Rs 6 per equity share. The record date for the same is fixed as June 7.

Uniparts is an Indian-based global manufacturer of engineered systems and solutions. The Group is a leading supplier of systems and components for the off-highway market and operates out 3 countries with its products reaching over 25 countries worldwide.