Six companies, including Gillette India, United Drilling Tools, and Carborundum Universal, trade ex-dividend today

On February 19, 2025, Six companies, including Gillette India Limited, United Drilling Tools Limited, and Carborundum Universal Limited, are set to go ex-dividend. This means only shareholders who held shares before this date will qualify for the dividend payout. When a stock goes ex-dividend, new buyers are not eligible for the upcoming payout. The record date is when the company confirms which shareholders are eligible to receive dividends.

Dividends allow companies to distribute earnings to investors, making dividend-paying stocks a popular choice for those looking to build a steady income through their share market investment while also benefiting from potential stock price appreciation.

Company-wise dividend announcements

Here is a detailed look at company-wise dividend announcements to help you stay informed about payouts and investment plans.

1. Gillette India Limited

Gillette India has declared the highest dividend among the six, offering ₹65 per share. This reflects the company's strong financial performance and commitment to rewarding its shareholders.

2. Carborundum Universal Limited

A well-known player in abrasives and ceramics, Carborundum Universal announced an interim dividend of ₹1.5 per share on February 13, 2025.

3. Maithan Alloys Limited

The company issued an interim dividend of ₹3 per share on February 12, 2025.

4. Saraswati Saree Depot Limited

This retail firm announced an interim dividend of ₹2.27 per share on February 14, 2025.

5. United Drilling Tools Limited

Serving the oil and gas industry, United Drilling Tools declared an interim dividend of ₹0.60 per share on February 7, 2025.

6. Conart Engineers Limited

Instead of a dividend, Conart Engineers is undergoing a stock split, reducing its share price from ₹10 to ₹5 per share. This move increases the number of outstanding shares while keeping the company's overall market value unchanged.

Key takeaways for investors

For investors, dividend payouts and stock splits can influence stock prices and market behaviour. Those looking for reliable returns often include dividend-paying stocks in their share market investment plans. Meanwhile, stock splits can make shares more affordable and increase liquidity in the market. As of February 19, 2025, Gillette India surged over 6%, while Carborundum Universal was down by 2%.

As these six companies trade ex-dividend today, investors will be watching closely to see how the market responds.