Dividend Stocks: ICICI Bank, 4 others to trade ex-dividend today - August 9

Dividend stocks: Shares of ICICI Bank, LT Foods, Motherson Sumi Wiring India, Sarthak Metals and West Coast Paper Mills will trade ex-dividend today. The ex-dividend date is the day on which the price of an equity share adjusts to reflect the next dividend payout.

Ex-dividend is the day the stock becomes ex-dividend, which simply means it does not carry the value of its next dividend payment from that day forward.

Only those shareholders are eligible to receive dividend payments whose names appear on the company’s list by the end of the record date.

Also read: IRCTC, ZEE, Tata Power, among stocks to declare Q1 results

Here is a list of dividend stocks today:

LT Foods: The company that processes rice and other speciality foods announced an interim dividend of ₹0.5. The LT Foods shares trade ex-dividend today.

ICICI Bank: One of the top private banks in India, ICICI Bank announced a final dividend of ₹8 earlier and today the stock is trading the ex-dividend price.

Motherson Sumi Wiring India: The wiring harness company has earlier announced a final dividend of ₹0.65

Sarthak Metals had announced a final dividend of ₹1

And finally, West Coast Paper Mills had given a final dividend of ₹10