Ashish Kacholia and Vijay Kedia-owned multibagger stock to trade ex-dividend today

Shares of Vaibhav Global, which have given multibagger returns to investors in the last five years, will trade ex-dividend on Friday. The stock is partly owned by ace investors Vijay Kedia and Ashish Kacholia.

Vaibhav Global, a multinational electronic retailer and manufacturer of fashion jewelry and lifestyle accessories, declared an interim dividend of Rs 1.50 per equity share. In the past 12 months, the company has paid an equity dividend amounting to Rs 6 per share, resulting in a dividend yield of 2.01%.

When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment. Usually, an ex-dividend date is set one or two days before the record date. An ex-dividend date also dictates which shareholders are eligible to receive the dividend payment.

The stock has given multibagger returns to investors in the last five years, offering over 550% from March 2021 to April 2022. In the last five years, the stock has more than double. However, the stock has underperformed in the last one year, offering -33.62% returns.

Ace investors Vijay Kedia and Ashish Kacholia own stakes in Vaibhav Global. While Kedia owns about 1.95% in the company, Kacholia has 1.21% stake, as per shareholding pattern available till December.

Motilal Oswal Financial Services, IIFL Securities, Control Print, KEI Industries, Steel Cast and Zensar Technologies are six other companies that will also go ex-date on Friday in relation to the dividends announced.

Domestic brokerage Motilal Oswal Financial Services announced an interim dividend of Rs 7 per equity share. The company has paid Rs 10 dividend in the last 12 months with a dividend yield of 1.44%.

Apart from broking services, Motilal Oswal offers well-diversified financial services such as private wealth, retail broking and distribution, institutional broking, asset management and others

Another broking house IIFL Securities will go ex-dividend on Friday as the company has declared a dividend of Rs 3 per share. The company has a target price of Rs 98, with an upside of 43.17% from the current levels.

Control Print, which is engaged in the business of coding and marking, will pay an interim dividend of Rs 4 per share. In the last one year, the company has had a dividend yield of 2.02%.

Three other companies KEI Industries, Steel Cast and Zensar Technologies will trade ex-dividend today as the companies announced dividends of Rs 3, Rs 1.80 and Rs 1.50 per share, respectively.

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