5 stocks to trade ex-dividend today

Shares of five companies including TVS Motor Company, Saregama will trade ex-dividend on Thursday with respect to the dividends announced.

TVS Motor Company, VIP Industries, Taneja Aerospace & Aviation, Accelya Solutions India and Saregama India will go ex-dividend at the bourses today.

Two-wheeler maker TVS Motor Company announced an interim dividend of Rs 5 and the stock will trade ex-dividend on February 2. The company has a dividend yield of 0.36% in the last one year and has declared dividends of Rs 3.75 per share in the same period.

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.

VIP Industries has announced a dividend of Rs 2 per share. In the past 12 months, the company has declared an equity dividend amounting to Rs 5 per share. At the current share price levels, it results in a dividend yield of 0.73%. The company is engaged in the business of luggage and travel accessories and is one of the largest luggage maker in India.

Meanwhile, Taneja Aerospace & Aviation, which manufactures and markets aviation-related products and services, has declared an interim dividend of Rs 2 per equity share.

According to data from trendlyne, in the past 12 months, Taneja Aerospace has declared an equity dividend amounting to Rs 2.50 per share and has a dividend yield of about 2.24%, if we consider current share price levels.

Accelya Solutions India has announced a dividend of Rs 35 per share. The company is a leading global technology and service provider to the air transport industry. The company has declared dividend amounting to Rs 62 per share in the last one year and it has a dividend yield of 4.48%.

Saregama India, which has given multibagger returns to investors in the last five years will also trade ex-dividend today. The company's stock has risen over 400% in the last five years. Saregama India has declared a dividend of Rs 3 per share.