Tata Power & 4 other stocks trade ex-dividend today

Tata Power, Marksans Pharma, Optiemus Infracom, Seshasayee Paper and Boards, and Uniparts India stocks have turned ex-dividend on Wednesday. Tata Power announced a dividend of Rs 2 per share while Marksans Pharma declared Re 0.5 per share dividend. Optiemus Infracom approved a dividend of Rs 1.5 per share and Seshasayee Paper and Boards declared a dividend of Rs 6 per share, which is 300% of the face value of the share. Similarly, Uniparts India’s board approved a dividend of Rs 6 per share. Shares of companies trade ex-dividend on the record date or a day before, and the stock does not carry the value of the next dividend payment.