Nelco, Prime Securities shares to go ex-dividend today

Dividend news 2023: Shares in satellite communication service provider Nelco, a Tata group company, and investment banking, as well as corporate advisory services company Prime Securities, are all set to trade ex-dividend on Tuesday, June 6.

Nelco dividend

Nelco has announced a dividend of Rs 2 per equity share, a 20 per cent payout given the face value of Rs 10 per share.

Prime Securities dividend

Prime Securities has announced a dividend of Re 0.50 per share, a 10 per cent payout given the face value of Rs 5 per share.  

What is an ex-date?

An ex-date is the date on which a security trades on the bourses minus the value of corporate action such as a dividend or a bonus.

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