Dividend stocks, July 5 -- Shares of major companies, such as Sun Pharmaceutical Industries, JSW Steel, Pfizer, Shriram Finance and others, are scheduled to trade ex-dividend next week, according to BSE.

Some of the major companies have announced various corporate actions, including the bonus issue and right issue of equity shares, according to BSE data.

The day when the equity share price adjusts to show the next dividend payout is known as the ex-dividend date. When the stock becomes ex-dividend, it means that the stock does not carry the value of its next dividend payment from that day forward.

Dividends are payable to all the shareholders whose names appear on the company's list by the end of the record date.

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