HAL among 19 stocks to trade ex-dividend on Wednesday. Last day to buy for eligibility

Hindustan Aeronautics (HAL) among 19 other companies like Symphony, Pfizer, etc are expected to be in focus today as they have set August 21 as the record date for determining shareholders eligible for dividend payments.

The board of HAL declared a final dividend of Rs 13 per share for its eligible shareholders earlier in June.

“The Board at its meeting held today has, inter-alia, recommended the following for approval of the shareholders of the Company at the ensuing Annual General Meeting (AGM): Final dividend of Rs. 13 per equity share of Rs. 5/- each fully paid up( 260%) for the Financial Year 2023-24, which shall be paid to the eligible shareholders within 30 days from the date of its approval in AGM. Record Date for the payment of final dividend for the financial Year 2023-24, if approved by the shareholders in the ensuing AGM, will be Wednesday, the 21st August, 2024,” said the company in a filing to the exchanges.

This means today is the last day to buy shares of the company in order to qualify for the announced dividends.

Dividends are paid to shareholders listed in the company’s records on the record date. To be eligible for dividends, shares must be purchased at least one day before the ex-date, as transactions settle the next day. However, those who buy shares on the ex-date will not qualify for dividends.Also read: CA Rudramurthy explains why Vedanta is his top pick in metal pack

Here is a list of other stocks, as per StockEdge that will start trading on an ex-dividend basis from Wednesday:

Bharat Bijlee announced a dividend of Rs 35 per share.

Credo Brands Marketing declared a dividend of Rs 0.5 per share.

Emami Paper Mills will pay a dividend of Rs 1.6 per share.

Engineers India declared a dividend of Re 1 per share.

Gateway Distriparks announced an interim dividend of Rs 1.25 per share.

India Glycols declared a final dividend of Rs 8 per share.

ISGEC Heavy Engineering announced a dividend of RS 4 per share.

ITD Cementation’s board had declared a dividend of Rs 1.7 per share.

KPI Green Energy announced a dividend of Rs 0.2 per share.

Linc Ltd announced a final dividend of Rs 5 per share.

Pfizer announced a dividend of Rs 35 per share.

Rajapalayam Mills announced a dividend of Rs 0.6 per share.

Satia Industries will be paying a dividend of Rs 0.1 per share.

The board of Snowman Logistics will be paying a dividend of Re 1 per share.

Sumedha Fiscal Services will be paying a dividend of Re 1 per share to its eligible shareholders.

Symphony announced a dividend of Re 1 per share.

Uniparts India announced a dividend of Rs 6.75 per share.

Vidhi Specialty Food Ingredients declared a dividend of Re 1 per share.

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