NTPC, Tech Mahindra among 11 stocks to trade ex-dividend tomorrow. Last chance to buy

Shares of Tech Mahindra, Godrej Consumer Products, Balkrishna Industries and NTPC among various other companies are likely to remain in focus today as they had fixed October 31 as the record date for the purpose of the dividends declared by them.

This means today is the last day to buy the shares of these companies in order to be eligible for the dividends announced.

Dividends are paid to the shareholders who are listed in the company’s records on the record date. Those buying the stock on the ex-date are not eligible for dividends.

After the implementation of the T+1 framework, the record date and ex-date are the same in most cases unless there is a market holiday after the ex-date. Shareholders who buy the stock at least one day before the ex-date are eligible for dividends as settlement happens the next day.

NTPC

Earlier in the last week, the board of NTPC announced the first interim dividend of FY25 worth Rs 2.50 per share and had fixed October 31 as the record date for the purpose.

“Board of Directors in its aforesaid meeting decided, inter alia, to pay first interim dividend at the rate of 25% (Rs. 2.50/- per share) on the face value of paid-up equity shares of Rs. 10/- each for the financial year 2024-25,” said the company in an exchange filing.

The company had also informed that the said dividend would be paid to the shareholders on November 18.

In the past 12 months, NTPC has declared equity dividends amounting to Rs 7.75 per share and at the share price of Rs 406.20, the company’s dividend yield is 1.91%, according to the Trendlyne data.

Tech Mahindra

Earlier in the month, while declaring its second quarter results, the board of Tech Mahindra had also announced an interim dividend of Rs 15 per share, fixing November 1 as the record date for the purpose.

Since November 1 is a market holiday, October 31st becomes the ex-date. This means that in order to qualify for the said dividend, one needs to buy the shares of Tech Mahindra today for their names to appear in the company’s books as of the record date.

“We wish to inform you that the Board of Directors of the Company have at their Meeting held today, Saturday, 19th October, 2024 (IST) commenced at 00:00 am (IST), inter-alia, approved the following:- Declared Interim dividend of Rs. 15/- per equity shares of Rs. 5/- each i.e. 300% of the face value,” said the company in an exchange filing.

The company had also informed that the said dividend would be paid to the shareholders on or before November 17.

In the past 12 months, Tech Mahindra has declared equity dividends amounting to Rs 40 per share and at the share price of Rs 1,694.05, the company’s dividend yield is 2.36%.

Here is a list of other stocks which have ex-date tomorrow for the purpose of dividends:

Balkrishna Industries declared an interim dividend of Rs 4 per share

Bhansali Engineering Polymers announced an interim dividend of Re 1 per share

Birlasoft declared an interim dividend of Rs 2.5 per share

Ceenik Exports (India) had declared a dividend of Rs 15 per share

Dodla Dairy announced an interim dividend of Rs 3 per share

Godrej Consumer Products announced an interim dividend of Rs 5 per share

Julien Agro Infratech announced an interim dividend of Rs 0.05 per share

Ramkrishna Forgings will be paying an interim dividend of Re 1 per share

R R Kabel announced an interim dividend of Rs 2.5 per share

Supreme Petrochem announced an interim dividend of Rs 2.5 per share

Transport Corporation Of India announced an interim dividend of Rs 3.5 per share

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