Out of the lot, two are Nifty companies, i.e., Titan and IndusInd Bank, along with other names like Bajaj Holdings & Investment, Voltas, REC, etc.
Dividends are paid to shareholders whose names appear in the company’s database on the record date. 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. Those buying the stock on the ex-date are not eligible for dividends.
Here is a list of stocks that are trading on an ex-dividend basis this week:
June 25
- Voltas: Voltas declared a dividend of Rs 5.50 per share and the ex-date for the purpose is June 25.
- Tata Elxsi: The ex-date for the dividend declared by Tata Elxsi is June 25. The company had announced a dividend of Rs 70 per share.
- Alkyl Amines Chemicals: The company announced a dividend of Rs 10 per share and the ex-date for the same is June 25.
- Cera Sanitaryware: The ex-date for Rs 60 per share dividend declared by Cera is June 25.
June 26
- Aegis Logistics: Aegis Logistics declared a dividend of Rs 2 per share while announcing the record date as June 26.
- Welspun Living: Welspun Living announced a dividend of Rs 0.10 per share and the ex-date for the purpose is June 26.
June 27
- Supreme Petrochem: The ex-date for Supreme Petrochem’s dividend of Rs 7 per share is June 27.
- Titan: Ex-date for qualifying for the eligibility of the company’s dividend payout is June 27. The dividend amount announced was Rs 11 per share.
June 28
- Vaibhav Global: Vaibhav Global had announced a dividend of Rs 1.50 per share and the ex-date for the purpose is June 28.
- Welspun Corp: The record date for the purpose of Rs 5 per share dividend of Welspun Corp is June 28.
- Syngene International: Syngene International had announced a dividend of Rs 1.25 per share. The record date for the same is June 28.
- Swaraj Engines: The ex-date for the purpose of the dividend is June 28. The dividend amount was Rs 95 per share.
- REC: REC declared a dividend of Rs 5 per share and the record date for the purpose is June 28.
- Nippon Life India Asset Management: Record date set by the company for the dividend purpose is June 28 while the amount determined was Rs 11 per share.
- Maharashtra Scooters: Maharashtra Scooters will be paying out a dividend of Rs 60 per share and the record date for the same was fixed as June 28.
- Kalpataru Projects International: The record date fixed for the dividend purpose is June 28 and the amount is Rs 8 per share.
- IndusInd Bank: IndusInd Bank proposed a dividend of Rs 16.50 per share for its eligible shareholders and the record date for the purpose is June 28.
- Bank of Baroda: The bank’s ex-date for the purpose of Rs 7.60 per share dividend is June 28.
- Bajaj Holdings & Investment: The company announced June 28 as its record date for the dividend purpose, which will be Rs 21 per share.
- Aeroflex Industries: Aeroflex Industries intends to payout a dividend of Rs 0.25 per share. The record date for this purpose is June 28.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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