The week brings a busy slate of corporate actions, with several companies declaring dividends.
Key names in focus this week include Tata Elxsi Ltd., ICICI Prudential Life Insurance Co., Asian Paints Ltd., Trent Ltd., ACC Ltd., Adani Enterprises Ltd., Adani Ports and Special Economic Zone Ltd., and Ambuja Cements Ltd., all of which have record dates coming up.
Investors eyeing dividend payouts or stock-split benefits must keep a close watch on these dates to ensure eligibility.
To be eligible for dividends, investors should note the record date that determines shareholder eligibility. Under India’s T+1 settlement cycle, shares purchased on the record date itself will not qualify for the dividend payment. The ex-dividend date, which precedes the record date, marks when the share price adjusts to reflect the upcoming payout.
Here is a look at companies that declared dividends and have key dates coming up this week.
Final Dividends This Week
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Asian Paints Ltd.: Final dividend of Rs 20.55 per share, with a record date of June 10.
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Indian Bank: Final dividend of Rs 16.25 per share, with a record date of June 10.
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Tata Investment Corp.: Final dividend of Rs 27 per share, with a record date of June 10.
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Tata Elxsi Ltd.: Dividend of Rs 75 per share, with a record date of June 11.
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ICICI Prudential Life Insurance Co.: Final dividend of Rs 0.85 per share, with a record date of June 12.
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Tata Chemicals Ltd.: Final dividend of Rs 11 per share, with a record date of June 12.
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Trent Ltd.: Final dividend of Rs 5 per share, with a record date of June 12.
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ACC Ltd.: Final dividend of Rs. 7.5 per share, with a record date of June 13.
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Adani Enterprises Ltd.: Final dividend of Rs 1.3 per share, with a record date of June 13.
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Adani Ports and Special Economic Zone Ltd.: Final dividend of Rs 7 per share, with a record date of June 13.
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Canara Bank: Final dividend of Rs 4 per share, with a record date of June 13.
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Indegene Ltd.: Final dividend of Rs 2 per share, with a record date of June 13.
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Piramal Enterprises Ltd.: Final dividend of Rs 11 per share, with a record date of June 13.
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Power Finance Corporation Ltd.: Final dividend of Rs 2.05 per share, with a record date of June 13.
Dividends This Week
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Ambuja Cements Ltd.: Dividend of Rs 2 per share, with a record date of June 13.
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Adani Total Gas Ltd.: Dividend of Rs 0.25 per share, with a record date of June 13.
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JM Financial Ltd.: Dividend of Rs 2.7 per share, with a record date of June 13.
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