Shares of Axis Bank Ltd., Mahindra & Mahindra Ltd., Max Healthcare Institute Ltd., Biocon Ltd., and Tech Mahindra Ltd. will be of interest on Thursday as it marks the last session for investors to buy shares to qualify for receiving the interim dividend before the stock goes ex/record-date.
Investors eyeing dividend payouts must keep a close watch on these counters. 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. Hence, if the record date of a dividend stock is July 4, then shares must be purchased by July 3.
The ex-dividend date, which typically coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.
Full List Of Stocks Ahead Of Dividend Record Date
For Axis Bank, a final dividend of Re 1 per share has been declared, with the ex/record date set for July 4. Similarly, Bharat Forge has announced a final dividend of Rs 6 per share, and Biocon is distributing a final dividend of Re 0.50 per share, both with an ex/record date of July 4.
Tech Mahindra is offering a substantial final dividend of Rs 30 per share, and Mahindra & Mahindra has a dividend of Rs 25.3 per share, with both companies also having an ex/record date of July 4.
Shareholders who wish to be eligible for these dividends must own the shares before the specified ex-record date.
Dividends are a way for companies to reward their shareholders.
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