Shares of Coal India Ltd., Kirloskar Industries Ltd., Blue Dart Express Ltd. and 16 other companies will be of interest on Tuesday, as it marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.
For a dividend, 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 Aug. 6, then shares must be purchased by Aug. 5.
The ex-dividend date, which typically coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.
Dividend Stocks On Radar
PSU miner Coal India declared its first interim dividend of Rs 5.5 per equity share for the current fiscal last week. Payment of the dividend will be made by Aug 30, according to an exchange filing. The company is likely to disburse a total of Rs 3,390 crore in dividend payout.
Blue Dart Express will issue a final dividend of Rs 25 to shareholders, while Kirloskar Industries has announced a dividend of Rs 13.
Great Eastern Shipping Co. and Dr. Lal PathLabs Ltd. will give an interim dividend of Rs 7.2 and Rs 6, respectively.
Besides, Brookfield India Real Estate Trust REIT is set to provide income distribution to unitholders. As per regulations, REITs must distribute at least 90% of their taxable income to unitholders. When the value of REIT appreciates, investors tend to earn substantial returns.
Dividends are a way for companies to reward their shareholders. Such payouts can be annual through a final dividend or a special and interim dividend.
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