Shares of Titan Co., JSW Steel Ltd., Solar Industries Ltd. and JK Cement Ltd. will be of interest on Monday as it marks the last session for investors to buy shares to qualify for receiving the 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 8, then shares must be purchased by July 7.
The ex-dividend date, which typically coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.
On July 8, several companies have their ex-dividend/record date for dividends.
Titan will pay a dividend of Rs 11 per share for financial year 2025. The company will pay Rs 976 crore in dividends to nearly 8.55 lakh shareholders. It is set to pay or dispatch the dividend on or after the seventh day from the conclusion of the 41st annual general meeting.
The JSW Steel board recommended a final dividend of Rs 2.8 per share for fiscal 2025. The dividend will be credited on or before 30 days from the date of the AGM, to be held on July 25.
JK Cement will issue a dividend of Rs 15 per share, while Solar Industries India will pay Rs 10 per share.
Shareholders who wish to be eligible for these dividends must own the shares before the specified record date.
Dividends are a way for companies to reward their shareholders.
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