Shares of Ashok Leyland Ltd., Emami Ltd., and GM Breweries Ltd. will be of interest on Wednesday, as the day marks the last session for investors to buy shares to qualify for receiving the dividend, before the stock goes ex/record-date.
The record date determines the eligible shareholders who will receive the dividend payment. The ex-dividend date, which mostly coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.
Ashok Leyland' board announced an interim dividend of Rs 4.25 per share for financial year 2025. The record date to determine the shareholders eligible for the dividend payout has been fixed as May 22.
In comparison, the company had issued an interim dividend of Rs 2 apiece on Nov. 19, 2024, and a dividend of Rs 4.95 on April 3, 2024.
Given India's T+1 settlement cycle, shares purchased on the record date (May 15 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by May 12 will be the beneficiaries.
Emami announced a special dividend of Rs 2 and will distribute nearly Rs 87.30 crore. The company had issued an interim dividend of Rs 4 apiece on Feb. 4, 2025, and a dividend of Rs 4 on Nov. 18, 2024.
GM Breweries had announced a final dividend of Rs 7.5. The company had issued a final dividend of Rs 7 apiece on May 9, 2024, and a dividend of Rs 6 on May 16, 2023.
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