Asian Paints Dividend: Last Day To Buy Shares To Qualify, Details Here
Asian Paints' board announced a final dividend of Rs 20.55 per share for financial year 2025.
Shares of Asian Paints 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.
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.
Asian Paints' board announced a final dividend of Rs 20.55 per share for financial year 2025. The record date to determine the shareholders eligible for the dividend payout has been fixed as June 10. The total value of the dividend to be disbursed amounts to around Rs 1,971 crore.
The firm will pay the final dividend on June 30, after shareholder approval at the annual general meeting.
The company has issued a total dividend of Rs 24.80, including an interim dividend of Rs 4.25 per equity approved by the board on Nov. 9.
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Given India's T+1 settlement cycle, shares purchased on the record date (June 10 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by June 9 will be the beneficiaries.
In comparison, the company had issued a final dividend of Rs 28.15 in the last financial year and an interim dividend of Rs 5.15.
Asian Paints' fourth-quarter profit fell, and margins remained under pressure due to inflationary pressure and higher ad spends.
India's largest paint-maker saw a 45% dip in consolidated net profit year-on-year to Rs 692.13 crore in the quarter-ended March. The company also reported a one-time cost of Rs 183 crore.
The exceptional item of Rs 183.0 crore includes an impairment loss of Rs 77.8 crore on White Teak's goodwill and intangible assets, and Rs 21.5 crore on Causeway Paints' goodwill. Additionally, there was a loss of Rs 83.7 crore from the disposal of assets in Indonesia.
Revenue for the quarter under review fell 4.3% to Rs 8,358.91 crore, while Ebidta was down 15% to Rs 1,436.20 crore. The margins contracted 220 basis points to 17.2%.
