The upcoming week brings a busy slate of corporate action, with the record dates lined up of several companies that have declared interim and final dividends.
This week will also see V-Mart Retail Ltd.'s 3:1 bonus issue on June 23, and Infibeam Avenues Ltd.'s right issue on June 26, along with three stock splits.
Key names in focus this week include Dalmia Bharat Ltd., Hindustan Unilever Ltd., Kansai Nerolac Paints Ltd., Vedanta Ltd., Kalpataru Projects International Ltd., Samvardhana Motherson International Ltd., V-Mart Retail, and Polycab India Ltd., among others, which have record dates coming up.
Investors eyeing dividend payouts or stock-split benefits must keep a close watch on these dates to ensure eligibility.
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. The ex-dividend date, which precedes the record date, is when the share price adjusts to reflect the upcoming payout.
Here is a look at companies that declared dividends and have key dates coming up this week.
Final Dividends This Week
Record date on June 23
Dalmia Bharat: Final dividend of Rs 5 per share
Dynamic Cables: Final dividend of Rs 0.50 per share
Hindustan Unilever: Final dividend of Rs 24
Kansai Nerolac Paints: Final dividend of Rs 2.50 and special dividend of Rs 1.25
Kalpataru Projects International: Final dividend of Rs 9
Samvardhana Motherson International: Final dividend of Rs 0.35
Motherson Sumi Wiring India: Final dividend of Rs 0.35
Pilani Investment and Industries Corporation: Final dividend of Rs 15
Record date on June 24
Alkyl Amines Chemicals: Final dividend of Rs 10
Polycab India: Final dividend of Rs 35
Vedanta: Interim dividend of Rs 7
Record date on June 25
Automobile Corporation of Goa: Final dividend of Rs 20.
Aegis Logistics: Interim dividend of Rs 2
Quest Capital Markets: Final dividend of Rs 2.5
Record date on June 26
Prime Securities: Final dividend of Rs 1.5
Record date on June 27
Allied Blenders and Distillers: Final dividend of Rs 3.6
Alufluoride: Final dividend of Rs 3
Bajaj Finserv: Final dividend of Rs 1
Bajaj Holdings & Investment: Final dividend of Rs 28
Bharat Bhushan Finance & Commodity Brokers: Final dividend of Rs 0.6
CARE Ratings: Final dividend of Rs 11
Cipla: Special dividend of Rs 3 and final dividend of Rs 13
Maharashtra Scooters: Final dividend of Rs 30 and special dividend Rs 30
RPG Life Sciences: Special dividend of Rs 4 and final dividend of Rs 20
Sky Industries: Final dividend of Rs 1
Swaraj Engines: Final dividend of Rs 104.5
Syngene International: Final dividend of Rs 1.2500
Visaka Industries: Final dividend of Rs 0.5
Welspun Living: Final dividend of Rs 1.7
Record date on June 28
Rainbow Children's Medicare: Final dividend of Rs 3
Vaibhav Global: Final dividend of Rs 1.5
Dividends This Week
HDFC Bank: Dividend of Rs 22 on June 27.
Jayant Agro Organics: Dividend of Rs 2.5 on June 27.
Stock Split
Laddu Gopal Online Services Ltd., will split its stock from Rs 10 per share to Rs 2 per share on June 24. Elitecon International Ltd. will have stock split from Rs 10 per share to Rs 1 per share on June 25 and Padam Cotton Yarns Ltd. will split its shares from Rs 10 to Rs 1 apiece on June 27.
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