Dividends And Stock Splits This Week — Oberoi Realty, Varun Beverages, Bajaj Finance; Track Record Dates

The week starting May 5 brings a busy slate of corporate actions, with several companies declaring dividends and stock splits.

Key names in focus include Oberoi Realty Ltd., Varun Beverages Ltd., Anand Rathi Wealth Ltd. and Bajaj Finance Ltd., all of which have record dates coming up this week. Investors eyeing payouts or split benefits must track record dates closely.

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, marks when the share price adjusts to reflect the upcoming payout.

A stock split is a corporate action where a company increases the number of outstanding shares by reducing the face value per share. This typically enhances liquidity as the stock price adjusts accordingly. While the number of shares increases, the total investment value remains unchanged.

Here is a look at companies that declared interim dividends and have key dates coming up this week.

Interim Dividend

• Oberoi Realty has declared an interim dividend of Rs 2 per share, with a record date of May 5. The last day to purchase shares and be eligible was Friday, May 2. The said interim dividend shall be paid starting from May 26. 

• PTC India Ltd. has announced an interim dividend of Rs 5 per share, with a record date of May 5.

• Crisil Ltd. will pay an interim dividend of Rs 8 per share, with the record date set for May 7. The last day to buy shares and qualify is Tuesday, May 6.

• Varun Beverages has declared an interim dividend of Rs 0.50 per share, with a record date of May 7. Investors need to purchase shares by May 6 to be eligible. The interim dividend will be paid on and from Friday, May 9. 

Final Dividend

• Anand Rathi Wealth has announced a final dividend of Rs 7 per share, with a record date of May 9. The last day to buy shares and be eligible is Thursday, May 8. The final dividend, once approved by the members in the ensuing annual general meeting, will be paid within 30 days from the date of approval. 

• Transformer and Rectifiers (India) Ltd. will pay a final dividend of Rs 0.20 per share, also with a record date of May 9. Investors must purchase shares by May 8 to qualify.

• UCO Bank will issue a final dividend of Rs 0.39 per share, with May 9 as the record date.

• Bajaj Finance has declared a special dividend of Rs 12 per share, with May 9 as the record date for eligibility. The last day to buy shares and be eligible is Thursday, May 8. The same will be credited or dispatched on or about May 26. The distribution of this special (interim) dividend is on account of an exceptional gain resulting from the sale of investment in Bajaj Housing Finance Ltd. as part of its IPO listing in September 2024.

Other Companies Declaring Dividends This Week

• Oracle Financial Services Software Ltd. has announced a hefty interim dividend of Rs 265 per share, with the record date fixed for May 8.

• Laurus Labs Ltd. will pay an interim dividend of Rs 0.80 per share, with May 9 as the record date. Investors must purchase shares by May 8 to be eligible.

• Sundaram Fasteners Ltd. has declared an interim dividend of Rs 4.20 per share, with May 7 as the record date.

• Bank of Maharashtra will pay a final dividend of Rs 1.50 per share, with the record date set for May 9.

• Info Edge (India) Ltd. will split its shares from a face value of Rs 10 to Rs 2 each, with a record date of May 7. The last day to purchase shares and be eligible is May 6.

• Rajasthan Tube Manufacturing Co. will split its stock from Rs 10 to Rs 1 per share, effective record date May 8.

• Navkar Urbanstructure Ltd. has announced a stock split from Rs 2 to Rs 1, with a record date of May 9.

• Shantai Industries Ltd. will split its shares from Rs 10 to Rs 2 each, with May 9 as the record date.