16 Dividend Stocks: Hero MotoCorp, Radico Khaitan, UTI AMC, Hatsun Agro — Last Day To Buy Shares To Qualify
The record date of these dividend stocks is July 24 hence, shares must be purchased by July 23.
Shares of Hero MotoCorp, Radico Khaitan Ltd., UTI Asset Management Co., Hatsun Agro Products Ltd. and 13 other companies will be of interest on Wednesday as it marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.
For a dividend, 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 24, then shares must be purchased by July 23.
The ex-dividend date, which typically coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.
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On July 24, several companies have their ex/record date for various dividends.
Hero MotoCorp's board announced a final dividend of Rs 65 per share for fiscal 2025.The total value of the dividend to be disbursed amounts to around Rs 1,300 crore.
UTI AMC will give two dividends: a final dividend of Rs 26 and a special dividend of Rs 48 to shareholders. The share price settled at Rs 1,475.3 apiece on the BSE on Tuesday.
Fiem Industries has declared a dividend of Rs 30, while Radico Khaitan will issue a payment of Rs 4 per share.
Investors 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. Such payouts can be annual through a final dividend or a special and interim dividend.
