- Ingersoll Rand India leads with Rs 55 interim dividend; record date Nov 25
- Power Finance and Nile Ltd declare dividends; record dates Nov 26 and Nov 28
- AK Capital Services offers Rs 16 interim dividend; Shyamkamal pays Re 0.1
Ingersoll Rand (India) Ltd., Power Finance Corp., Nile Ltd. and AK Capital Services Ltd. are some of the companies that are set to issue dividends to their stakeholders this week.
To be eligible for dividends, investors should take note of the record date, which 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 falls before the record date, marks when the share price adjusts to reflect the upcoming payout.
Here is a look at companies that declared final and interim dividend dates:
Among all of the companies giving out interim dividends, Ingersol tops the list of highest dividend value of Rs 55, followed by AK Capital Services at Rs 16 and Nile Ltd. with an interim dividend of Rs 5. Ingersol's record date is Nov. 25, while that of PFC and Nile is Nov. 26 and Nov. 28 respectively.
Power Finance has declared a dividend of Rs 3.65 with record date of Nov. 26. Shyamkamal Investments Ltd's interim dividend will also be out on Nov. 26 with the value of Re 0.1.
Meera industries Ltd. and Aryavan Enterprise Ltd have announced dividends of Re 0.5 each and their record date is Nov. 28.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.