Shares of Aarti Pharmalabs Ltd., Apollo Hospitals Enterprise Ltd., IIFL Capital Services Ltd., Kirloskar Ferrous Industries Ltd. will be of interest on Monday, as the day 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.
Aarti Pharmalabs Ltd. board announced an interim dividend of Rs 1.5 per share. The record date for determining the eligibility of investors is Feb. 13.
Apollo Hospitals Enterprise Ltd. has announced an interim dividend of Rs 10 per share. The said interim dividend would be paid to all the equity shareholders of the Company on or before February 27, 2026. IIFL Capital Services Ltd. has announced an interim dividend of Rs 10 per share while Kirloskar Ferrous Industries Ltd. approved an interim dividend of Rs 3 per share.
Escorts Kubota Ltd. will be paying the highest dividend on Monday, at Rs 18 per share, followed by Torrent Power Ltd. at Rs 15 per share.
The other companies to be in focus include Saven Technologies Ltd., Kewal Kiran Clothing Ltd., Kesar Terminals & Infrastructure Ltd., Uniparts India Ltd.
Shareholders Eligible For Dividend
Given India's T+1 settlement cycle, shares purchased on the record date (Feb. 16 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by Feb. 13 will be the beneficiaries.
Dividends are a way for companies to reward shareholders. It is the portion of profits that a company distributes to its shareholders and is essentially a return on the investment shareholders make in the company's equity. Such payments are made through final, interim, and special dividends.
Dividends are taxable in the hands of the shareholders, and companies are no longer required to pay the Dividend Distribution Tax (DDT). The TDS on dividend income for resident individuals is 10% if the dividend amount exceeds Rs 5,000 in a financial year.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
