D-street has gone quiet on the corporate action front, with only one company trading ex-dividend date this week. DIC India Ltd. has set March 16, 2026 as the record date to determine the eligible shareholders for the payout.
The company is set to disburse a final dividend of Rs 3 per fully paid up equity share. In the past the company has given out at least five dividends.
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.
For instance, if the record date of a dividend stock is March 16, 2026, then investors must purchase shares by March 15, 2026, to be eligible. The ex-dividend date, which comes before the record date, reflects when the share price adjusts to account for the upcoming payout.
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.
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