Dividend Stocks To Watch This Week — HUL, Vedanta, HDFC Bank, Bajaj Finserv
Cipla and Kansai Nerolac to pay out both final and special dividends this week. Check last date to buy here.
In the coming week, several heavyweights are set to trade ex-dividend.
Kansai Nerolac Paints Ltd. and Cipla Ltd. are doling out double dividends this week, including both final and special payouts. They join a long list of blue-chip and mid-cap names rewarding shareholders, including Hindustan Unilever Ltd., HDFC Bank Ltd., Vedanta Ltd. and Bajaj Finserv Ltd.
To be eligible for dividends, investors should note the record date, which determines who qualifies as a shareholder for the payout. Under India's T+1 settlement cycle, shares bought on the record date will not make the cut. Investors must purchase shares before the ex-dividend date, which is when the share price typically adjusts to reflect the payout.
In this system, the ex-dividend date and the record date now fall on the same day, making it crucial to buy shares at least one trading day in advance.
With June 23 set as the record date for several companies, investors who have not already purchased these shares by the close of trading on June 20 will no longer be eligible for their upcoming dividends.
This includes prominent names like HUL, Kansai Nerolac Paints, Dalmia Bharat, Kalpataru Projects International, and Pilani Investment and Industries Corp. Also on this list are Dynamic Cables, Samvardhana Motherson International, and Motherson Sumi Wiring India.
Check the full list of companies trading ex-dividend here:
