Dividend Stocks This Week: Nestle India, Hindalco, Titan, Axis Bank, Among Others — Check Record Dates

Several companies, including Cera Sanitaryware Ltd., Mphasis Ltd., Sundaram Finance Ltd., RPG Life Sciences Ltd., J K Cement Ltd., Nilkamal Ltd., Titan Company Ltd., Axis Bank Ltd., and more are set to trade ex-dividend this week, with record dates falling between July 6 to July 10.

Among the major announcements, Cera Sanitaryware Ltd has declared a dividend of Rs 75 per share, while Mphasis will pay a final dividend of Rs 62 per share. Sundaram Finance has announced a final dividend of Rs 24 per share, followed by RPG Life Sciences at Rs 24, JK Cement and Nilkamal at Rs 20 each, and D-Link (India) with a combined final and special dividend payout of Rs 27.50 per share.

Companies across financial services, pharmaceuticals, consumer goods, metals, technology, cement, auto components and real estate are set to reward shareholders through final, regular and special dividends.

Eligibility

To be eligible for these payouts, investors must be mindful of the ex-dividend date, which is the day the share price adjusts to reflect the upcoming dividend.

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.

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.

ALSO READ: Dividend Stocks Or SWPs? The Better Retirement Income Options May Surprise You

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