The upcoming week sees multiple companies declaring interim dividends for shareholders, including Cochin Shipyard Ltd., Hero MotoCorp Ltd., and ITC Ltd., as their boards announce financial results and allocate payouts.
Investors should note that the record date determines shareholder eligibility for 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 precedes the record date, marks when the share price adjusts to reflect the upcoming payout.
Cochin Shipyard
The shipbuilding company has announced a second interim dividend of Rs 3.50 per equity share for the financial year 2024-25. The record date for eligibility is Feb. 12, with payment scheduled on or before March 7.
Hero MotoCorp
The two-wheeler manufacturer has declared an interim dividend of Rs 100 per equity share. The record date for entitlement is Feb. 12, and the dividend will be paid by March 8.
ITC
ITC has announced an interim dividend of Rs 6.50 per ordinary share for financial year 2024-25. Shareholders on record as of Feb. 12 will receive the dividend between March 6 and March 8.
Torrent Power
The company has declared an interim dividend of Rs 14 per equity share. The record date is Feb. 12, and the payout will be processed by March 6.
Bharat Dynamics
The defence company's board has approved an interim dividend of Rs 4 per share. The record date for eligibility is Feb. 14.
BEML
BEML has declared an interim dividend of Rs 5 per equity share for financial year 2024-25. Shareholders on record as of Feb. 14 will receive the payout.
Escorts Kubota
The company's board will consider declaring an interim dividend at its meeting on Feb. 10. If approved, the record date for determining eligible shareholders is Feb. 14.
MRF
The tyre manufacturer has announced a second interim dividend of Rs 3 per equity share. The record date is Feb. 14, and payments will be made on or after Feb. 25.
Premier Energies
The board has approved an interim dividend of 50 paise per share. The record date for eligibility is Feb. 14, with payment due within 30 days of declaration.
REC
The company has announced a third interim dividend of Rs 4.30 per equity share. Shareholders on record as of Feb. 14 will receive the dividend by March 6.
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