This week sees multiple companies distributing interim dividends to shareholders, including Hindustan Aeronautics Ltd., Indian Railway Catering and Tourism Corp. and NBCC (India) Ltd., as their boards allocate payouts following recent financial results.
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.
HAL
Hindustan Aeronautics has announced its first interim dividend of Rs 25 per equity share. The record date for eligibility is Feb. 18, and the dividend shall be paid on or before March 14.
Previously, the defence company declared a final dividend of Rs 13 per share with an ex-date of Aug. 21, 2024.
IRCTC
Indian Railway Catering and Tourism Corp. has announced a second interim dividend of Rs 3 per equity share. The record date for eligibility is Feb. 20.
Previously, the transit service company declared an interim dividend of Rs 4 per share with an ex-date of Nov. 14, 2024, and a final dividend of Rs 4 per share with an ex-date of Aug. 23, 2024.
NBCC
The civil construction company has declared an interim dividend of Rs 0.53 per equity share for the financial year. The record date for eligibility is Feb. 18.
Earlier, the company also announced a final dividend of Rs 0.63 per share with an ex-date of Sept. 6, 2024, and a 1:2 bonus issue with an ex-date of Oct. 7, 2024.
KPI Green Energy
KPI Green has declared a third interim dividend of Rs 0.20 per equity share and the record date for eligibility is Feb. 18, and the dividend shall be paid within 30 days of declaration.
Previously, the renewable energy company allotted a 1:2 bonus issue with an ex-date of Jan. 3. The first interim dividend of Rs 0.20 per share was declared on Aug. 21, 2024, followed by the second interim dividend of Rs 0.20 per share on Nov. 14, 2024. The company also paid a final dividend of Rs 0.20 per share on Oct. 4, 2024.
Procter & Gamble Health
The pharma company has declared an interim dividend of Rs 110 per equity share for the financial year 2024-25. The ex-dividend and record date for eligibility is set for Feb. 20. The dividend shall be paid on or before March 7.
Earlier this fiscal, the company also announced a final dividend of Rs 95 per share, with an ex-date of Nov. 19, 2024.
Gillette India
Gillette has announced an interim dividend of Rs 65 per equity share for the financial year 2024-25. The record date for eligibility is Feb. 19, and the dividend will be paid on or before March 7.
Earlier, the razor maker declared a final dividend of Rs 45 per share with an ex-date of Nov. 26, 2024.
Oil India
Oil India has declared a second interim dividend of Rs 7 per equity share. The record date for eligibility is Feb. 17, with payment on or before March 8.
Earlier this fiscal, the company allotted a first interim dividend of Rs 3 per share with an ex-date of Nov. 14, 2024, and a final dividend of Rs 2.50 per share with an ex-date of Aug. 30, 2024. It also announced a 1:2 bonus issue with an ex-date of July 2, 2024.
Ircon International
The construction company has declared an interim dividend of Rs 1.65 per equity share. The record date for eligibility is Feb.17 and the dividend will be paid from Feb. 28 onwards.
Earlier this fiscal, the company announced a final dividend of Rs 1.30 per share with an ex-date of Sept. 5, 2024.
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