Shares of Hindustan Aeronautics Ltd., Bharat Forge Ltd.. and NBCC India Ltd. will be in the spotlight on Monday, as the day marks the last session for investors to buy shares to qualify for receiving interim dividends before the stocks go ex-date. The record date will determine the eligible shareholders, who will receive the dividend payment.
Last week, HAL announced an interim dividend of Rs 25 per equity share for the third quarter of fiscal 2025. The company announced distribution of Rs 1,671 crore to shareholders. The board has fixed Feb. 18 as the record date for the purpose of dividend payment.
Bharat Forge will reward shareholders with an interim dividend of Rs 2.5 per equity share. The record date for the dividend is set for Feb. 18, with the payment scheduled to be made on or before Mar. 12.
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An interim dividend of Rs 0.53 per share will be paid by NBCC India to shareholders. Gillette India Ltd. will issue an interim dividend of Rs 65.
Given India's T+1 settlement cycle, shares purchased on the record date (Feb. 18 in this case) itself will not be eligible for the dividend payment. Therefore, investors who own shares by Feb. 17 will be the beneficiaries.
Other notable companies that will trade ex-dividend on Tuesday are Carborundum Universal Ltd. (Rs 1.5), Greenpanel Industries Ltd. (Rs 0.3), Honda India Power Products Ltd. (Rs 10), IOL Chemicals and Pharma Ltd. (Rs 4), KP Emergy Ltd. (Rs 0.2), KPI Green Energy Ltd. (Rs 0.2), Natco Pharma Ltd. (Rs 1.5), NCL Industries Ltd. (Rs 1), and Precision Wires India Ltd. (Rs 0.3).
Dividends are a way for companies to reward their shareholders.
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