Shares of Kennametal India Ltd. were in the limelight on Tuesday as this trading session marks the last one for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.
Kennametal India had declared an interim dividend of Rs 40 per equity share with a face value of Rs 10, and the record date for eligibility is set for Friday, May 28.
Under the T+1 settlement mechanism, investors must ensure their purchase is completed a day before the record date. This means shares bought on Tuesday will be settled in time for shareholders' names to appear on the company's records on Wednesday, securing their entitlement to the dividend.
Kennametal India had announced the dividend on May 15. The company had previously not declared any dividends for fiscal 2025. The last time the company offered a dividend payout was in May 2023, at Rs 20 per share.
Kennametal Q4 FY25 Results Highlights (YoY)
Revenue up 7.7% at Rs 290 crore versus Rs 269 crore.
Ebitda down 11% at Rs 40 crore versus Rs 45 crore.
Margin at 13.8% versus 16.7%.
Net profit down 36% at Rs 24.4 crore versus Rs 38.3 crore.
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