3M India, M&M among 25 stocks that will trade ex-dividend this week. Do you own any?
Dividends are distributed to shareholders whose names are listed in the company's records on the record date. With the adoption of the T+1 settlement system, the record date and ex-dividend date are usually identical, except when market holidays occur immediately following the ex-date. Investors who buy the stock at least one day before the ex-date qualify for dividends, as settlement happens on the ex-date.
, M&M, Tata Communications, , and several other companies are expected to remain in focus this week as they approach their record dates for dividend payments.Dividends are paid to shareholders whose names appear in the company's database on the record date. Following the implementation of the T+1 settlement framework, the record date and ex-date are typically the same in most cases, barring any market holidays immediately after the ex-date.
Shareholders who purchase the stock at least one day before the ex-date are eligible for dividends, as settlement occurs on the ex-date itself. Those who buy the stock on the ex-date itself are not eligible for dividends.
Here is a list of companies whose shares will be trading this week:
July 1
GHCL
will be paying a dividend of Rs 12 per share to its eligible shareholders. The record date for this dividend is July 1st.GHCL Textiles
The company declared a dividend of Rs 0.50 per share, and the record date for this dividend is July 1st.Tata Communications
Tata Communications has announced a dividend of Rs 16.70 per share, with the record date set for July 1st.Geojit Financial Services
will be paying Rs 1.50 per share as the dividend amount. The company has set July 1st as the record date for this dividend.July 2
Epigral
The company has announced a dividend of Rs 5 per share, with the record date set for July 2nd.
Swastika Investmart
The company will be paying a dividend of Rs 2 per share, with the record date set for July 2nd.
July 3
Dalmia Bharat Sugar and Industries
Dalmia Bharat has declared a dividend of Rs 1.25 per share for eligible shareholders, with the record date set for July 3rd.Jyothy Labs
Jyothi Labs has fixed July 3rd as the ex-date for the payment of Rs 3.50 per share dividend.July 4
Tide Water Oil Company
Tide Water has declared a dividend of Rs 20 per share for its eligible shareholders, with the ex-date set for July 4th.Tata Power
The company has announced a dividend of Rs 2 per share, with the record date set for July 4th.Solar Industries
has declared a dividend of Rs 8.50 per share, with the ex-date set for July 4th.
SKF India
The record date for SKF India’s Rs 130 per share dividend is July 4th.
Balaji Amines
The company has set July 4th as the ex-date for the declared dividend of Rs 11 per share.
July 5
M&M
Mahindra & Mahindra announced a dividend of Rs 21.10 per share and the ex-date for this is July 5th.
3M India
The company has announced a final dividend of Rs 160 per share along with a special dividend of Rs 525 per share. The record date fixed for this purpose is July 5th.Apollo Tyres
Apollo Tyres has declared a dividend of Rs 6 per share, with the record date set for July 5th.
AstraZeneca Pharma India
The company will pay out a dividend of Rs 24 per share to its eligible shareholders, with the record date set for July 5th.
Balkrishna Industries
The company has fixed July 5 as the record date for their Rs 4 per share dividend.
Bharat Forge
The board of Bharat Forge has declared a dividend of Rs 6.5 per share, with the record date set for July 5th.Navin Fluorine
Navin Fluorine will be paying a dividend of Rs 7 per share to its eligible shareholders, with the record date set for July 5th.
Piramal Enterprises
Piramal Enterprises’ board announced a dividend of Rs 10 per share. The record date for this will be July 5th.
Thermax
The company will be paying a dividend of Rs 12 per share and the record date for this is July 5th.
Sundaram Finance Holdings
The company declared a dividend of Rs 2.05 per share and the ex-date for the same is July 5th.
Escorts Kubota
The ex-date for the Rs 28 dividend by Escorts Kubota has been fixed as July 5th.
Welspun Enterprises
Welspun will be paying out a dividend of Rs 3 per share to its eligible shareholders. The ex-date for this purpose is July 5th.(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Source: Stocks-Markets-Economic Times
