Shares of Vedanta Limited and Tata Consultancy Services are trading on interest today as the last session for retail investors to purchase shares and qualify for receiving dividend payments before the stock goes ex/record-date. According to reports from Essential Business Intelligence and ET Now, the record date determines eligible shareholders who will receive dividend payments, while the ex-dividend date marks when share prices adjust to reflect the upcoming payout. The record date serves as a company's mechanism to identify shareholders eligible to receive the declared dividend, with investors typically tracking ex-dividend and record dates closely while planning trades around corporate actions.
Vedanta Limited has approved its first interim dividend of ₹5 per equity share for the financial year 2026-27, with a face value of ₹1 per share, totaling approximately ₹1,955 crore. As reported by Essential Business Intelligence, TCS has declared a second interim dividend of ₹12 per equity share for FY27, alongside its September quarter results, with the declared dividend to be paid on Friday, October 30, 2026. The IT major has fixed October 14, 2026 as the record date to determine shareholders eligible for the payout, which will be made on October 30. This marks TCS's second interim dividend for the financial year, taking the total interim dividend declared for FY27 so far to ₹24 per share. The combined dividend payout from the two companies stands at ₹17 per share, with TCS offering the higher dividend amount.
Given India's T+1 settlement cycle, shares purchased on the record date (October 14) will not be eligible for dividend payment. According to Essential Business Intelligence and ET Now, investors who own shares by October 13 will be the beneficiaries of the dividend distribution. The record date serves as a company's mechanism to identify shareholders eligible to receive the declared dividend, with investors typically tracking ex-dividend and record dates closely while planning trades around corporate actions. For investors looking to avail themselves of the dividend benefits, October 13 is the last day to buy these stocks under the T+1 settlement cycle.
Vedanta shares closed 0.47% higher at ₹264.75 per share following the dividend announcement, while TCS stock closed 1.67% lower at ₹2126.90 per share. The market response reflects investor sentiment around the upcoming corporate actions and their potential impact on shareholder returns. The dividend announcement was made after a meeting of TCS' board of directors on Thursday, October 8, with the dividend applying to equity shares with a face value of Re 1 each. As per ET Now, if an investor owns 100 shares of TCS before the relevant eligibility deadline, the investor will be eligible to receive ₹1,200 as an interim dividend, subject to the applicable record-date requirements.
