Around 38 companies have fixed Friday as the record date for their respective dividends, making today the last day for interested investors to buy shares to be eligible for the payments. Under Sebi's T+1 settlement cycle, investors need to purchase a company's shares at least one trading day before the record date to ensure the shares are credited to their demat accounts in time, and they become eligible for the corporate action. Accordingly, today is the last opportunity for investors to buy the shares so that they are credited to their accounts by the record date, making them eligible for the dividend. The record date determines shareholder eligibility for dividend payments, making today the final opportunity for investors to participate in these corporate actions.
LIC Housing Finance has declared 27 dividends since June 2001 and maintains a dividend yield of 2.01%, according to data on Trendlyne. The company has established itself as a consistent dividend payer with a long-term track record of regular dividend distributions, demonstrating its commitment to returning value to shareholders through regular cash distributions.
AK Capital Services accounts for the highest dividend payout among the stocks turning ex-dividend today, declaring a final dividend of ₹22 per share. It is followed closely by Alfred Herbert (India), which will pay ₹20 per share, and Vadilal Industries, set to pay an interim dividend of ₹17 per share. GE Vernova T&D India will pay a final dividend of ₹10 per share, while Veljan Denison will pay ₹8.5 per share and KSE will pay ₹7.5 per share. Mayur Uniquoters will pay ₹6 per share, and Savita Oil Technologies will pay a dividend of ₹5 per share. Among the new additions, NR Agarwal Industries offers the highest dividend at ₹2 per share, while Premco Global also pays ₹2 per share. Shivalik Bimetal Controls will pay ₹2 per share, and MAS Financial Services will pay ₹0.75 per share.
Other notable companies turning ex-dividend today include Patels Airtemp (₹3 per share), Deep Industries (₹2.5 per share), DMCC Speciality Chemicals (₹2.5 per share), Omax Autos (₹2.5 per share), Sahyadri Industries (₹2.5 per share), and Surya Roshni (₹2.5 per share). Amarjothi Spinning Mills will pay ₹2.2 per share. Additionally, eClerx Services, Monarch Networth Capital, and Zen Technologies will each pay ₹1 per share. Panchsheel Organics will pay ₹0.8 per share, Sat Kartar Life will pay ₹0.7 per share, while Shradha AI Technologies, Shradha Realty, and United Drilling Tools will each pay ₹0.6 per share. Active Infrastructures, Rajapalayam Mills, Royal Arc Electrodes, and Upsurge Investment & Finance will each pay ₹0.5 per share. Vishnu Chemicals will pay ₹0.3 per share, Nicco Parks & Resorts will pay ₹0.25 per share, Qgo Finance will pay ₹0.15 per share, and Bhatia Communications & Retail (India) will pay an interim dividend of ₹0.01 per share.
In another major corporate action, Alan Scott Enterprises has fixed August 21 as the record date for its rights issue, offering 1 share for every 6 shares held at an issue price of ₹75 per share. Additionally, Goodluck India has fixed Friday as the record date for its 2:1 bonus issue. While bonus issues increase the total number of outstanding shares, they do not change the company's market capitalisation. As reported by The Economic Times, bonus issues can improve liquidity and affordability, allowing more investors to add shares to their portfolio. The ex-dividend date represents a significant market event as it determines which shareholders will receive dividend payments, making today the final opportunity for investors to participate in these corporate actions.
