The shares of HDFC Bank Ltd., Allied Blenders and Distilleries Ltd., Bajaj Finserv Ltd. and Cipla Ltd. will be of interest on Thursday, as the day marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.
Overall, shares of 18 stocks will be in focus as June 26 is the last day for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.
Bajaj Holdings and Investments Ltd., CARE Ratings Ltd., Maharashtra Scoorters Ltd., Syngene International Ltd. and Welspun Living Ltd. are other shares that will go ex-dividend on Friday.
The record date to determine the shareholders eligible for the dividend payout has been fixed as June 27. Given India’s T+1 settlement cycle, shares purchased on the record date (June 27 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by June 26 will be the beneficiaries.
The record date determines the eligible shareholders who will receive the dividend payment. The ex-dividend date, which mostly coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.
HDFC Bank’s board announced a dividend of Rs 22 per share for financial year 2025. This is the highest dividend issued by the bank since its listing in 2001. Allied Blenders, Bajaj Finserv and Cipla have announced dividend of Rs 3.6, Rs 1 and Rs 16, respectively.
Cipla’s dividend includes a final dividend of Rs 13 per share and a special dividend of Rs 3 apiece.
Bajaj Holdings and Investments had announced a dividend of Rs 28, while CARE Ratings announced a dividend of Rs 11. Maharashtra Scoorters, Syngene International and Welspun Living announced a dividend of Rs 60, Rs 1.25 and Rs 1.70 apiece.
. Read more on Markets by NDTV Profit.Allied Blenders, Bajaj Finserv and Cipla have announced dividends of Rs 3.6, Rs 1 and Rs 16, respectively. Read MoreMarkets, Business, Trending
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