Under SEBI's T+1 settlement cycle, investors must purchase shares at least one trading day before the record date to ensure eligibility for corporate actions. Today marks the last opportunity to buy shares for dividends credited by Friday.
HDFC Bank announced a final dividend of Rs 13 per share for FY26, bringing the total to Rs 15.50 per share. Tata Motors Passenger Vehicles declared a Rs 3 per share dividend for FY26, to be paid by July 14. Tata Communications will go ex-record date for a Rs 17.5 per share dividend tomorrow, while HDFC Life Insurance Company set Friday as the record date for a Rs 2.1 per share dividend.
Sanofi Consumer Healthcare India will turn ex-record date for a Rs 75 per share dividend, the highest payout among stocks with a Friday record date. Indiamart Intermesh will pay a special and final dividend totaling Rs 60 per share. Polycab India has set a Rs 47 per share dividend, and AWL Agri Business will go ex-record date for a Rs 1 per share dividend.
Other companies turning ex-record date for dividends include Amba Enterprises, Corona Remedies, GHCL Textiles, Hindusthan Insulators & Industries, India Shelter Finance Corporation, Raghav Productivity Enhancers, Solitaire Machine Tools, and Torrent Power.
Deepak Builders & Engineers India has set Friday as the record date for a 1:10 stock split, while String Metaverse will go ex-record date for a bonus issue in a 2:9 ratio tomorrow.
Background
The T+1 settlement cycle introduced by SEBI aims to expedite the process of transferring shares and cash, enhancing market efficiency. This change requires investors to be more vigilant about record dates to ensure they receive dividends and other corporate benefits.
Investors should monitor these developments closely as they may impact stock performance and investor returns. As companies continue to announce dividends and other corporate actions, staying informed will be crucial for making timely investment decisions.
