Under the Securities and Exchange Board of India's (Sebi) T+1 settlement cycle, investors must purchase shares at least one trading day before the record date to be eligible for corporate actions. Today marks the last opportunity for investors to buy shares to be credited by the record date of August 20, making them eligible for dividends.
Mazagon Dock Shipbuilders announced a final dividend of Rs 4.62 per share for the financial year 2026, with August 20 set as the record date. The company has declared 14 dividends since February 2021 and has a dividend yield of 0.62%. Despite a 6% decline in share price over the past year, Mazagon Dock has delivered returns of over 176% in three years and 2,095% in five years.
Natco Pharma declared an interim dividend of Rs 1.5 per share for the financial year 2027, with the record date set for Thursday. This dividend will be paid from August 26. The company has declared 42 dividends since September 2002, with a dividend yield of 0.56%.
Other companies turning ex-record date on Thursday include Kama Holdings, La Opala RG, and NIIT Learning Systems, among others. Kama Holdings will pay an interim dividend of Rs 22.25 per share, while La Opala RG and NIIT Learning Systems will pay Rs 5 and Rs 3.25 per share, respectively.
Organic Recycling Systems has set August 20 as the record date for its 1:2 bonus issue. This issuance of bonus shares is a sign of strong financial health and growth prospects, increasing liquidity and affordability for investors.
Background
The T+1 settlement cycle introduced by Sebi aims to expedite the settlement process, enhancing the efficiency of the Indian stock market. This change requires investors to be more vigilant about record dates to ensure eligibility for dividends and other corporate actions.
Investors should closely monitor the record dates and dividend announcements to optimize their investment strategies. As companies continue to declare dividends, these actions reflect their financial health and commitment to shareholder returns.
