Investors must hold shares of these companies in their demat accounts on the record date to be eligible for the respective corporate actions. Nearly 100 stocks, including major names like Tata Consultancy Services (TCS), Dabur, and MRF, are set to turn ex-date this week for dividends, stock splits, and rights issues.
On Monday, five stocks will turn ex-record date for dividends, with Mahindra & Mahindra Financial Services offering a final dividend of Rs 7.5 per share. Ingersoll-Rand (India) leads with the highest payout of Rs 20 per share. Other companies include Bhansali Engineering Polymers, Super Sales India, and Xpro India.
Tuesday sees 13 companies fixing their record dates for dividends. UTI Asset Management Company stands out with a dividend of Rs 40 per share. Other notable companies include Aditya Birla Real Estate, Motherson Sumi Wiring India, and Samvardhana Motherson.
Wednesday features Tata Consultancy Services (TCS), which declared an interim dividend of Rs 12 per share. Other stocks turning ex-record date include Automobile Corporation of Goa, Bharat Bijlee, and Heritage Foods.
Thursday will have nine companies fixing their record dates, with Benares Hotels offering the highest dividend of Rs 25 per share. Ador Welding and Aspinwall and Company are also on the list.
Friday is the busiest day, with over 50 companies turning ex-record date. Indian Toners & Developers will undergo a stock split, and Minolta Finance will have a rights issue. Among dividend payers, 3M India leads with a total payout of Rs 506 per share.
Background
As companies announce their corporate actions, investors should stay informed about the record dates to ensure eligibility for dividends and other benefits. This week’s corporate actions reflect a dynamic market environment, with numerous opportunities for shareholders.
This week’s corporate actions highlight the importance of staying informed about record dates. Investors should monitor announcements closely to capitalize on dividends and other benefits.
