Around 55 companies including Bharat Dynamics, Dixon Tech and others have fixed September 21 (Monday) as the record date for their respective dividends, effectively making today the last day for interested investors to buy the stocks to be eligible for the dividend payouts.
As per Sebi's T+1 settlement norm, investors need to buy 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 (September 21), making them eligible for the dividend.
Who is paying the highest dividend?
Maharashtra Scooters has announced a dividend of Rs 160 per share for its shareholders, the highest among the lot turning ex-record date on Monday. Bajaj Holdings and Investments will pay Rs 65 per share, while Southern Gas will pay Rs 60 per share.
Monte Carlo Fashions and KJMC Financial Services will each turn ex-record date on Monday for a Rs 20 dividend, while Dixon Technologies will pay Rs 10 per share.
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Bharat Dynamics dividend
Defence major Bharat Dynamics (BEL) will pay a final dividend of Rs 0.4 per share, while Container Corporation Of India (CONCOR) will pay a final dividend of Rs 1 per share.
Among other high dividend payers, Kingfa Science & Technology (India) has announced a dividend of Rs 20 per share, while Vedant Fashions will pay Rs 7.75 per share. Maithan Alloys and ISGEC Heavy Engineering will pay a final dividend of Rs 6 per share each, and Jeena Sikho Lifecare will distribute Rs 4.5 per share.
CyberTech Systems And Software has declared a dividend of Rs 4 per share, followed closely by Indo-National at Rs 3.75 per share and Mercury Laboratories at Rs 3.5 per share. Meanwhile, Alicon Castalloy, Chaman Lal Setia Exports, and Pee Cee Cosma Sope will each pay Rs 3 per share to their shareholders.
A group of companies, including Rolcon Engineering Company (Rs 2.5 per share), GTPL Hathway (Rs 2 per share), Gujarat Apollo Industries (Rs 2 per share), PNB Gilts (Rs 2 per share), and Southern Petrochemical Industries Corporation (Rs 2 per share), will turn ex-record date on Monday.
Two firms will pay a dividend of Rs 1.5 per share, including All E Technologies and Asian Star Company. Cords Cable Industries will pay Rs 1.2 per share. Meanwhile, a cluster of companies will distribute a dividend of Rs 1 per share. These include CG-VAK Software & Exports, Divyashakti, Keynote Financial Services, Sreeleathers, Sugal & Damani Share Brokers, Veto Switchgears And Cables, and Zota Health Care.
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Moving to payouts below Rs 1, Cargotrans Maritime will offer Rs 0.7 per share, Slone Infosystems will pay Rs 0.6 per share, and Jai Corp, Manali Petrochemicals, Shivalik Rasayan, Bright Outdoor Media, Uday Jewellery Industries, and ABC India will each pay Rs 0.5 per share.
Additionally, Riddhi Corporate Services has declared a dividend of Rs 0.49 per share, Krishival Foods will pay Rs 0.35 per share, and GEM Enviro Management will distribute Rs 0.25 per share. Lancor Holdings will offer two separate payouts, including a final dividend of Rs 0.2 per share alongside a special dividend of Rs 0.1 per share. Oricon Enterprises and Rasi Electrodes will also pay Rs 0.2 per share each.
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