Last day to buy Bharat Dynamics, other stocks for dividends
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.
Today marks the final day for investors to purchase shares of 55 companies, including Bharat Dynamics and Dixon Tech, in order to be eligible for upcoming dividend payouts. According to Sebi's T+1 settlement norms, shares must be purchased at least one trading day before the record date to ensure they are credited to investors' demat accounts. Consequently, investors have until today to buy shares and qualify for the corporate action.
Among the companies announcing the highest dividends, Maharashtra Scooters is offering Rs 160 per share, followed by Bajaj Holdings & Investments at Rs 65 and Southern Gas at Rs 60. Monte Carlo Fashions and KJMC Financial Services each have a dividend of Rs 20 per share, while Dixon Technologies pays Rs 10 per share.
Bharat Dynamics, a defence major, will pay a final dividend of Rs 0.4 per share, while Container Corporation Of India (CONCOR) will distribute Rs 1 per share. Other high dividend payers include Kingfa Science & Technology (India) at Rs 20 per share, Vedant Fashions at Rs 7.75, Maithan Alloys and ISGEC Heavy Engineering at Rs 6 each, and Jeena Sikho Lifecare at Rs 4.5 per share.
CyberTech Systems & Software is declaring a dividend of Rs 4 per share, with Indo-National at Rs 3.75 and Mercury Laboratories at Rs 3.5 per share. Alicon Castalloy, Chaman Lal Setia Exports, and Pee Cee Cosma Sope all pay Rs 3 per share. A group of companies will turn the ex-record date on Monday, including Rolcon Engineering Company at Rs 2.5 per share, GTPL Hathway at Rs 2, Gujarat Apollo Industries at Rs 2, PNB Gilts at Rs 2, and Southern Petrochemical Industries Corporation at Rs 2 per share.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
