As many as 11 stocks including Asian Paints, Hindustan Unilever (HUL), Tata Power Company and others are set to turn ex-record date for dividends on Tuesday (June 23), effectively marking today the last day for interested investors to buy the shares to be eligible for payments cumulatively worth nearly Rs 76.
Under SEBI's T+1 settlement cycle, investors must purchase 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 Friday, making them eligible for the dividends.
Asian Paints late in May announced that its board has recommended recommended a final dividend of Rs 23 per equity share for the financial year ended March 31, 2026. The company fixed June 23 as the record date to determine shareholders eligible to receive the final dividend, which would be paid on or after July 13, subject to shareholders’ approval at the company AGM scheduled for July 9.
Including the interim dividend of Rs 4.50 per share declared in November 2025, the total dividend payout for FY26 stands at Rs 27.50 per equity share. Asian Paints shares have a dividend yield of 0.16%, according to data on Trendlyne.
Hindustan Unilever (HUL) had announced a final dividend of Rs 22 per share, subject to shareholder approval at the AGM. This is in addition to the interim dividend of Rs 19 per share declared in October 2025, taking the total dividend payout for FY26 to Rs 9,633 crore.
HUL shares have a dividend yield of 1.96%, according to data on Trendlyne. It has declared 55 dividends since March, 2001.
Tata Power also has fixed June 23 as the record date for its final dividend of Rs 2.5 per share. The stock has a dividend yield of 0.56%. The company has declared 27 dividends since July, 2001.
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The Indian Hotels Company (IHCL) in May said that its board of directors recommended a dividend of Rs 3.25 per equity share (325%) with a face value of Re 1 each, subject to shareholders’ approval at its upcoming Annual General Meeting (AGM). If approved, the dividend will be paid within five days from the date of the AGM, the company said
Other stocks turning ex-record date for dividends tomorrow
Other companies which have fixed Tuesday as the record date for their respective dividends include Anand Rathi Share & Stock Brokers (Rs 5 per share), Dalmia Bharat (Rs 5 per share), DAR Credit & Capital (Rs 0.5 per share), Fredun Pharmaceuticals (Rs 0.7 per share), GNA Axles (Rs 3 per share), Master Components (Rs 0.75 per share) and Thyrocare Technologies (Rs 7 per share).
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