Around 90 companies including Cochin Shipyard, LT Foods and others have fixed September 18 (Friday) 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.
Under Sebi's T+1 settlement cycle, investors need to 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 the record date (September 18), making them eligible for the dividend.
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Who is paying the highest dividend?
Victoria Mills accounts for the highest dividend payout among the stocks having their record date on Friday, with the company set to pay Rs 50 per share to eligible shareholders. Sharda Motor Industries will pay Rs 20 per share, while Gujarat Alkalies And Chemicals will pay Rs 17.70 per share and Gujarat Intrux will pay Rs 17.50 per share. Creative Castings will pay Rs 12.50 per share, while Lakshmi Mills Company will pay Rs 10 per share. Cochin Minerals & Rutile will pay Rs 8 per share, while Fluidomat will pay Rs 7.50 per share. Hinduja Global Solutions will pay Rs 5 per share, while KRBL will pay Rs 4.50 per share.
Pecos Hotels and Pubs, Indraprastha Medical Corporation, Jay Ushin and Caplin Point Laboratories will each pay Rs 4 per share. Sree Rayalaseema Hi-Strength Hypo, Relaxo Footwears, NG Industries and Ceinsys Tech will each pay Rs 3.50 per share, while Riddhi Siddhi Gluco Biols and Apollo Sindoori Hotels will each pay Rs 3 per share. Rites will pay Rs 2.75 per share, while Triton Valves, Shervani Industrial Syndicate and Denis Chem Lab will each pay Rs 2.50 per share.
Shree Pushkar Chemicals & Fertilisers will pay Rs 2.10 per share, while Network People Services Technologies, Krsnaa Diagnostics, Lux Industries and Entertainment Network (India) will each pay Rs 2 per share. VLS Finance, EMS, Cochin Shipyard and Anupam Rasayan India will each pay Rs 1.50 per share, while Rashtriya Chemicals and Fertilizers will pay Rs 1.34 per share and Ddev Plastiks Industries will pay Rs 1.25 per share.
Rapid Fleet Management Services and AVG Logistics will each pay Rs 1.20 per share. Winsol Engineers, TGV SRACC, Piccadily Agro Industries, Ramky Infrastructure, PDP Shipping & Projects, Medicamen Biotech, Narendra Properties, LT Foods, Kiran Vyapar, Incap, Eco Recycling, B&B Triplewall Containers and Marathon Nextgen Realty will each pay Re 1 per share.
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Sakthi Finance will pay Rs 0.80 per share, while Gaja Alternative Asset Management and Apeejay Surrendra Park Hotels will each pay Rs 0.75 per share. Everest Kanto Cylinder will pay Rs 0.70 per share, while Olectra Greentech and MK Exim (India) will each pay Rs 0.60 per share. Reliance Chemotex Industries, Prataap Snacks, Praveg, Genus Power Infrastructures, Kitex Garments and Arihant Capital Markets will each pay Rs 0.50 per share.
Other companies declaring dividends include Kamdhenu and Bharat Bhushan Finance & Commodity Brokers (each at Rs 0.40 per share), BCL Industries (Rs 0.35 per share), Prolife Industries, JNK India and Foods & Inns (each at Rs 0.30 per share, with Prolife's being an interim dividend), Yogi, Transformers & Rectifiers (India), PG Electroplast, Manba Finance and Ascom Leasing & Investments (each at Rs 0.25 per share), Morepen Laboratories, Donear Industries and DCW (each at Rs 0.20 per share), Balu Forge Industries (Rs 0.15 per share), Swiss Military Consumer Goods, Focus Business Solution and Bombay Metrics Supply Chain (each at Rs 0.10 per share), Shahlon Silk Industries (Rs 0.07 per share), Reliable Data Services and A-1 (each at Rs 0.05 per share), and Softrak Venture Investment and Navkar Urbanstructure (each at Rs 0.005 per share).
Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.
