Dividend Payouts
The following major companies are giving out dividends next week:
On Tuesday as of June 18, 2024, Tata Investments has an ex-dividend date for dividend distribution where it will give a special dividend of ₹28. As per the company filings May 23, 2024, was its announcement date, and June 19, 2024. The dividend was announced at 280% over the face value of ₹10 per share.
(The ex-dividend date determines which shareholders will receive the announced dividend of the company on that specific date. It is the day when the stock of the company goes ex-dividend, meaning the stock from that day does not carry the value associated with its next dividend payment.)
Tuesday, June 18, 2024, is the ex-dividend date for HDFC AMC Ltd. The company will give a dividend of ₹70 on a face value of ₹5 for each share held on the record date of June 18, 2024.
LTI Mindtree Ltd has June 19, 2024, as the ex-dividend date and record date. The company will give a final dividend of ₹28 per share on the face value of ₹1 and the record date is June 19, 2024.
Larsen and Toubro Ltd will be paying a Final dividend of ₹28 per share on the face value of ₹2 for those holding shares on the record date of June 20, 2024. It has the same ex-dividend date and record date of June 20, 2024.
Thursday, June 21, 2024, will be an ex-dividend date for Punjab National Bank Ltd paying a final dividend of ₹1.5 per share on a face value of ₹2. The dividend will be given to those who hold the shares of the company on the record date of June 21, 2024.
HDFC Life Insurance Ltd also has the same ex-dividend date and record date. It will give a final dividend of ₹2 per share on the face value of ₹10 for those who hold the shares of the company on the record date of June 21, 2024.
Kansai Nerolac Ltd has an ex-dividend date of June 21, 2024. It will give a special dividend of ₹1.25 per share and a final dividend of ₹2.50 per share on the face value of ₹1 for those who hold the shares of the company on the record date.
Bajaj Finance Ltd has the same ex-dividend date and record date and will give a final dividend of ₹36 per share on the face value of ₹2. Bajaj Finserv Ltd has an ex-dividend date of June 21, 2024, where it will give a final dividend of ₹1 per share on the face value of ₹1. It will be given to those who hold the shares on the record date of June 21, 2024.
Tata Steel Ltd has the same ex-dividend date and record date. It will give a final dividend of ₹3.60 per share on the face value of ₹1 on June 21, 2024.
Supreme Industries Ltd will be paying a final dividend of ₹22 per share on the face value of ₹2 for those holding shares on the record date of June 21, 2024. It has the same ex-dividend date and record date of June 21, 2024.
Investors have significant opportunities for dividend earnings from several companies this week. By noting the ex-dividend and record dates, shareholders can ensure they receive the announced dividends. Strategic planning around these dates can maximize investment returns, making it a crucial period for those holding shares in these companies.
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