Shares of Hindustan Unilever ( HUL) and RailTel Corporation among 10 companies are likely to be in focus today as these companies announced November 6 as the record date for their declared dividends.
This means today is the last day to buy the shares of these companies to be eligible for the dividends declared by them as the shareholders who appear in the company’s books as of the record date receive the dividends.
Those buying the stock on the ex-date are not eligible for dividends and after the implementation of the T+1 framework, the record date and ex-date are the same in most cases unless there is a market holiday after the ex-date.
HUL
The board of HUL had declared an interim dividend of Rs 19 per share along with a special dividend of Rs 10 per share for its shareholders, while fixing November 6 as the record date for the purpose.
“We would like to inform you that the Board of Directors in its meeting held today: declared a total interim dividend of Rs. 29 per equity share of face value of Re. 1/- each (which includes a regular interim dividend of Rs. 19 and special dividend of Rs. 10 per equity share) for the financial year ending 31st March, 2025. As intimated vide our letter dated 10th October, 2024, the record date for the purpose of determining the entitlement of the shareholders for the interim dividend has been fixed as Wednesday, 6th November, 2024,” said HUL in a previous filing to the exchange.
The company also informed that the said dividend will be paid to the shareholders on November 21.
In the past 12 months, HUL has declared equity dividends amounting to Rs 24 per share and at the current price of Rs 2,510.35, the company’s dividend yield is 0.96%.
RailTel
The board of RailTel had declared an interim dividend of Re 1 per share for its shareholders, while fixing November 6 as the record date for the purpose.
“Pursuant to Regulation 30 and 42 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the Board of Directors have declared an interim dividend at the rate of 10% of paid-up share capital (Rs.1/- per share). Further, the Board of Directors has also approved Wednesday, 06 th November 2024 as "Record Date" for the purpose of payment of interim dividend of FY 2024-25,” the company had informed via a filing to the exchanges.
In the past 12 months, RailTel has declared equity dividends amounting to Rs 1.85 per share and at a share price of Rs 408.45, the company’s dividend yield is 0.45%.
Below is the list of other companies that will trade ex-dividend from Wednesday:
ADF Foods announced an interim dividend of Rs 0.6 per share.
Ajanta Pharma announced an interim dividend of Rs 28 per share.
Alldigi Tech announced an interim dividend of Rs 30 per share.
Cyient announced an interim dividend of Rs 12 per share.
Laurus Labs announced an interim dividend of Rs 0.4 per share.
LT Foods announced an interim dividend of Rs 0.5 per share.
Nippon Life India Asset Management announced an interim dividend of Rs 8 per share.
Siyaram Silk Mills announced an interim dividend of Rs 4 per share.
( Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
This means today is the last day to buy the shares of these companies to be eligible for the dividends declared by them as the shareholders who appear in the company’s books as of the record date receive the dividends.
Those buying the stock on the ex-date are not eligible for dividends and after the implementation of the T+1 framework, the record date and ex-date are the same in most cases unless there is a market holiday after the ex-date.
HUL
The board of HUL had declared an interim dividend of Rs 19 per share along with a special dividend of Rs 10 per share for its shareholders, while fixing November 6 as the record date for the purpose.
“We would like to inform you that the Board of Directors in its meeting held today: declared a total interim dividend of Rs. 29 per equity share of face value of Re. 1/- each (which includes a regular interim dividend of Rs. 19 and special dividend of Rs. 10 per equity share) for the financial year ending 31st March, 2025. As intimated vide our letter dated 10th October, 2024, the record date for the purpose of determining the entitlement of the shareholders for the interim dividend has been fixed as Wednesday, 6th November, 2024,” said HUL in a previous filing to the exchange.
The company also informed that the said dividend will be paid to the shareholders on November 21.
In the past 12 months, HUL has declared equity dividends amounting to Rs 24 per share and at the current price of Rs 2,510.35, the company’s dividend yield is 0.96%.
RailTel
The board of RailTel had declared an interim dividend of Re 1 per share for its shareholders, while fixing November 6 as the record date for the purpose.
“Pursuant to Regulation 30 and 42 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the Board of Directors have declared an interim dividend at the rate of 10% of paid-up share capital (Rs.1/- per share). Further, the Board of Directors has also approved Wednesday, 06 th November 2024 as "Record Date" for the purpose of payment of interim dividend of FY 2024-25,” the company had informed via a filing to the exchanges.
In the past 12 months, RailTel has declared equity dividends amounting to Rs 1.85 per share and at a share price of Rs 408.45, the company’s dividend yield is 0.45%.
Below is the list of other companies that will trade ex-dividend from Wednesday:
ADF Foods announced an interim dividend of Rs 0.6 per share.
Ajanta Pharma announced an interim dividend of Rs 28 per share.
Alldigi Tech announced an interim dividend of Rs 30 per share.
Cyient announced an interim dividend of Rs 12 per share.
Laurus Labs announced an interim dividend of Rs 0.4 per share.
LT Foods announced an interim dividend of Rs 0.5 per share.
Nippon Life India Asset Management announced an interim dividend of Rs 8 per share.
Siyaram Silk Mills announced an interim dividend of Rs 4 per share.
( Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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