highlights
In order to receive the dividend, the shares must be bought before the ex-dividend date.
Investors should keep the shares in their portfolios until the cut-off date.
For many companies, the ex-dividend and record date falls between June 7th and 9th.
stock market: Every investor who invests money in the stock market eagerly awaits the dividend. Every company pays its shareholders a dividend, which is announced from time to time. Recently, during earnings season, many companies had declared dividends to shareholders. The shares of 27 companies are trading without a dividend this week. These include stocks of leading companies such as Asian Paints and Tata Power.
In fact, the ex-dividend date is the date after which investors stop receiving dividends when buying stocks. Because on this day the shares of the company start trading with no dividend benefit. So if you want to receive a dividend from these 27 companies, you can buy these stocks before the X date. Typically, investors must buy shares on the record date or 1-2 days before to be eligible for the dividend.
Dividends from these companies on June 7th
Marksans Pharma: This company has declared a dividend of Rs. 0.50 per share. For this, the company has set June 7, 2023 as the reference date and this stock trades on June 7 as an ex-dividend date.
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At the same time, Optiemus Infracom has announced a dividend of Rs. 1.50 to its shareholders. Its record date will also be June 7 and will trade ex-dividend from that date. Tata Power Limited has announced a dividend of Rs. 2 per share to its shareholders and has set June 7th as the ex-dividend date.
Ex-dividend date of these companies on June 8th
Bikaji Foods International Limited has declared a dividend of Rs.0.75 per share for its shareholders. The stock trades on the ex-dividend date, June 8th.
Ponni Sugars Limited declared a dividend of Rs.6.5 per share and the shares will trade ex-dividend on 8th June.
These giant companies will also pay dividends
Asian Paints has announced a final dividend of Rs.21.25 and has set June 9 as the record date. On this date, the company’s shares trade on the ex-dividend date.
HDFC Asset Management has announced a dividend of 48 rupees. The company has set June 9, 2023 as its record date and from this date the shares will be traded ex-dividend.
Indian Hotel Company Limited declared a dividend of Rs. The company’s shares will trade ex-dividend on June 9, 2023.
In addition, 27 companies including Himadri Specialty Chemical, National Phytilizers, Voltas Limited and Solar Industries Limited will pay dividends.
When you buy shares, you receive a dividend
Generally, to receive a dividend from a company, it should be bought before the X date and the stock should be in your portfolio until the cut-off date. Suppose a company’s dividend record date is 8 and the ex date is 7. To be eligible for the corporate action benefit, the shares must be purchased on or before the 6th to be eligible for the dividend.
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Tags: Asian, stock market today, stock markets
FIRST RELEASED : June 5, 2023 6:43 PM IST
