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Business News/ Markets / Dividends This Week: 30 companies have set record dates this week; Check details
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Dividends This Week: 30 companies have set record dates this week; Check details

The dividend will be paid to all shareholders whose names are recorded in the company's shareholder records as of the end of the record date.

Generally, the interim dividends are paid more than once and at any time during the fiscal year, in contrast to final dividends, which are only paid out once. (MINT_PRINT)Premium
Generally, the interim dividends are paid more than once and at any time during the fiscal year, in contrast to final dividends, which are only paid out once. (MINT_PRINT)

Thirty companies have set their record deadlines this week to determine whether members are eligible for interim dividend payments.

The dividend will be paid to all shareholders whose names are recorded in the company's shareholder records as of the end of the record date.

Dividend payments to shareholders on a recurring basis are known as interim dividends. Interim dividends typically aren't as large as dividend payments made after the end of financial year. Generally, when quarterly earnings results are reported, these payments are announced.

Monday, January 30

Three companies, namely, Banaras Beads, IIFL Wealth Management, and Hindustan Zinc have set Monday, January 30 as the record date for the purpose of determining the shareholders eligible for interim dividend. Shares of these companies will trade ex-dividend on January 30.

Banaras Beads Ltd is engaged in the manufacturing of export of handicraft items. According to the company's exchange filing, the board of directors declared interim dividend for FY 2022-23 at 20% on equity share capital i.e Rs 2 per share. The dividend shall be paid on or after Monday, February 6.

According trendlyne data, the company has declared nine dividends since September 14, 2011.

As per equitymaster.com, IIFL Wealth Management Ltd, a Mumbai-based wealth management firm, declared interim dividend at 850% on equity share capital.

Hindustan Zinc Ltd is engaged in the mining and smelting of zinc, lead and silver metal in India. According to an exchange filing, the board approved third interim dividend of Rs 13 per equity share i.e. 650% on face value of Rs 2 per share for the FY 2022-23.

According trendlyne data, Hindustan Zinc has declared 38 dividends since June 28, 2001.

Tuesday, January 31

Four companies, LTIMindtree, Wendt (India), CCL Products (India), and Ramkrishna Forgings have set Tuesday, January 31 as the record date for the purpose for deciding shareholders eligibility for interim dividend. Shares of these companies will trade ex-dividend on January 31.

LTIMindtree Ltd, formerly Larsen & Toubro Infotech Ltd, is an India-based global technology consulting and digital solutions company. According to company's exchange filing, the board of directors have declared an interim dividend of Rs 20 per equity share of Re 1 each.

As per trendlyne data, the company has declared 14 dividends since November 17, 2016.

Wendt (India) Ltd is a manufacturer of super abrasives, high precision grinding, honing, special purpose machines and high precision components. As per company's filing, the board declared an interim dividend of 300% i.e. Rs 30 per equity share (on a face value of Rs 10) for the year ending March 31, 2023.

As per trendlyne data, the company has declared 33 dividends since July 2, 2001.

CCL Products (India) Ltd is the manufacturing of instant coffee. As per the exchange filing, the board declared interim dividend of Rs 3 per equity share of nominal value of Rs 2 each to the members of the for the financial year 2022-23.

As per trendlyne, the company has declared 30 dividends since July 9, 2001.

Ramkrishna Forgings Ltd is engaged in the manufacturing and sale of forged components. According to company's exchange filing, the board declared third interim dividend of Re 0.50 per equity share of Rs 2 each for the FY2022-23.

As per trendlyne data, has declared 20 dividends since September 8, 2005.

Wednesday, February 1

Six companies, Siemens, DCM Shriram, Mastek, Thangamayil Jewellery, Meghmani Finechem, and Automobile Corporation of Goa Ltd have set Wednesday, February 1 as the record date for the purpose of determining the shareholders eligible for interim dividend.

Shares of these companies except for Siemens will trade ex-dividend on February 1. The shares of Siemens will trade ex-dividend on January 31.

Siemens Ltd is focused on industry, infrastructure, digital transformation, transport as well as transmission and generation of electrical power.

According to company's filing, the board recommended final dividend of Rs 10 per equity share of Rs 2 each (500%) for the financial year ended September 30, 2022. The dividend would be paid from Friday, February 17.

As per trendlyne data, the company has declared 29 dividends since November 13, 2000.

A final dividend is one that a company pays out following its annual general meeting, the conclusion of the relevant fiscal year, and the release of its annual financial results.

DCM Shriram Ltd is engaged in the business of fertiliser, sugar, and caustic soda. The company would pay Rs 5.80 per share to eligible shareholders. According to trendlyne data, the company has declared 48 dividends since November 15, 2000.

Mastek Ltd is an India-based enterprise digital transformation specialist. As per company's exchange filing, the board approved an interim dividend at Rs 7 per equity share i.e 140% of the face value of Rs 5 each. According to trendlyne data, the company has declared 37 dividends since August 28, 2000.

Thangamayil Jewellery Ltd is an India-based company that is primarily involved in the manufacturing and sale of jewelry and other accessories and products. The company has declared a dividend of Rs 6 per share. As per trendlyne data, the company so far has declared 18 dividends since March 19, 2010.

Meghmani Finechem Ltd is an India-based manufacturer of essential chemicals. As per the company's exchange filing, the company will pay an interim dividend of Rs 2.50 i.e 25% per equity shares of Rs 10 each, on 41,550,158 equity shares for FY2022-23.

Automobile Corporation of Goa Ltd is an India-based company, which is engaged in the manufacture of pressed parts, components, sub-assemblies for various range of automobiles and manufacture bus bodies and components thereof. According to company's filing, the board declared an interim dividend of Rs 2.50 per equity share (i.e.25%) of face value of Rs 10 each, for the financial year 2022-23, to the members of the company. It will paid within 30 days from the date of declaration.

Thursday, February 2

Five companies, namely, TVS Motor Co, Taneja Aerospace & Aviation, Saregama India, VIP Industries, and Accelya Solutions India have set Thursday, February 2 as the record date for the purpose of determining the shareholders eligible for interim dividend.

Shares of these companies will trade ex-dividend on February 2.

TVS Motor Company Ltd is engaged in the manufacturing of motorcycles, scooters, mopeds, three wheelers, parts and accessories. According to company's exchange filing, the board declared an interim dividend of Rs 5 per share i.e 500% on 475,087,114 equity shares of Re1 each fully paid up.

The interim dividend declared will be paid on or after Thursday, February 9. The company has declared 41 dividends since August 29, 2001, as per trendlyne data.

Taneja Aerospace and Aviation Ltd is an India-based company, which is engaged in the business of manufacturing and selling of various parts and components to the aviation industry. The company's board has declared a of Rs 2 per share, and the company so far has declared 3 dividends since March 2, 2022.

Saregama India Ltd is an India-based music label, film studio and multi-language television content producer. According to company's exchange filing, the board has approved and declared an interim dividend of Rs 3 per equity share i.e. 300% on the face value of Rs 1 each.

The company so far has declared 17 dividends since August 9, 2000, according to trendlyne data.

VIP Industries Ltd is an India-based holding company. The Company is engaged in the business of manufacturing and marketing luggage, bags and accessories. As per an exchange filing, the board declared second interim dividend of Rs 2 each for FY2023 and it will be paid on or after Tuesday, February 14. The company has declared 32 dividends since August 16, 2001.

Accelya Solutions India Ltd is an India-based software solutions provider to the global airline and travel industry. According to company's exchange filing, the board of directors has declared an interim dividend of Rs 35 per share. The company has declared 29 dividends since September 19, 2002.

Friday, February 3

Twelve companies, Zensar Technologies, Torrent Pharmaceuticals, Vaibhav Global, Control Print, KEI Industries, Steelcast, Coforge, IIFL Securities, and Sundaram Clayton have set Friday, February 3 as the record date for the purpose of determining the shareholders eligible for interim dividend. Shares of these companies will trade ex-dividend on February 3.

Zensar Technologies Ltd, is a digital solutions and technology services company. According to company's exchange filing, the board declared interim dividend of Rs 1.50 per equity share of Rs 2 each (i.e. 75%) for the FY 2022-23.

The interim dividend on the equity shares shall be paid/dispatched to the shareholders within 30 days from the date of declaration.

As per trendlyne data, the company has declared 33 dividends since September 12, 2002.

Torrent Pharmaceuticals Ltd, is an India-based pharmaceutical company. As per company's exchange filing, the board declared interim dividend of Rs 14 i.e 280 % per equity share of Rs 5 fully paid up.

The dividend is expected to be paid/ dispatched on or around Tuesday, February 14. The company has declared 36 dividends since May 28, 2001.

Vaibhav Global Ltd, is an India-based vertically integrated electronic retailer of fashion jewelry, home, beauty, lifestyle and essential products. As per company's exchange filing, the board declared third interim dividend of Rs 1.50 per equity share.

The company has declared 24 dividends since September 10, 2001, as per trendlyne data.

Control Print Ltd, is engaged in the coding and marking system along with related components, accessories, consumables and services. As per company's filing, the board has declared an interim dividend of Rs 4 per equity share (40%) on the face value of Rs 10 per share for the financial year 2022-2023.

The dividend will be paid on or after Wednesday, February 8. The company has declared 32 dividends since January 21, 2002.

KEI Industries Ltd, is an India-based wires and cables manufacturers. According to company's filing, the board has declared interim dividend of Rs 3 i.e 150% per equity share of face value of Rs 2 each for the FY2022-23.

The company has declared 22 dividends since August 2, 2001.

Steelcast Ltd, is engaged in the business of steel casting. The board has declared dividend of Rs 1.80 per share. The company has declared 22 dividends since July 22, 2004.

Coforge Ltd, is an information technology (IT) solution company, which is engaged in the in-application development and maintenance, managed services, cloud computing and business process outsourcing.

According to company's exchange filing, the board declared third interim dividend of Rs 19 per equity share of the company. The company has declared 25 dividends since July 15, 2005.

IIFL Securities Ltd, offers research and broking services, financial products distribution, institutional research and investment banking services. As per exchange filing of the company, the board of directors declared an interim dividend of Rs 3 per equity share of the face value of Rs 2 each (i.e. 150%) for the financial year 2022-2023.

The company has declared 4 dividends since February 13, 2020.

Sundaram Clayton Ltd, auto components manufacturing and distribution company. As per company's filing, the board of directors declared an interim dividend of Rs 59 per share (1,180%) on 2,02,32,085 equity shares of Rs 5 each fully paid up.

As per trendlyne data, the company has declared 45 dividends since September 4, 2001.

Saturday, February 4

Three companies, NTPC, Vedanta, Motilal Oswal Financial Services have set Saturday, February 4 as the record date for the purpose of determining the shareholders eligible for interim dividend. Shares of these companies will trade ex-dividend on Friday, February 3.

NTPC Ltd is engaged in the generation and sale of electricity. The company has declared 38 dividends since February 25, 2005.

Vedanta Ltd is an India-based natural resources conglomerate. As per company's exchange, the board of directors of the company has approved the fourth interim dividend of Rs 12.50 per equity share i.e. 1,250% on face value of Re 1 per share for the financial year 2022‐23.

As per trendlyne data, the company has declared 38 dividends since July 23, 2001.

Motilal Oswal Financial Services Ltd is an India-based financial services company. As per company's exchange filing, the board has declared an interim dividend on the equity shares FY2022-23 at the rate of Rs 7 per equity share of the face value of Re 1 each.

As per trendlyne data, the company has declared 26 dividends since May 14, 2008.

What is dividend?
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What is dividend?

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Published: 30 Jan 2023, 05:09 PM IST
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