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Business News/ Markets / Dividends This Week: 8 companies set record dates; check details
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Dividends This Week: 8 companies set record dates; check details

Dhampur Sugar Mills Ltd, Muthoot Finance Ltd, Thyrocare Technologies Ltd, Huhtamaki India Ltd, Mold-Tek Technologies Ltd, Mold-Tek Packaging Ltd, Eid Parry India Ltd, and Nestle India Ltd have set record dates this week for dividends.

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)

Eight companies have set their record dates this week to determine eligibility of shareholders for dividend payments.

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.

On the other side, 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.

Companies offer dividends as incentives for equity investors seeking both revenue and an increase in share value.

Also Read: Explained: What does ex-dividend date mean and when is one entitled to stock dividend?

Tuesday, April 18

Two companies, Dhampur Sugar Mills Ltd, and Muthoot Finance Ltd, have set Tuesday, April 18, as the record date for the purpose of determining the shareholders eligible for dividend. Shares of Dhampur Sugar Mills and Muthoot Finance will trade ex-dividend on Tuesday, April 18.

Dhampur Sugar Mills Ltd, an integrated sugarcane processing company engaged in the manufacturing and selling of sugar, power and chemicals, has declared interim dividend at 60 % i.e. Rs 6 per equity share of Rs 10 each (aggregate of interim dividend of 50% i.e. Rs 5 per equity share of Rs 10 each and special dividend of 10% i.e. Re 1 per equity share of Rs 10 each of the company on successful commissioning of new distillery project).

As per trendlyne data, the company has declared 16 dividends since February 27, 2006.

Muthoot Finance Ltd is a non-deposit taking, non-banking financial company, which is engaged primarily in the business of financing. The company has declared an interim dividend of Rs 22 per equity share (220%).

According to trendlyne, the company has declared 16 dividends since August 16, 2012.

Thursday, April 20

Thyrocare Technologies Ltd, which operates with a centralised processing laboratory (CPL) in Mumbai, for esoteric tests, and regional processing laboratory in metro cities of India and other parts of Asia, has set Thursday, April 20, as the record date for the purpose of determining the shareholders eligible for dividend.

The company has declared an interim dividend at the rate of Rs 18 (180% of the face value of Rs 10 each).

According to trendlyne, the company has declared 11 dividends since September 1, 2016.

Shares of the company will trade ex-dividend on the same day as the record date.

Friday, April 21

Huhtamaki India Ltd, Mold-Tek Technologies Ltd, Mold-Tek Packaging Ltd, Eid Parry India Ltd, and Nestle India Ltd have set Friday, April 21, as the record date for the purpose of determining the shareholders eligible for dividend.

Huhtamaki India Ltd, which offers pack designs and formats through a portfolio of packaging solutions, has recommended payment of dividend at Rs 2 per equity share of face value of Rs 2 each (100%), for the financial year ended 31st December 2022.

According to trendlyne, the company has declared 23 dividends since May 31, 2001.

Shares of the company will trade ex-dividend on Thursday, April 20.

Mold-Tek Technologies Ltd, which provides information technology, civil, structural and mechanical engineering services to its clients, has an interim equity dividend for the FY 2022-23 at 100% i.e. Rs 2 per equity share on face value of Rs 2 per equity share.

According to an exchange filing, the interim dividend will be paid to such shareholders on or before May 11.

As per trendlyne data, the company has declared 27 dividends since September 19, 2006.

Shares of the company will trade ex-dividend on the same day as the record date.

Mold-Tek Packaging Ltd, which is engaged in the manufacturing of plastic packaging containers, declared an interim equity dividend for the financial year 2022-23 at 80% i.e. Rs 4 per equity share on face value of Rs 5 per equity share.

According to the exchange filing, the interim dividend will be paid to such shareholders on or before May 11.

As per trendlyne data, the company has declared 26 dividends since September 17, 2009.

Shares of the company will trade ex-dividend on the same day as the record date.

Eid Parry India Ltd, which is primarily engaged in the manufacturing of sugar and nutraceuticals, has declared second interim dividend for the financial year 2022-23 at Rs 4 per share, representing 400%, on the face value of Re 1 each fully paid share.

As per the company's exchange filing, the interim dividend will be paid on or after May 3, but within 30 days from date of declaration of interim dividend.

According to trendlyne data, the company has declared 28 dividends since August 14, 2001.

Shares of the company will trade ex-dividend on the same day as the record date.

Nestle India Ltd is primarily involved in the food business. The company’s product groups include Milk Products and Nutrition, Prepared Dishes and Cooking Aids, Powdered and Liquid Beverages, and Confectionery.

The company declared an interim dividend of Rs 27 per equity share of Rs 10 each for the year 2023. The dividend will be paid on and from May 8 along-with the final dividend for the year 2022.

As per trendlyne data, the company has declared 67 dividends since May 31, 2001.

Shares of the company will trade ex-dividend on the same day as the record date.

 

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Published: 17 Apr 2023, 11:36 AM IST
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