Shares of United Spirits Ltd. will be of interest on Wednesday, as it marks the last session for investors to buy shares to qualify for receiving the interim dividend before the stock goes ex/record-date.
The record date determines the eligible shareholders who will receive the dividend payment. The ex-dividend date, which mostly coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.
Last week, United Spirit‘s board announced an interim dividend of Rs 4 per share for financial year 2025. The record date to determine the shareholders eligible for the dividend payout has been fixed as April 3. The dividend amount will be credited to shareholders on April 21.
Given India’s T+1 settlement cycle, shares purchased on the record date (April 3 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by April 2 will be the beneficiaries.
United Spirits will pay out Rs 291 crore. The promoter entities own over 56% stake, majorly held by British alcoholic beverage giant Diageo Plc.
Over 2.47 lakh retail investors holding nominal share capital of up to Rs 2 lakh have 5.48% equity. They will be eligible for a cumulative dividend payout of Rs 15.9 crore.
The dividend yield of United Spirits — a financial ratio that shows how much a company pays out in dividends each year relative to its stock price — is 0.64%.
Dividends are a way for companies to reward their shareholders.
. Read more on Markets by NDTV Profit.United Spirit’s board announced an interim dividend of Rs 4 per share for the financial year 2025. Read MoreMarkets, Buzzing Stocks, Business, Notifications
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