Shares of RailTel Corp. and MSTC Ltd. will be of interest on Tuesday, as the day 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, RailTel’s board announced a second interim dividend of Rs 1 per share for financial year 2025. The record date to determine the shareholders eligible for the dividend payout has been fixed as April 2. The dividend amount will be credited to shareholders on or before April 9.
Given India’s T+1 settlement cycle, shares purchased on the record date (April 2 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by April 1 will be the beneficiaries.
RailTel will incur an expense of nearly Rs 32 crore via the dividend payout. The government owns over 72% stake.
Over five lakh retail investors holding nominal share capital of up to Rs 2 lakh have 19.85% equity. They will be eligible for a cumulative dividend payout of Rs 6.37 crore.
MSTC will give its third interim dividend of Rs 4.5 per share at a face value of Rs 10 each for the current financial year. The amount aggregates to Rs 31.7 crore.
The dividend will be credited to the eligible shareholders within 30 days from the date of notification, or by April 26.
The central government owns a 64.75% stake in the diversified e-commerce services company.
Dividends are a way for companies to reward their shareholders.
. Read more on Markets by NDTV Profit.RailTel will incur an expense of nearly Rs 32 crore via the dividend payout, while MSTC will shell out Rs 31.7 crore. Read MoreMarkets, Business, Notifications
NDTV Profit
