Shares of SJVN Ltd., Procter & Gamble Health Ltd., Kirloskar Oil Engines Ltd. and Manappuram Finance Ltd. will be of interest on Thursday, as the day marks the last session for investors to buy shares to qualify for receiving interim dividend before the stock goes ex/record-date.
The record date will determine 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.
The SJVN board last week declared an interim dividend of Rs 1.15 per equity share for the financial year 2025. To determine the shareholders eligible for the dividend payout, the board has fixed a record date of Feb. 21, with payments beginning on March 6.
Given India’s T+1 settlement cycle, shares purchased on the record date (Feb. 21 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by Feb. 20 will be the beneficiaries.
Through the second interim dividend, SJVN will pay shareholders nearly Rs 452 crore. The company is a ‘Navratna’ public sector undertaking involved in hydroelectric power generation and transmission.
Procter & Gamble Health has announced an interim dividend of Rs 80 per share, while Kirloskar Oil Engines and Manappuram Finance will issue dividends of Rs 2.5 and Rs 1, respectively.
Dividends are a way for companies to reward their shareholders.
Other notable companies that will trade ex-dividend on Friday are Firstsource Solutions Ltd. (Rs 4), Nirlon Ltd. (Rs 15), and Bombay Burmah Trading Corp. (Rs 13).
This week, multiple companies went ex-trade for interim dividends to shareholders, including Hindustan Aeronautics Ltd., Indian Railway Catering and Tourism Corp., Bharat Forge Ltd. and NBCC (India) Ltd., as their boards allocate payouts following recent financial results.
. Read more on Markets by NDTV Profit.The SJVN board last week declared an interim dividend of Rs 1.15 per equity share for the financial year 2025. Read MoreMarkets, Business, Buzzing Stocks, Notifications
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