Companies Fix Record Dates for Dividend Payouts: Check Out the List

This week, a total of 115 companies have set their record dates to determine the eligible shareholders for the payout of dividends. Among them, two Nifty companies, HCL Tech and Shriram Finance, are included, along with other notable names like PFC, MRF, and RBL Bank.

Dividends are distributed to shareholders whose names are listed in the company’s database on the record date. With the implementation of the T+1 framework, the record date and ex-date are usually the same, unless there is a market holiday following the ex-date.

Shareholders who purchase the stock at least one day before the ex-date are eligible for dividends, as settlement occurs the following day. Those who buy the stock on the ex-date are not eligible for dividends.

Here is a breakdown of the stocks trading on an ex-dividend basis this week:

– Monday, July 22: Exide Industries, Happy Forgings, Bemco Hydraulics, Carborundum Universal, and others have set July 22 as their record date.
– Tuesday, July 23: HCL Tech, Shriram Finance, Shree Cement, and several others have declared July 23 as their record date.
– Wednesday, July 24: Pidilite Industries, Fortis Healthcare, and other companies have fixed July 24 as their record date.
– Thursday, July 25: MRF, United Breweries, and other companies have July 25 as their record date.
– Friday, July 26: RBL Bank, Symphony, Godrej Agrovet, and a host of other companies have set July 26 as their record date.

Investors should take note of these record dates to ensure they are eligible for dividends from these companies.