Investors have until today to purchase shares of 38 companies, including LIC Housing Finance and Hitachi Energy, to be eligible for upcoming dividends. Under SEBI's T+1 settlement cycle, shares must be bought at least one trading day before the record date, which is August 21, to ensure eligibility for the corporate action.
LIC Housing Finance announced a final dividend of Rs 10 per share, with the record date set for August 21. The company has declared 27 dividends since June 2001, boasting a dividend yield of 2.01%.
Patanjali Foods has approved its third interim dividend of Rs 1.5 per share for FY26 and the first interim dividend of Rs 0.80 per share for FY27, both with a record date of August 21.
Hitachi Energy has also fixed Friday as the record date for its Rs 8 per share dividend. Other notable payouts include AK Capital Services with Rs 22 per share and Alfred Herbert (India) with Rs 20 per share.
Alan Scott Enterprises has set August 21 as the record date for its rights issue, offering 1 share for every 6 shares held at Rs 75 per share. Goodluck India has fixed the same date for its 2:1 bonus issue.
Background
The T+1 settlement cycle introduced by SEBI aims to expedite the transfer of shares, ensuring that investors receive their entitlements promptly. This change has implications for trading strategies and dividend eligibility.
Investors should monitor these developments as they could impact stock valuations and investor returns in the coming weeks.
