This week, over 150 companies are set to turn ex-record date for their respective dividend payouts, with notable names such as Kalyan Jewellers and IREDA among them. Investors must ensure they hold shares in their demat accounts by the respective record dates to be eligible for these dividends.
On Monday, Texmaco Infrastructure and Holdings, GeeCee Ventures, and Transpek Industry will pay dividends of Rs 0.15, Rs 2, and Rs 20 per share, respectively. Tuesday sees at least 11 companies, including APL Apollo Tubes with the highest payout of Rs 8.5 per share, fixing their record dates. Other notable payouts include KDDL at Rs 8 and Globus Spirits at Rs 6.53 per share.
Wednesday will witness at least 17 companies, with Force Motors leading with a Rs 50 per share dividend. Empire Industries will also pay a total of Rs 50 per share through a special and final dividend. Other significant payouts include GNFC at Rs 21 and Naperol Investments at Rs 16.48 per share.
On Thursday, TVS Srichakra will pay the highest dividend of Rs 37.8 per share among 18 companies. Ganesha Ecosphere and Divgi Torqtransfer Systems will pay Rs 3.5 and Rs 3.27 per share, respectively. Other companies like Apex Frozen Foods and Radiant Cash Management Services will pay Rs 2.5 per share each.
Friday will see over 100 companies, with Apar Industries offering the highest payout of Rs 60 per share. CSL Finance and Gujarat Energy will pay Rs 10 and Rs 8.9 per share, respectively. Other notable dividends include Banco Products (India) at Rs 8 and Heidelberg Cement India at Rs 7 per share.
Background
The surge in dividend announcements reflects companies' strategies to reward shareholders amid market fluctuations. Investors should monitor these developments closely to optimize their portfolios and capitalize on dividend opportunities.
Investors are advised to keep an eye on the record dates and ensure their holdings are updated to benefit from these dividend payouts. As companies continue to announce dividends, this week presents a significant opportunity for shareholders to enhance their returns.
