Investors should be aware of key corporate actions this week as major companies like TCS, LIC, and Bajaj Auto announce dividends and bonus issues. These actions require shareholders to hold shares in their demat accounts by the record date to qualify.
Tata Consultancy Services (TCS) has declared a final dividend of Rs 31 per share for the financial year ending March 31, 2026, amounting to a total payout of Rs 39,571 crore. Eligible shareholders will receive the dividend on June 12, subject to tax deductions. Similarly, Tata Consumer Products will trade ex-dividend for its Rs 10 dividend on Monday, pending shareholder approval at the AGM on June 10.
LTI Mindtree has set May 25 as the record date for its Rs 53 per share final dividend, while Siyaram Silk Mills and Aurique have also marked May 25 for their special dividend and bonus issue, respectively. Hatsun Agro Product and Dhampur Sugar Mills will turn ex-dividend on May 26, with the former offering Rs 10 per share and the latter Rs 2 per share.
IRB Infrastructure Developers has announced an interim dividend of Rs 0.05 per share, with the ex-dividend date set for May 26. FMEC International Financial Services will undergo a stock split and a 1:10 bonus issue on the same day. IB Infotech will trade ex-date for a 10:1 stock split, and GPT Infraprojects has set Tuesday as the record date for its Re 1 dividend.
ITC has recommended a final dividend of Rs 8 per share, with May 27 as the record date. The dividend is subject to approval at the AGM on July 23 and will be paid between July 24 and July 29. Chemcon Speciality Chemicals and Page Industries will also turn ex-record date for dividends on Wednesday, while Shah Metacorp has a rights issue.
Bajaj Auto will distribute a substantial final dividend of Rs 150 per share, with May 29 as the record date. LIC has approved a 1:1 bonus issue, also set for May 29. GSK Pharma, ICICI Lombard, and Eris Lifesciences have their record dates on Friday for dividends of Rs 57, Rs 7, and Rs 7.21 per share, respectively.
Background
The flurry of corporate actions this week reflects a broader trend of companies rewarding shareholders through dividends and bonus issues, which can impact stock prices and investor sentiment.
As these actions unfold, investors should monitor announcements closely to capitalize on potential market movements.
