102 Stocks Set to Go Ex-Dividend: Last Chance for Investors to Qualify for Payouts

Investors eyeing dividend income have a crucial deadline approaching. Thursday marks the final trading session for shareholders to purchase shares in 102 companies to qualify for upcoming dividend payments before these stocks go ex-dividend. This development comes as part of India's T+1 settlement cycle, which requires investors to buy shares before the record date to be eligible for dividend payments.

Notable Dividend Announcements

Several prominent companies have announced significant dividends:

• National Securities Depository Ltd. (NSDL): Recommended a final dividend of Rs 2.00 per share. If approved, the dividend is expected to be credited by October 28.
• Mazagon Dock Shipbuilders: Offering Rs 2.71 per share, amounting to a total payout of Rs 109.00 crore.
• Bharat Dynamics: Declared a dividend of Rs 0.65 per share.
• National Aluminium Company (Nalco): Announced a dividend of Rs 2.50 per share.
• Moil: Offering Rs 1.61 per share.

Other Companies in Focus

The list of 102 companies going ex-dividend also includes:

• Bajaj Healthcare
• Balu Forge Industries
• Blue Jet Healthcare
• Genus Power Infrastructures
• Neogen Chemicals
• PG Electroplast
• Sansera Engineering

Dividend Taxation Reminder

Investors should note that dividend income exceeding Rs 5,000.00 annually is subject to a 10% Tax Deducted at Source (TDS) for resident individuals. This tax consideration is crucial for those planning their dividend investment strategies.

Investor Action Required

Given the T+1 settlement cycle in India, investors interested in receiving these dividends must act swiftly. Shares need to be purchased before the ex-dividend date to qualify for the upcoming payments. This presents a time-sensitive opportunity for those looking to benefit from these dividend distributions.

The diverse range of companies offering dividends spans various sectors, providing investors with options to potentially enhance their portfolio yields. However, as always, it's advisable for investors to conduct thorough research and consider their overall investment strategy before making decisions based solely on dividend announcements.