NewsCorporate Actions12 Companies Set Record Dates for Dividend Eligibility, Including Patanjali Foods and Concord Biotech12 Companies Set Record Dates for Dividend Eligibility, Including Patanjali Foods and Concord Biotech
Twelve companies, including Patanjali Foods, Concord Biotech, Asahi India Glass, and Prestige Estates Projects, have announced dividend payouts. VST Tillers Tractors offers the highest at Rs 20 per share, followed by Concord Biotech at Rs 10.70. Patanjali Foods, Asahi India Glass, and GeeCee Ventures each declare Rs 2 per share final dividend, while Prestige Estates Projects announces an interim dividend of Rs 1.80 per share. Investors must purchase shares before the ex-dividend date to qualify for these payouts under India's T+1 settlement cycle.
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In a flurry of dividend announcements, twelve companies have set their record dates for dividend eligibility, offering investors a chance to secure upcoming payouts. Notable firms among these include Patanjali Foods Ltd., Concord Biotech Ltd., Asahi India Glass Ltd., and Prestige Estates Projects Ltd.
Key Highlights
- VST Tillers Tractors leads with the highest dividend at Rs 20.00 per share
- Concord Biotech follows with a dividend of Rs 10.70 per share
- Patanjali Foods, Asahi India Glass, and GeeCee Ventures each declare Rs 2.00 per share final dividend
- Prestige Estates Projects announces an interim dividend of Rs 1.80 per share
Dividend Eligibility and Ex-Dividend Date
Investors looking to qualify for these dividend payments must ensure they purchase shares by the last trading session before the stocks go ex-dividend. This is crucial as, under India's T+1 settlement cycle, shares purchased on the record date itself do not qualify for dividend payments.
Dividend Details
| Company Name | Dividend Type | Dividend Amount (Rs per share) |
|---|---|---|
| VST Tillers Tractors | Not Specified | 20.00 |
| Concord Biotech | Not Specified | 10.70 |
| Patanjali Foods | Final | 2.00 |
| Asahi India Glass | Final | 2.00 |
| GeeCee Ventures | Final | 2.00 |
| Prestige Estates Projects | Interim | 1.80 |
Investor Considerations
These dividend announcements come as welcome news for income-focused investors. However, it's important to note that dividend payments are subject to taxes, and the ex-dividend date typically sees a corresponding decrease in the stock price, reflecting the value of the dividend being paid out.
Investors should consider their overall investment strategy and tax implications when making decisions based on these dividend announcements. As always, it's advisable to consult with a financial advisor for personalized investment advice.
The announcement of these dividends by multiple companies across various sectors may indicate a positive outlook on their financial performance and commitment to shareholder returns. However, investors should also consider other financial metrics and market conditions when evaluating these stocks for their portfolios.
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