NTPC Among 19 Companies Setting Final Day for Dividend-Qualifying Share Purchases
Investors have until Wednesday to purchase shares of 19 companies, including NTPC, to qualify for upcoming dividend distributions. NTPC announced a final dividend of Rs 3.35 per share. Other notable dividend declarations include ONGC (Rs 1.25), Oil India (Rs 1.50), Clean Science and Technology (Rs 4.00), and Bharat Bijlee and Uni Abex Alloy Products (both Rs 35.00 per share). The T+1 settlement cycle in India means investors must buy shares before the record date to be eligible for dividends.

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Investors eyeing dividend payouts from 19 companies, including NTPC, have until Wednesday to purchase shares and qualify for the upcoming dividend distributions. This marks the last trading session before these stocks go ex-dividend, a crucial deadline for those looking to benefit from the announced payouts.
Key Dividend Announcements
NTPC, one of India's leading power generation companies, has announced a final dividend of Rs 3.35 per share. This announcement comes alongside several other notable dividend declarations:
- ONGC (Oil and Natural Gas Corporation): Recommended a final dividend of Rs 1.25 per share
- Oil India : Declared a dividend of Rs 1.50 per share
- Clean Science and Technology: Set to distribute Rs 4.00 per share
- Bharat Bijlee and Uni Abex Alloy Products: Both companies will pay Rs 35.00 per share
Importance of the Record Date
Under India's T+1 settlement cycle, it's crucial for investors to purchase shares before the record date to qualify for dividend payments. The record date is the cut-off point that determines shareholder eligibility for receiving dividends.
Investor Considerations
Investors interested in these dividend payments should be aware of the following:
- The last day to purchase shares to qualify for dividends is Wednesday.
- Shares bought on or after the ex-dividend date will not be eligible for the upcoming dividend payment.
- The T+1 settlement cycle in India means that transactions are settled one day after the trade date, affecting the timing of share ownership recognition.
This dividend announcement period encompasses a diverse range of companies across various sectors, offering investors multiple options for potential dividend income. As always, investors are advised to consider their overall investment strategy and consult with financial advisors before making investment decisions based solely on dividend announcements.
Historical Stock Returns for Oil India
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-2.27% | +0.79% | -8.22% | +12.07% | -42.31% | +524.46% |