NewsCorporate ActionsOver 80 Stocks, Including Cochin Shipyard and GRSE, Set September 12 as Dividend Record DateOver 80 Stocks, Including Cochin Shipyard and GRSE, Set September 12 as Dividend Record Date
More than 80 companies across various sectors have announced September 12 as their dividend record date, with dividend rates ranging from 0.4% to 500%. Notable announcements include Cochin Shipyard (45% final dividend), Garden Reach Shipbuilders & Engineers (49%), KSE (500%), Techno Electric & Engineering (450%), Kajaria Ceramics (400%), Mastek (320%), and Vadilal Industries (210%). Thursday is the last trading day for dividend eligibility. The record date determines shareholder entitlement to these dividends.
*this image is generated using AI for illustrative purposes only.
In a significant move for investors, more than 80 companies have announced September 12 as their dividend record date, with Thursday marking the final trading day for dividend eligibility. This announcement spans across various sectors, offering dividend rates ranging from 0.4% to an impressive 500%.
Key Dividend Announcements
Among the notable companies, Cochin Shipyard and Garden Reach Shipbuilders & Engineers (GRSE) have declared substantial dividends:
- Cochin Shipyard: Final dividend of 45% (Rs 2.25 per share)
- Garden Reach Shipbuilders & Engineers (GRSE): 49% (Rs 4.90 per share)
Other significant dividend declarations include:
| Company | Dividend Rate | Amount per Share |
|---|---|---|
| KSE | 500% | Rs 50.00 |
| Techno Electric & Engineering | 450% | Rs 9.00 |
| Kajaria Ceramics | 400% | Rs 4.00 |
| Mastek | 320% | Rs 16.00 |
| Vadilal Industries | 210% | Rs 21.00 |
Investor Implications
This announcement is particularly relevant for investors looking to capitalize on dividend income. To be eligible for these dividends, investors must purchase shares of the respective companies by Thursday, the last trading day before the record date.
Diverse Sector Representation
The comprehensive list of over 80 companies spans various sectors of the Indian economy, reflecting a broad-based approach to shareholder returns. This diverse representation provides investors with multiple options across different industry segments.
Record Date Significance
The record date of September 12 is crucial as it determines the shareholders who will be entitled to receive the declared dividends. Only those investors who are registered as shareholders of the respective companies on this date will be eligible for the dividend payouts.
Investors are advised to consider their investment strategies in light of these dividend announcements, taking into account their financial goals and tax implications. As always, it's recommended to conduct thorough research or consult with financial advisors before making investment decisions based on dividend announcements.
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