Six Companies Announce Dividends with August 20 Record Date
Six companies have declared dividends with August 20 as the record date. Bhansali Engineering Polymers offers a 100% interim dividend (₹1.00 per share), while Ecos (India) Mobility & Hospitality declares the highest final dividend at 120% (₹2.40 per share). Other companies include Colab Platforms (1% interim), Him Teknoforge (25% final), Senco Gold (20% final), and Sukhjit Starch & Chemicals (20% final). Investors must own shares before the ex-dividend date to be eligible for dividends, considering India's T+1 settlement cycle.
*this image is generated using AI for illustrative purposes only.
In a series of dividend declarations, six companies have set August 20 as the record date for dividend eligibility, marking the last opportunity for investors to purchase shares and qualify for the announced dividends. This development comes amidst India's T+1 settlement cycle, emphasizing the importance for investors to own shares before the ex-dividend date to be eligible for dividend payments.
Dividend Declarations
| Company Name | Dividend Type | Dividend Rate | Amount per Share |
|---|---|---|---|
| Bhansali Engineering Polymers | Interim | 100% | ₹1.00 |
| Colab Platforms | Interim | 1% | ₹0.01 |
| Ecos (India) Mobility & Hospitality | Final | 120% | ₹2.40 |
| Him Teknoforge | Final | 25% | ₹0.50 |
| Senco Gold | Final | 20% | ₹1.00 |
| Sukhjit Starch & Chemicals | Final | 20% | ₹1.00 |
Highlights of Dividend Announcements
- Bhansali Engineering Polymers leads the pack with a substantial interim dividend of 100%, translating to ₹1.00 per share.
- Ecos (India) Mobility & Hospitality has declared the highest final dividend at 120%, offering shareholders ₹2.40 per share.
- Colab Platforms has announced a modest interim dividend of 1%, amounting to ₹0.01 per share.
- Him Teknoforge shareholders will receive a final dividend of 25%, equivalent to ₹0.50 per share.
- Both Senco Gold and Sukhjit Starch & Chemicals have declared final dividends of 20%, with shareholders receiving ₹1.00 per share from each company.
Importance of Record Date
The record date of August 20 is crucial for investors interested in these dividends. It serves as the cut-off date for determining shareholder eligibility for the declared dividends. Investors must ensure they own shares of these companies before the ex-dividend date to qualify for the dividend payments.
India's T+1 Settlement Cycle
India's T+1 (Trade Plus One Day) settlement cycle adds an important dimension to dividend-related transactions. This system means that trades are settled the day after the transaction date, which can impact dividend eligibility. Investors need to be aware of this timeline when planning their purchases to ensure they meet the requirements for dividend payments.
The diverse range of dividends announced by these six companies offers various options for income-seeking investors. From the substantial interim dividend of Bhansali Engineering Polymers to the smaller but noteworthy offerings from companies like Colab Platforms, these declarations cater to different investor preferences and portfolio strategies.
Investors are advised to review their investment goals and consult with financial advisors if needed to make informed decisions regarding these dividend opportunities.
20
