Citigroup analyst Patrick Cunningham has maintained a Buy rating on Linde and raised the price target to $600 from $585. The adjustment reflects an updated valuation outlook for the stock listed on NASDAQ under the ticker LIN.

The revised target suggests potential upside from the previous level of $585. Linde operates in the industrial gases sector, and the new price target indicates confidence in the company's financial performance and market position.

Rating and Target Details

Linde India Ltd has declared a dividend of ₹12 per equity share for the financial year ended March 31, 2026. The payout includes a special dividend of ₹8 per share. The record date to determine shareholder eligibility for the dividend payment is Thursday, August 6, 2026.

The Board of Directors approved the dividend at a meeting held on May 30, 2026. The dividend is declared on 85,284,223 equity shares of ₹10 each. Shareholders whose names appear in the register of members as on the record date will receive the dividend through electronic credit to their registered bank accounts.

To facilitate the receipt of dividend, the company has mandated that shareholders update their bank account details, PAN, and Aadhaar numbers with their Depository Participant or the company's Registrar and Transfer Agent by August 6, 2026. The Securities and Exchange Board of India (SEBI) has mandated that dividends be paid only through electronic mode with effect from April 1, 2024.

The company will deduct tax at source (TDS) on dividend at applicable rates under the Income Tax Act, 2025. The TDS rates vary based on the shareholder category and residential status. For resident shareholders with a valid PAN, the TDS rate is 10%, while individuals are exempt if the aggregate dividend does not exceed ₹10,000 during the tax year. Non-resident shareholders face a TDS rate of 20% or the Double Taxation Avoidance Agreement (DTAA) rate, whichever is lower.

Shareholders must submit necessary tax-related documents to KFin Technologies Limited, the Registrar and Share Transfer Agent, by 6.00 PM IST on July 27, 2026. Documents can be uploaded online or sent physically to the RTA's office in Hyderabad. The company emphasized that documents received after the deadline will not be considered for tax benefits.

The following table outlines the TDS rates for key shareholder categories: