Starting the week of August 21, several prominent companies will see their shares trading ex-dividend. This includes giants like Reliance Industries, Oil India, ICICI Securities, Hindustan Aeronautics Limited, and RailTel Corporation, among others.
Furthermore, shares of Veer Global Infraconstruction Ltd. will trade ex-bonus on August 22, and Focus Business Solutions Ltd. will follow suit on August 23. A notable event on August 25 will be when companies such as FDC Limited, Indiamart Intermesh Limited, KRBL Limited, and Piramal Enterprises announce their buyback of shares.
Understanding the Ex-Dividend Date
The ex-dividend date is pivotal, marking the day when a stock’s price is adjusted to account for its upcoming dividend payment. From this date onward, the stock is no longer entitled to its subsequent dividend. It’s important to note that dividends are payable to shareholders registered with the company by the close of the record date.
Spotlight on Major Companies Declaring Dividend
- Reliance Industries: Declared a final dividend of ₹9, with shares trading ex-dividend on August 21.
- ICICI Securities: Announced a final dividend of ₹9.25, setting its ex-dividend date for August 21.
- Hindustan Aeronautics Limited: The final dividend stands at ₹15, with shares going ex-dividend on August 24.
- RailTel Corporation of India Limited: Declared a final dividend of ₹1.05. Ex-dividend trading begins on August 24.
- Oil India: Announced a final dividend of ₹5.5, with shares trading ex-dividend on August 25.
Detailed Ex-Dividend Calendar for the Week
- Monday, August 21: Reliance Industries, A-1 Acid Ltd., Finolex Industries, ITD Cementation India Ltd., and more.
- Tuesday, August 22: ICICI Securities, Chemfab Alkalis Ltd., Sun TV Network Ltd., Karnataka Bank, and several others.
- Wednesday, August 23: Manappuram Finance Limited, Astra Microwave Products Limited, International Combustion (India) Limited, and a few others.
- Thursday, August 24: Hindustan Aeronautics Ltd., RailTel Corporation of India Ltd., HEG Ltd., AGI Greenpack Ltd., and more.
- Friday, August 25: Oil India, KRBL Limited, ABB India, Engineers India Limited, GIC Housing Finance Limited, and several others.
This article aims to provide a concise update for investors and market enthusiasts. As always, individual investment decisions should be made with caution and, if possible, consultation.
