Upcoming Dividend Payouts: Stocks to Watch Out For
Maharashtra Scooters, IndusInd Bank, Bank of Baroda, and more companies are set to turn ex-dividend this week. Check out the list of stocks and their dividend payout details.
Dividend PayoutsEx DividendMaharashtra ScootersIndusind BankBank Of BarodaSwaraj EnginesBajaj HoldingsReal Estate MaharashtraJun 28, 2024
Maharashtra Scooters has announced a final dividend of Rs 60 per share, and the record date is today. Eligible shareholders will receive the dividend payout on July 27. Swaraj Engines has declared a final dividend of Rs 95 per share and will pay out the dividend on August 17. Bajaj Holdings has announced a final dividend of Rs 21 per share and will turn ex-dividend today, with the payout scheduled for July 29.
IndusInd Bank has announced a final dividend of Rs 16.50, and the actual payout will be made on March 9. Bank of Baroda has declared a dividend of Rs 7.60, and today is the record date for the same. The dividend in the BOB case will be paid on August 4.
Other companies that will turn ex-dividend today include RPG Life Sciences (Rs 16 per share dividend), GHCL (Rs 12 per share), Nippon Life India Asset Management Ltd (Rs 11 per share), Kalpataru Projects International Ltd (Rs 8 per share), Ksolves India Ltd (Rs 8 per share), REC (Rs 5 per share), and Welspun Corp (Rs 5 per share).
In other news, Avonmore Capital & Management Services will split its shares with a face value of Rs 10 into shares with face value of Rs 2 each. Godawari Power will turn ex-date for share buyback today.
It's essential for investors to keep track of these dividend payouts and record dates to ensure they receive their due payments. However, it's also crucial to consult with a qualified financial advisor before making any investment decisions.
Frequently Asked Questions
What does it mean when a stock turns ex-dividend?
When a stock turns ex-dividend, it means the company has set a date for dividend payment, and investors who purchase the stock on or after that date will not be eligible to receive the dividend.
How do I know if I'm eligible for a dividend payout?
Check if your name is in the company's records as a shareholder on the record date. If it is, you're eligible to receive the dividend.
What is a record date?
The record date is the date by which a company determines which shareholders are eligible to receive a dividend payout.
Can I sell my shares after the ex-dividend date and still receive the dividend?
No, if you sell your shares after the ex-dividend date, you will not be eligible to receive the dividend.
Do I need to do anything to receive my dividend payout?
No, the dividend payout will be automatically credited to your account if you're an eligible shareholder.
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