Investors tracking the Indian stock market should note that nine significant companies are scheduled to turn ex-dividend on Monday, September 21. This means that to be eligible for the announced dividends, shareholders must own the shares before this date, which serves as the record date for most of these payouts.
The companies span various sectors and offer dividends ranging from 40 paise to a substantial Rs 160 per share. Key names on the list include Maharashtra Scooters Ltd, Dixon Technologies (India) Ltd, and Bharat Dynamics Ltd (BDL).
Companies Turning Ex-Dividend on September 21
Here’s a detailed look at the companies and their respective dividend declarations:
- Maharashtra Scooters Ltd: The company announced an interim dividend of Rs 160 per share. The record date for this payout is September 21, with the actual payment expected in October.
- Dixon Technologies (India) Ltd: Shareholders will receive a final dividend of Rs 10 per share. September 21 is set as both the ex-dividend and record date, with payments anticipated by October 28.
- Bharat Dynamics Ltd (BDL): The defense sector firm declared a final dividend of Rs 0.40 per share. The record date is September 21, and the dividend payout is likely on October 28.
- Container Corporation of India Ltd: This logistics giant will turn ex-dividend for a final dividend of Re 1 per share. September 21 is also the record date, with payments expected around October 28.
- Jai Corp Ltd: A final dividend of Rs 0.50 per share has been announced by Jai Corp. The record date is September 21, and the payment date is slated for October 28.
- Bajaj Holdings & Investment Ltd: An interim dividend of Rs 65 per share has been declared, with September 21 as the ex-dividend and record date.
- Southern Gas Ltd: The company is set to turn ex-dividend for a final dividend of Rs 60 per share.
- Kingfa Science & Technology (India) Ltd: Declared a dividend of Rs 20 per share.
- Monte Carlo Fashions Ltd: Also announced a dividend of Rs 20 per share.
The ex-dividend date is crucial for investors as it marks the cutoff point for eligibility to receive the declared dividend. Shares bought on or after this date will not carry the entitlement to the dividend payment.