August 21, 2024
New Delhi, India
Dividends
Indian Railway Finance Corporation (IRFC) and several other companies are in the spotlight as August 22 has been set as the record date for dividends. This means today is the last opportunity for investors to purchase shares in these companies to qualify for the declared dividends.
IRFC Dividend Details: IRFC announced a final dividend of ₹0.70 per share earlier in May, alongside its financial results for the fourth quarter of FY 2023-24. This final dividend is in addition to an interim dividend of ₹0.80 per share declared on November 2, 2023. Altogether, IRFC shareholders will receive a total dividend of ₹1.50 per share for the financial year 2023-24. The final dividend will be paid within 30 days from the conclusion of the company’s Annual General Meeting (AGM), subject to shareholder approval.
Other Companies Declaring Dividends: In addition to IRFC, several other companies have also set August 22 as the record date for their dividends. Below is a list of companies and their declared dividends:
- A-1 Acid Ltd: ₹1.5 per share
- Aster DM Healthcare: ₹2 per share
- Benares Hotels: ₹25 per share
- Globus Spirits: ₹3.5 per share
- Goldiam International: ₹1 per share
- Hester Biosciences: ₹6 per share
- Hindware Home Innovation: ₹0.4 per share
- Investment & Precision Castings: ₹1 per share
- Jindal Steel & Power: ₹2 per share
- Kakatiya Cement Sugar & Industries: ₹3 per share
- LG Balakrishnan & Bros: ₹18 per share
- Mazda Ltd: ₹16 per share
- Omax Autos: ₹1 per share
- Panama Petrochem: ₹4 per share
- Relaxo Footwears: ₹3 per share
- SIRCA Paints India: ₹1.5 per share
- Thejo Engineering: ₹3 per share
Importance of Record Date: The record date is crucial as it determines which shareholders are eligible to receive the declared dividends. To qualify, investors must ensure that the shares are in their demat accounts by the end of today. This deadline also applies to eligibility for other corporate actions, such as buybacks, bonus issues, and stock splits.
With the record date for dividends set for August 22, today is the final day for investors to purchase shares of IRFC and other companies to qualify for their respective dividends. Investors should act quickly to ensure they are eligible to receive the benefits of these corporate actions.
Disclaimer:
CurrencyVeda provides this news article for informational purposes only. We do not offer investment advice or recommendations. Before making any investment decisions, please conduct thorough research, consult with financial experts, and carefully consider your financial situation, risk tolerance, and investment goals. Investing in the stock market carries risks, and it’s essential to make informed choices based on your individual circumstances. CurrencyVeda is not liable for any actions taken based on the information provided in this article.
