LIC, Asian Paints among 35 stocks turning ex-dividend this week
Around 35 companies including Life Insurance Corporation of India (LIC), Asian Paints, Hindustan Unilever (HUL) and IndusInd Bank will turn ex-record date for dividends, bonus issues or buybacks in the holiday-shortened week from 22 to 26 June, with investors required to hold shares on the respective record dates to qualify.
Market overview: corporate actions calendar
| Day / Date | Key corporate action types | Notable large-cap names |
|---|---|---|
| Monday, 22 June | Final dividends | Smaller caps including DMR Engineering, Panasonic Carbon India Company, Sangam India |
| Tuesday, 23 June | Final dividends | Asian Paints, HUL, Tata Power, The Indian Hotels Company, Thyrocare Technologies |
| Wednesday, 24 June | Bonus issue, dividends, buyback | ZF Commercial Vehicle Control Systems India, Shankar Buildpro, Wheels India, Bajaj Auto |
| Thursday, 25 June | Final dividends | LIC, IndusInd Bank, Supreme Industries, Allied Blenders and Distillers, Care Ratings, Dr Lal Pathlabs |
- Around 35 companies have fixed record dates for dividends, bonus issues and buybacks this week.
- Investors must own shares in demat accounts on the record date to receive the benefit.
- The list is tentative, more companies may announce additional corporate actions during the week.
Monday 22 June: smaller caps set dividend record dates
| Company | Corporate action | Dividend per share |
|---|---|---|
| DMR Engineering | Final dividend | ₹0.14 per share |
| Panasonic Carbon India Company | Final dividend | ₹12 per share |
| Sangam India | Final dividend | ₹2 per share |
- Three companies will turn ex-record date for dividends on Monday, 22 June.
- These payouts are primarily from smaller and mid-sized firms.
Tuesday 23 June: Asian Paints, HUL and Tata Power dividends
| Company | Corporate action | Dividend per share |
|---|---|---|
| Asian Paints | Final dividend | ₹23 per share |
| Hindustan Unilever (HUL) | Final dividend | ₹22 per share |
| Tata Power Company | Final dividend | ₹2.5 per share |
| Anand Rathi Share & Stock Brokers | Final dividend | ₹5 per share |
| Dalmia Bharat | Final dividend | ₹5 per share |
| The Indian Hotels Company | Final dividend | ₹3.25 per share |
| Thyrocare Technologies | Final dividend | ₹7 per share |
| DAR Credit & Capital | Final dividend | ₹0.5 per share |
| Fredun Pharmaceuticals | Final dividend | ₹0.7 per share |
| GNA Axles | Final dividend | ₹3 per share |
| Master Components | Final dividend | ₹0.75 per share |
- Tuesday, 23 June, has 11 stocks turning ex-record date for dividends.
- Asian Paints offers the highest payout among Tuesday names at ₹23 per share.
- HUL follows closely with a final dividend of ₹22 per share.
- Tata Power shareholders will receive ₹2.5 per share as final dividend.
Wednesday 24 June: ZF bonus issue and Bajaj Auto buyback
| Company | Corporate action | Terms / amount |
|---|---|---|
| ZF Commercial Vehicle Control Systems India | Bonus issue | 5:1 bonus issue |
| Shankar Buildpro | Final dividend | ₹5 per share |
| Wheels India | Final dividend | ₹9.14 per share |
| Bajaj Auto | Share buyback | ₹5,633 crore buyback size |
- Wednesday, 24 June, is the record date for ZF Commercial Vehicle Control Systems India 5:1 bonus issue.
- Shankar Buildpro and Wheels India will turn ex-dividend on the same day.
- The date also determines shareholder eligibility for Bajaj Auto share buyback worth ₹5,633 crore.
Thursday 25 June: LIC, IndusInd Bank and Supreme Industries dividends
| Company | Corporate action | Dividend per share |
|---|---|---|
| Life Insurance Corporation of India (LIC) | Final dividend | ₹10 per share |
| IndusInd Bank | Final dividend | ₹1.5 per share |
| Supreme Industries | Final dividend | ₹25 per share |
| Allied Blenders and Distillers | Final dividend | ₹5.4 per share |
| Care Ratings | Final dividend | ₹14 per share |
| Dr Lal Pathlabs | Final dividend | ₹4 per share |
| Alkyl Amines Chemicals | Final dividend | ₹10 per share |
| Anthem Biosciences | Final dividend | ₹2 per share |
| Ganesh Green Bharat | Final dividend | ₹0.5 per share |
| GIC Housing Finance | Final dividend | ₹4.5 per share |
| Mawana Sugars | Final dividend | ₹4 per share |
| Nippon Life India AMC | Final dividend | ₹12.5 per share |
| SJS Enterprises | Final dividend | ₹3.5 per share |
| Sona BLW Precision Forgings | Final dividend | ₹1.8 per share |
| Syngene International | Final dividend | ₹1.25 per share |
| Uflex | Final dividend | ₹3 per share |
| Vaibhav Global | Final dividend | ₹1.5 per share |
| Visaka Industries | Final dividend | ₹1.2 per share |
- Thursday, 25 June, sees several heavyweight stocks turning ex-dividend.
- LIC will pay a final dividend of ₹10 per share to eligible shareholders.
- IndusInd Bank has declared a final dividend of ₹1.5 per share.
- Supreme Industries offers the highest payout on Thursday at ₹25 per share.
- Multiple midcap and specialty names, including Nippon Life India AMC and Sona BLW Precision Forgings, also have record dates.
Investor considerations on record dates
- Investors must buy shares at least one trading day before the ex-date in normal settlement.
- Holding shares on the record date is necessary to receive dividends, bonus shares or buyback eligibility.
- Corporate actions may affect stock prices around ex-dates as dividends and bonuses are factored in.
- The corporate action list can expand, as more companies may announce dividends or splits during the week.
FAQs
Q: How can investors qualify for these dividends and bonuses?
- Investors must purchase and hold the shares before the ex-date so they appear as shareholders on the record date.
Q: Which company is offering the highest dividend this week?
- Supreme Industries has announced a final dividend of ₹25 per share, higher than Asian Paints and LIC payouts.
Q: What is the significance of Bajaj Auto’s buyback record date?
- Shareholders on the record date become eligible to tender shares in the ₹5,633 crore Bajaj Auto buyback, subject to terms.
Frequently Asked Questions
How can investors qualify for these dividends and bonuses?
Investors must buy and hold the shares before the ex-date so they are recorded as shareholders on the record date.
Which company is offering the highest dividend this week?
Supreme Industries has announced the highest final dividend in this batch at ₹25 per share.
Why does a stock price often fall on the ex-dividend date?
On the ex-dividend date, the share price typically adjusts lower by roughly the dividend amount as the entitlement separates.
Disclaimer
The stocks mentioned in this article are not recommendations. Please conduct your own research and due diligence before investing. Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. Lemonn (Formerly known as NU Investors Technologies Pvt. Ltd) do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.
