Six companies have set their record dates this week to determine eligibility of shareholders for dividend payments.
Dividend payments to shareholders on a recurring basis are known as interim dividends. Interim dividends typically aren't as large as dividend payments made after the end of financial year. Generally, when quarterly earnings results are reported, these payments are announced.
On the other side, a final dividend is one that a company pays out following its annual general meeting, the conclusion of the relevant fiscal year, and the release of its annual financial results.
Companies offer dividends as incentives for equity investors seeking both revenue and an increase in share value.
Wednesday, April 12
Three companies, Schaeffler India Ltd, Visaka Industries Ltd, and Varun Beverages Ltd have set Wednesday, April 12, as the record date for the purpose of determining the shareholders eligible for dividend. Shares of Schaeffler India will trade ex-dividend on Tuesday, April 11, and Visaka Industries and Varun Beverages on April 12.
Schaeffler India Ltd, which is a supplier of solutions to automotive and industrial sectors, has declared an final dividend of ₹24 (1200%) per equity share of the company.
As per trendlyne data, the company has declared 24 dividends since February 20, 2001.
Visaka Industries Ltd, which is engaged in the business of manufacture of cement fiber sheets, fiber cement boards and panels, solar panels and synthetic yarn, has approved payment of interim dividend of ₹7 per equity share (i.e.70% on the face value of ₹10 per share) for the financial year 2022–23.
According to trendlyne data, the company has declared 32 dividends since July 11, 2002.
Varun Beverages Ltd, an India-based beverage company that operates franchisee of PepsiCo, has declared an final dividend of Re 1 (10%) per equity share of the company.
According to company's exchange filing, the final dividend will be paid on and from Thursday, April 13 to those shareholders whose name appears in the register of members of the company or in the list of beneficial owners maintained by the depositories as on Wednesday, April 12.
According to trendlyne data, the company has declared 7 dividends since August 16, 2017.
Thursday, April 13
Two companies, Britannia Industries Ltd and Edelweiss Financial Services Ltd have set Thursday, April 13, as the record date for the purpose of determining the shareholders eligible for dividend. Shares of these companies will trade ex-dividend on the record date itself.
Britannia Industries Ltd, which is primarily involved in manufacturing and sale of various food products, has declared an interim dividend at 7200% i.e. ₹72 per equity share of face value of Re 1 each for the financial year 2022‐23.
According to trendlyne data, the company has declared 25 dividends since July 2, 2001.
Edelweiss Financial Services Ltd, which is engaged in providing financial services, has declared interim dividend of Re 0.25 per share (25%) on the equity share of the face value of Re 1 each for the financial year ending March 31, 2023.
According to trendlyne data, the company has declared 27 dividends since July 2, 2008.
Friday, April 14
Goodluck India Ltd, which is engaged in the business of manufacturing and sale of engineering products, has set Friday, April 14, as the record date for the purpose of determining the shareholders eligible for interim dividend. Shares of the companies will trade ex-dividend on Thursday, April 13.
The company has declared an interim dividend at the rate of 100% i.e. ₹2 per equity share of ₹2 each for the financial year 2022-23.
According to an exchange filing, Thursday, April 20, is fixed as the date of payment of interim dividend.
As per trendlyne data, the company has declared 21 dividends since March 3, 2003.
