scorecardresearchDividends This Week: Six companies set record dates; check details

Dividends This Week: Six companies set record dates; check details

Updated: 13 Mar 2023, 01:26 PM IST
TL;DR.

  • Allcargo Logistics Ltd, DIC India Ltd, CG Power & Industrial Ltd, Taparia Tool Ltd, SBI Life Insurance Company Ltd, and Nettlinx Ltd have set record date this week for evaluating members' eligibility for interim and final dividends.

Generally, the interim dividends are paid more than once and at any time during the fiscal year, in contrast to final dividends, which are only paid out once.

Generally, the interim dividends are paid more than once and at any time during the fiscal year, in contrast to final dividends, which are only paid out once.

Six companies have set their record deadlines this week to determine members eligible for dividend payments.

The dividend will be paid to all shareholders whose names are recorded in the company's shareholder records as of the end of the record date.

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.

Allcargo Logistics Ltd, a logistics solutions company, has fixed Wednesday, March 15, as the record date for the purpose of determining the shareholders eligible for interim dividend.

The board of directors declared an interim dividend of 3.25 per equity share of 2 each, which is 162.5%.

As per the company's filing, the interim dividend will be paid/dispatched to all shareholders on or after Thursday, March 16.

As per trendlyne data, the company has declared 26 dividends since September 21, 2006.

Shares of the company will trade ex-dividend on Wednesday, March 15.

DIC India Ltd, which is engaged in the business of manufacturing of printing inks, has fixed Wednesday, March 15, as the record date for the purpose of determining the shareholders eligible for final dividend.

For the year ended December 2022, the company declared final dividend of 20% totalling to 2 per share. Basically, a final dividend is a set amount that may be made regularly (which is the norm) semiannually, or annually.

Shares of the company will trade ex-dividend on Wednesday, March 15.

CG Power & Industrial Ltd, which is engaged in the providing end-to-end solutions to utilities, industries and consumers for the management and application of electrical energy, has fixed Wednesday, March 15, as the record date to decide the eligibility of shareholders for interim dividend.

As per the company's exchange filing, the board has approved the payment of interim dividend at 1.50 per equity share i.e. 75% on face value of 2 per share.

The interim dividend will be paid on or after March 29.

As per trendlyne data, the company has declared 36 dividends since June 29, 2001.

Shares of the company will trade ex-dividend on Wednesday, March 15.

Taparia Tool Ltd, which is primarily involved in manufacturing and trading of hand tools, has fixed Thursday, March 16, as the record date to decide the eligibility of shareholders for interim dividend.

The company has declared dividend at 775%, i.e 77.50 per share. According to trendlyne data, the company has declared 19 dividends since March 6, 2002.

Shares of the company will trade ex-dividend on Thursday, March 16.

SBI Life Insurance Company Ltd, which offers life insurance, has fixed Thursday, March 16, as the record date to decide the eligibility of shareholders for interim dividend.

The company has declared dividend at 25%, .i.e 2.50 per share. According to trendlyne data, the company has declared 5 dividends since April 3, 2018.

Shares of the company will trade ex-dividend on Thursday, March 16.

Nettlinx Ltd, which provides a portfolio of high quality internet solutions for data voice, security, and software development to cater to the corporate customer needs, has fixed Friday, March 17, as the record date to decide the eligibility of shareholders for interim dividend.

The company has declared the first interim dividend for FY23 at 0.40 per share of the face value of 10 each.

Shares of the company will trade ex-dividend on Friday, March 17.

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First Published: 13 Mar 2023, 01:26 PM IST