October 6, 2024 – This week, 41 companies, including Coal India, Hindustan Unilever (HUL), and REC Ltd, have scheduled record dates for dividends, bonus issues, and stock splits, drawing significant attention from investors. Shareholders must own the stocks before their respective ex-dates to qualify for these benefits.
Key Highlights of Upcoming Dividends, Bonus Issues, and Splits
A range of companies are set to distribute dividends, with some of the most notable including Colgate-Palmolive offering ₹24 per share, Coal India providing ₹15.75 per share, and Ajanta Pharma paying out ₹28 per share. With record dates for these dividends and other corporate actions approaching, Coal India, HUL, and REC Ltd are expected to be in the spotlight.
What is the Record Date, and Why It Matters
The record date is crucial for shareholders, as it determines eligibility for dividends, bonus shares, and stock splits. Companies set this date to identify the shareholders entitled to receive benefits. To qualify, shareholders need to ensure that the shares are in their demat accounts by the record date. This means buying the stock at least one day before the ex-date to allow for the T+1 settlement cycle.
If shareholders purchase the stock on the ex-date, they won’t be eligible for any dividends, splits, or bonus issues offered by the company.
Dividends, Splits, and Bonuses to Watch This Week
Coal India (₹15.75 Dividend): The energy giant is issuing a substantial dividend, making it a prime focus for investors.
Colgate-Palmolive (₹24 Dividend): Known for consistent dividend payouts, Colgate-Palmolive’s record date is drawing dividend-focused shareholders.
Ajanta Pharma (₹28 Dividend): With one of the higher dividend amounts, Ajanta Pharma offers an attractive opportunity for income-seeking investors.
Hindustan Unilever (HUL) and REC Ltd are also set for record dates related to dividends and corporate actions, adding to the activity in the market this week.
How to Ensure Eligibility for Dividends and Other Benefits
To receive these corporate benefits, shareholders should:
1. Check the Record Date: Confirm the specific record date set by each company.
2. Buy Shares Before the Ex-Date: Purchase stocks at least one day before the ex-date to meet the T+1 settlement requirement.
3. Verify Eligibility in Your Demat Account: Ensure shares are credited in the demat account by the record date to receive dividends, bonus shares, or participate in a stock split.
Conclusion
With 41 companies, including Coal India, HUL, and REC Ltd, setting record dates this week, shareholders have ample opportunity to benefit from dividends, bonus issues, and stock splits. As these dates approach, investors are encouraged to review their holdings and trading timelines to maximize their eligibility for these upcoming benefits.
