Info Edge-owned Naukri and Deepak Nitrite, among a host of other companies, are likely to remain in focus today, as they have declared July 29 as the record date for determining the eligible shareholders for dividend payment.
This means that today is the last day to buy shares of these companies to qualify for the announced dividends."
Info Edge
Info Edge’s board declared a dividend of Rs 12 per share for all its eligible shareholders earlier in May.
“The Board has approved date of the 29th Annual General Meeting as Wednesday, August 28, 2024.The Board has also recommended a Final Dividend of Rs. 12/- per share (on face value of Rs.10/- per share) for the financial year 2023-24 subject to declaration of the same by the members at the 29th Annual General Meeting of the Company,” the company had announced via a previous filing to the exchanges.
The dividend will be credited to the demat accounts of shareholders on or before September 5. In the past 12 months, Info Edge has declared an equity dividend totaling Rs 19.
This includes a final dividend of Rs 9 paid in July 2023 and a final dividend of Rs 10 paid in November 2023, according to Trendlyne data.
Shares of Info Edge closed 1% higher at Rs 7,020 on the BSE in the last trading session.
Deepak NitriteThe board of Deepak Nitrite in May announced a dividend of Rs 7.50 per share for its shareholders.
“The Board of Directors of the Company, at their Meeting held today i.e. 20th May, 2024, have recommended, for approval by the shareholders, a dividend of Rs 7.501- (Rupees Seven and Fifty Paisa Only), being 375%, per equity share for the year ended March 31,2024 on 13,63,93,041 equity shares of face value of Rs 2/- (Rupees Two only) each,” said the company in a filing to the exchanges.
The company has also fixed July 29 as the record date for determining shareholder eligibility, according to the StockEdge data.
Shares of Deepak Nitrite closed 2% higher at Rs 2,955.80 on BSE.
Dividends are paid to shareholders whose names appear in the company's database on the record date. With the implementation of the T+1 framework, the record date and ex-date are typically the same, unless there is a market holiday following the ex-date.
Shareholders who purchase the stock at least one day before the ex-date are eligible for dividends, as settlement occurs the next day. Those who buy the stock on the ex-date are not eligible for dividends.
Here is a list of other stocks, according to StockEdge, that will start trading on an ex-dividend basis from Monday:
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