Last Chance to Buy: LTIMindtree, Waaree Energies, HDB Financial Services Dividend Stocks
Shares of LTIMindtree Ltd., Waaree Energies Ltd., and HDB Financial Services Ltd. are among the eight that will be of interest on Thursday, as it marks the last session for investors to buy shares to qualify for receiving the interim dividend before the stock goes ex/record-date.
Record Date and Ex-Dividend Date: Understanding the Basics
The record date determines shareholder eligibility to receive a dividend. Under India’s T+1 settlement cycle, shares purchased on the record date itself will not qualify for the dividend payment. Hence, as the record date of these dividend stocks is Oct. 24, then shares must be purchased by Oct. 23.
The ex-dividend date, which typically coincides with the record date, marks when the share price adjusts to reflect the upcoming payout. To know more about the dividend stocks and their impact on the market, visit our website.
Dividend Payouts: A Reward for Shareholders
Dividends are a way for companies to reward shareholders. It is the portion of profits that a company distributes to its shareholders and is essentially a return on the investment shareholders make in the company’s equity. Such payments are made through final, interim, and special dividends.
For instance, LTIMindtree has announced an interim dividend of Rs 22, while Waaree Energies has announced an interim dividend of Rs 2. To get the latest updates on HDB Financial Services and other dividend-paying stocks, follow our stock market news section.
Other Dividend-Paying Stocks
- Thyrocare Technologies: Interim Dividend – Rs 7
- Indian Railway Finance Corp: Interim Dividend – Rs 1.05
- Cyient: Interim Dividend – Rs 16
- Kajaria Ceramics: Interim Dividend – Rs 8
- Accelya Solutions India: Final Dividend – Rs 40
To learn more about these stocks and their dividend payouts, visit our dividend-paying stocks page.
Dividend Taxation: What You Need to Know
Dividends are taxable in the hands of the shareholders, and companies are no longer required to pay the Dividend Distribution Tax (DDT). The TDS on dividend income for resident individuals is 10% if the dividend amount exceeds Rs 5,000 in a financial year.
For more information on taxation on dividend income, visit our website and stay updated on the latest developments in the Indian stock market.
Conclusion
In conclusion, investors have one last chance to buy shares of LTIMindtree, Waaree Energies, and HDB Financial Services to qualify for the interim dividend payout. It is essential to understand the record date, ex-dividend date, and dividend taxation to make informed investment decisions.
Stay ahead of the curve with our stock market analysis and expert insights. Visit our website to learn more about the Indian stock market trends and make informed investment decisions.
