Last Chance to Buy Shares of Shree Cement, Colgate Palmolive, and Oracle Financial to Qualify for Dividend
Shares of Shree Cement Ltd., Colgate Palmolive India Ltd. and Oracle Financial Services Ltd. are among the top stocks to watch on Friday, 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.
What is the Record Date and Ex-Dividend Date?
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 Nov. 3, then shares must be purchased by Oct. 31.
The ex-dividend date, which typically coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.
Dividend Payments of Top Stocks
Oracle Financial will pay an interim dividend as high as Rs 130 per share.
Here are the dividend payments of the top stocks:
- Colgate Palmolive (India): Interim Dividend – Rs 24
- DCM Shriram: Interim Dividend – Rs 3.6
- Oracle Financial Services Software: Interim Dividend – Rs 130
- Shree Cement: Interim Dividend – Rs 80
- Supreme Industries: Interim Dividend – Rs 11
What are Dividends and How Do They Work?
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.
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 dividend stocks, you can visit our website.
Upcoming Record Dates
Mazagon Dock Shipbuilders Ltd., Hindustan Petroleum Corp., Coal India Ltd., Dabur India Ltd and Hindustan Unilever Ltd. are some companies that will record shareholders next week.
Investors can keep track of the upcoming record dates to make informed investment decisions.
Conclusion
In conclusion, investors have one last chance to buy shares of Shree Cement, Colgate Palmolive, and Oracle Financial to qualify for the interim dividend. It is essential to understand the record date and ex-dividend date to make informed investment decisions.
For more information on stock market news and investing in Indian markets, you can visit our website.
