Dividend alert! Last day to buy HDB Financial, Tech Mahindra, LTM among 10 stocks for dividend rewards

As many as 10 stocks are set to turn ex-record date for dividends on Friday, effectively making today the last day for interested investors to buy the shares to be eligible for the payments.

Under Sebi’s T+1 settlement cycle, investors need to purchase a company’s shares at least one trading day before the record date to ensure the shares are credited to their demat accounts in time, and they become eligible for the corporate action. Accordingly, today is the last opportunity for investors to buy the shares so that they are credited to their accounts by the record date (October 23), making them eligible for the dividend.

LTI Mindtree dividend

LTI Mindtree accounts for the highest dividend payout among all the companies which have fixed record dates for their respective dividends on October 23. The company will pay an interim dividend of Rs 25 per share. It has declared 22 dividends since 2016, and its dividend yield currently stands at 1.75%, according to Trendlyne data.


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Tech Mahindra dividend

Tech Mahindra is also among the list of companies which have fixed October 21 as the record date for the dividends. The IT company will pay an interim dividend of Rs 15 per share. It has declared 32 dividends since March, 2007 and the company has a dividend yield of 1.97%.

Other dividend stocks

ICICI Lombard General Insurance Company will pay an interim dividend of Rs 7 per share, while HDB Financial Services will pay Rs 2 per share. Indian Railway Finance Corporation (IRFC) will pay Rs 1.15 per share.

Other companies which have fixed Friday as the record date for their respective dividends on Friday include 360 One WAM (Rs 7.5 per share), Artemis Electricals and Projects (Rs 0.006 per share), Garuda Construction and Engineering (Rs 0.03 per share), Modison (Rs 4 per share) and Oberoi Realty (Rs 2 per share).

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Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.