Dividend alert! Last day to buy Power Grid, NTPC, Info Edge among 26 stocks for dividend rewards

As many as 26 companies have fixed record dates for their dividend payouts on Friday, effectively making today the last day for interested investors to buy shares of the companies to be eligible for the payouts.

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 (November 6), making them eligible for the dividend.

A busy end to the week will see Power Grid, Naukri-parent Info Edge and NTPC each turn ex-record date for interim dividend of Rs 3 per share, while NALCO will pay Rs 4.5 per share. Laurus Labs and Amrutanjan Health Care will each pay Rs 1 per share and Amara Raja Energy & Mobility will pay Rs 4.3 per share. MOIL will pay Rs 2.2 per share, while Kewal Kiran Clothing will pay Rs 2 per share.


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Care Ratings has fixed Friday as the record date for its interim dividend of Rs 10 per share, while Sundram Fasteners will pay an interim dividend of Rs 4.05 per share. Several other notable companies have fixed Friday as the record date for their interim dividends, including Kaveri Seed Company (Rs 5 per share), Happiest Minds Technologies (Rs 3.05 per share), Cyber Media Research & Services (Rs 2 per share), Manba Finance (Rs 0.25 per share), and Qgo Finance (Rs 0.15 per share).

Additionally, Ramkrishna Forgings (Rs 2 per share), Crizac (Rs 4 per share), Flair Writing Industries (Rs 0.5 per share), Gabriel India (Rs 2.15 per share), Gopal Snacks (Rs 0.5 per share), Indus Infra Trust, Knowledge Realty Trust, Petronet LNG (Rs 7 per share), Shreeji Translogistics (Rs 0.05 per share) and Quess Corp (Rs 5 per share) will also turn ex-record date for their respective dividend payments on Friday.

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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.