Last day to buy shares of 13 companies to qualify for dividends as Aug 27 record date approaches

Investors looking to earn dividends from a range of listed companies should note that Tuesday, August 26, is the last day to purchase shares to be eligible for the payouts. These companies have set Thursday as the record date, which will determine shareholders' entitlement to dividend distributions.

Among the prominent names, Procter & Gamble Hygiene and Health Care has announced a final dividend of 650% at Rs 65 per share, one of the largest payouts in this list. Vedant Fashions has also declared a substantial dividend of 800% at Rs 8 per share, making it another highlight for income-seeking investors.

Other key companies include Jyothy Labs, which has declared a 350% dividend at Rs 3.5 per share, and Magna Electro Castings, offering a 60% dividend at Rs 6 per share. Gujarat Pipavav Port has announced a 42% dividend at Rs 4.2 per share, while Route Mobile Ltd. will distribute a 20% dividend at Rs 2 per share.


Further, several other companies have lined up moderate but steady payouts. AAA Technologies and Abirami Financial Services (India) will both reward shareholders with a 15% dividend at Rs 1.5 per share each.

Aster DM Healthcare and Diamines & Chemicals have each declared a 10% dividend at Rs 1 per share, while Speciality Restaurants has also announced a 10% dividend at Rs 1 per share. Mitsu Chem Plast has declared a smaller 2% dividend at Rs 0.2 per share, and Oriental Rail Infrastructure has declared a 10% dividend at Rs 0.1 per share.

For shareholders, the record date of August 27 means that only those who are on the company’s books as of that date will be eligible to receive the dividends.

Since August 27 is a market holiday on account of Ganesh Chaturthi, investors must complete their purchases by the close of trading on August 26 to qualify, as trades take T+1 settlement.

Also read: Nazara Tech shares plunge 28% in 4 days, breach brokerage target. What’s ahead?

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)