Indian Hotels among 5 stocks to go ex-dividend on Monday. Last day to buy shares
The shares of The
Indian Hotel
Company, among a few others, may remain in focus today, as they had set June 30 as the
record date
for the purpose of determining
shareholder eligibility
for their announced dividends.
The Indian Hotel Company announced a final
dividend
of Rs 2.25 per share earlier and announced June 30 as the record date for determining the eligible
shareholders
for the same.
'Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Monday, June 30, 2025, as the Record Date for determining entitlement of Members to final dividend for the financial year ended March 31, 2025,' the company said in an exchange filing.
The said dividend will be paid to the entitled shareholders on or after July 11.
What is a record date?
The record date for a dividend is the cut-off date set by a company to determine which shareholders are eligible to receive the dividend.
If you are listed as a shareholder in the company's books on or before the record date, you will be entitled to receive the dividend. Anyone who buys the shares after the record date will not receive the dividend.
To be eligible, investors typically need to purchase the shares at least one business day before the record date, because of the T+1 settlement cycle (in India), where trades take one working day to settle.
Other companies with record date on June 30:
CFF Fluid Control
declared a dividend of Rs 0.5
Dalmia Bharat Sugar
And Industries declared a dividend of Rs 1.5
DAR Credit
& Capital declared a dividend of Rs 0.5 per share
Sagarsoft (India) declared a dividend of Rs 2
(
Disclaimer
: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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