More than 15 stocks, including multiple Nifty 50 constituents, are set to see record dates for their respective corporate actions announced earlier, alongside their fourth quarter results. While most of these corporate actions pertain to final dividend announcements, some also include bonus issue awards as well. Here's a look at the companies set to see corporate actions this week:
Sundaram Finance | The company had announced a final dividend of ₹24 per share alongside its fourth quarter results, which is the highest payout announced on record for its shareholders. The record date for the same is Monday, July 6, which means, the stock will trade ex-dividend from today. Only those shareholders, who had the stock in their demat account as of last Friday's close, will be eligible for the dividend payout. Those buying the share today, will not be eligible.
Cera Sanitaryware | The company had also announced a record dividend payout for its shareholders, which was a final dividend of ₹75 per share. The record date for this dividend payout is Tuesday, July 7.
JSW Steel and Sun Pharma are the two Nifty 50 constituents whose final dividend payouts of ₹7.1 per share and ₹5 per share respectively, will have their record dates on Tuesday, July 7. Alongside them, Dodla Dairy's final dividend of ₹5 per share will also have a record date of July 7.
Mphasis, the underperforming midcap IT stock had also announced a final dividend of ₹62 per share, and the record date for this has been fixed as Wednesday, July 8. This is also the highest dividend payout announced by the company for its shareholders. Along with Mphasis, United Spirits has also fixed July 8 as the record date for its final dividend payout of ₹11 per share for its shareholders.
Two companies will see their respective record dates on Thursday, July 9. They include Nifty 50 constituent Titan, who announced a dividend of ₹15 per share, and RPG Life, who announced a final dividend of ₹24 per share for its shareholders.
Goldiam International | The first ever bonus issue announced by the company will be in the ratio of 1:3, meaning shareholders will be eligible to receive one bonus share for every three shares they own as on the record date, which has been fixed as Friday, July 10.
Five other companies will see their record dates for their respective final dividend payouts on Friday, July 10. They include D-Link (India), who also announced a special dividend of ₹7.5 per share, taking the total payout to ₹27.5 per share. Other companies include JK Cement (Final Dividend of ₹20 per share), Hindalco (Final Dividend of ₹5 per share), Nilkamal (Final Dividend of ₹20 per share), and VST Industries (Final Dividend of ₹12 per share).