Dividends and Bonus Issues: LIC, Asian Paints Among 35 Stocks Going Ex-Record This Week – Do You Own Any?
In the upcoming holiday-shortened week from June 22 to June 26, a significant number of corporate actions will impact a diverse array of companies, providing wealth creation opportunities for investors. A total of 35 companies, including prominent names such as Life Insurance Corporation of India (LIC), Hindustan Unilever (HUL), and Asian Paints, have set record dates for various corporate actions including dividends and bonus issues. Investors must ensure that they hold shares in their demat accounts by the record dates to qualify for these actions, which may also extend as more announcements are anticipated throughout the week.
On June 22, three companies will fix their record dates for dividends, with modest payouts ranging from Rs 0.14 to Rs 12 per share. Notably, June 23 will be pivotal with 11 stocks turning ex-record date for dividends. Asian Paints stands out with a substantial final dividend of Rs 23 per share, closely followed by Hindustan Unilever at Rs 22 per share. The robust dividend offerings from these heavyweight companies are indicative of their solid financial health and commitment to returning value to shareholders, bolstering investor confidence in their ongoing growth narratives.
Wednesday, June 24, will see ZF Commercial Vehicle Control Systems India declare a 5:1 bonus issue, a strategic move to enhance liquidity and attract more investors, while also determining eligibility for Bajaj Auto’s significant Rs 5,633 crore share buyback. This buyback demonstrates Bajaj Auto’s strong cash position and reinforces its commitment to shareholder value, which may appeal to both current and prospective investors seeking to capitalize on high-return potential in the durable automotive sector.
On June 25, LIC and IndusInd Bank will turn ex-record date for dividends of Rs 10 and Rs 1.5 per share, respectively. Notably, Supreme Industries will lead with the highest dividend payout of Rs 25 per share, reflecting its robust earnings and strong cash flow generation capabilities. The various dividends from multiple sectors, including consumer goods, banking, and industrials, signal a healthy corporate earnings environment, suggesting that investors might find value in diversifying their portfolios through these upcoming corporate actions, provided they align with broader market trends and individual financial goals.
Source: The Economic Times
(Expert Note: This report was prepared by the Wealthova team.)