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Upcoming Dividend Stocks: Stocks of many prominent companies spanning from PSU banks to consumer and media will trade ex-date this week, between January 19 to January 23. Among the prominent names are Bank of Maharashtra, Centra Bank of India, Angel One, ICICI Prudential Asset Management Company, D.B. Corp, etc.
Only those investors who have the shares of the company on the record date will be eligible for the specified dividend, as their names must come in the register of the company. In India, due to T+1 system, investors must purchase shares of the company one day before the ex-date to be eligible for dividend.
Among public sector lenders, Bank of Maharashtra has announced an interim dividend of Rs 1 per share, with January 20 set as both the
ex-date and record date. Another PSU bank, Central Bank of India, will go ex-dividend on January 23 for an interim payout of Rs 0.20 per share.
On the power and mining side, NLC India Ltd has declared a relatively higher interim dividend of Rs 3.60 per share, with January 20 as the key date.
Brokerage major Angel One Ltd stands out with a hefty interim dividend of Rs 23 per share, going ex-dividend on January 21. Asset management major ICICI Prudential Asset Management Company Ltd has also announced an interim dividend of Rs 14.85 per share, scheduled for the same date.
Media company D. B. Corp Ltd will trade ex-dividend on January 22, offering Rs 2 per share. Havells India Ltd has also declared an interim dividend, with January 23 as the ex-date.
Lone Stock Split
Small-cap Jonjua Overseas Ltd has announced a 5:40 bonus issue, while United Van Der Horst Ltd will undergo a stock split from Rs 5 to Rs 1, both effective January 22–23.
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(Source: BSE Corporate Actions)
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