Dividend rush! Buy these 5 Adani stocks, 4 Tata Group stocks today to lap up payout rewards
More than 30 companies have set June 12 as the record date for their respective dividends cumulatively worth nearly Rs 300 per share.
As many as five Adani Group companies and four Tata Group companies are part of the long list.Only those shareholders who own the shares of the companies in their demat accounts as of Friday will be eligible to receive the bonus shares.
Due to SEBI's T+1 settlement norm, investors must buy a company's shares at least one trading day before the record date to ensure they are credited to their demat accounts by that date and thus be eligible for the corporate action.
This effectively makes today the last date for investors to buy the shares to be eligible for the dividends.Adani Group stocks turning ex-record date for dividends tomorrowACC, Adani Enterprises, Adani Ports and Special Economic Zone (APSEZ), Adani Total Gas, and Ambuja Cements are the five Adani Group companies that have fixed June 12 as the record date for their respective dividends.ACC late in April had announced a dividend of Rs 7.5 per share with a face value of Rs 10 each for the financial year 2026.
APSEZ will also pay a dividend of Rs 7.5 per share.
Shares of Adani Group’s flagship company, Adani Enterprises, meanwhile, are set to turn ex-record date to a dividend of Rs 1.3 per share tomorrow.Ambuja Cements and Adani Total Gas will pay dividends of Rs 2 per share and Rs 0.25 per share, respectively.Tata Group stocks turning ex-record date for dividends tomorrowTata Motors, Tata Steel, Trent, and Voltas from the Tata Group also have fixed June 12 as the record date for their respective dividends, making today effectively the last day for investors to buy the stocks to be eligible for the payment.Tata Motors, Tata Steel, and Voltas will each pay dividends worth Rs 4 per share, while Zudio and Westside-parent Trent will pay a dividend of Rs 6 per share.
This comes after Trent shares turned ex-record date last week for its first-ever 1:2 bonus issue, causing the stock price to appear nearly 34% lower due to the adjustment.Also read: Here's how Trent's bonus math worksApart from the companies part of the two conglomerates, several other firms also have fixed June 12 as the record date for their dividends.
Some of the notable names among them include Canara Bank (Rs 4.2 per share), ICICI Prudential Asset Management Company (Rs 12.4 per share), JM Financial (Rs 1.75 per share), Piramal Finance (Rs 11 per share), and Punjab National Bank (Rs 3 per share).Also read: Infosys, Adani Enterprises, Trent among 44 stocks going ex-date this week.
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