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Thirty-one companies, including Cochin Shipyard, Oil India, MRF, Power Finance Corporation (PFC), Manappuram Finance and Page Industries, have scheduled record dates between November 16 and November 20. The calendar covers interim dividends, stock splits, buybacks and other corporate actions.
Cochin Shipyard and Shipping Corporation of India will turn ex-record date on Monday, November 16. Cochin Shipyard announced an interim dividend of Rs. 6 per share, while Shipping Corporation of India will pay Rs. 4 per share.
Page Industries has the largest announced payout this week. The Jockey licensee has fixed Wednesday, November 18, as the record date for its Rs. 150-per-share interim dividend. AK Capital Services will also turn ex-record date on November 18. The company has announced an interim dividend of Rs. 18 per share.
PFC and MRF will turn ex-record date on Tuesday, November 17. PFC has declared an interim dividend of Rs. 4.10 per share, while MRF will pay Rs. 3 per share.
Oil India, Ashok Leyland and PDP Shipping & Projects will turn ex-record date on Friday, November 20. Oil India has announced an interim dividend of Rs. 7 per share. Other companies with dividend record dates during the week include Ingersoll-Rand India, Prevest Denpro, Manappuram Finance, and Venus Pipes & Tubes.
The record date determines which shareholders are eligible to receive a declared dividend. Investors must hold the shares before the ex-date to qualify; a purchase made on the ex-date generally does not make the buyer eligible for that payout.
Dividend payments are made after the record date, on dates announced separately by each company. Investors should also check the company’s exchange filings for the final payment schedule and any changes to the corporate-action calendar.
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