This means today will be the last day to buy the shares of these companies in order to be able to qualify for the dividends announced by them.
Dividends are paid to the shareholders who are listed in the company’s records on the record date. For the eligibility of the dividends, shares of the company must be purchased at least one day before the ex-date, as transactions settle the next day.
T D Power Systems
The board of directors of T D Power Systems had declared an interim dividend of Rs 0.60 per share earlier in the month of October, later fixing November 11 as the record date for determining the shareholder eligibility.“The Board of Directors of the Company at their meeting held today considered, inter alia the following: Declared the interim dividend of Rs 0.60 per equity share of Rs 2/- each to equity shareholders of the company for the financial year ending March 31, 2025,” said the company in an exchange filing.
In the past 12 months, TD Power Systems has declared an equity dividend amounting to Rs 1.10 per share and at a share price of Rs 431.85, TD Power Systems’ dividend yield is 0.25%, according to the Trendlyne data.
The shares of T D Power Systems closed 1.5% lower at Rs 431.65 on Thursday on the BSE.
DCM Shriram
The board of directors of DCM Shriram had declared an interim dividend of Rs 2 per share earlier in the month of October and fixed November 11 as the record date for determining shareholder eligibility.
“The Board of Directors has, inter-alia, approved the following: Declaration of Interim Dividend for the Financial Year 2024-25 on the paid-up equity share capital of the Company @ 100% (Rs.2/- per equity share of face value of Rs.2/- each). As already intimated vide our letter dated October 22, 2024, the Record Date fixed for the purpose of the said Interim Dividend shall be November 11, 2024,” said the filing to the exchanges.
The company further informed that the dividend will be paid to the eligible shareholders on or before November 28.
According to the Trendlyne data, in the past 12 months, DCM Shriram has declared an equity dividend amounting to Rs 6.60 per share and at a share price of Rs 1,255, the company’s dividend yield is 0.53%.
The shares of DCM Shriram closed 12.5% higher at Rs 1,256.15 on the BSE on Thursday.
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