Nine companies including Indus Towers and Majestic Auto are scheduled to trade ex-dividend on Monday, presenting income-focused investors with a fresh batch of payouts totalling over ₹91.5 per share amidst steady dividend declarations.
Nine companies are set to trade ex-dividend on Monday, August 10, according to the corporate action calendar, giving income-focused investors a fresh batch of payouts to track. The list includes Indus Towers, Jio Financial Services, PTC India, RITES, AVT Natural Products, Central Mine Planning & Design Institute, Majestic Auto, Styrenix Performance Materials and West Coast Paper Mills. No stock split, bonus issue or special dividend is scheduled for the day; the announcements are regular interim or final payouts.
Majestic Auto stands out with the largest dividend on the list at ₹25 per share. Moneycontrol and LiveMint both show that the company previously declared a special dividend of ₹35 per share in February, followed by a final dividend of ₹25 per share announced on May 25, with the ex-dividend date falling on August 10. In dividend terms, the ex-dividend date is the first day a buyer is no longer entitled to the next payout, while the record date is used by the company to identify eligible shareholders.
Indus Towers has also drawn attention, with its ₹14 per share dividend adding to a history that includes steady payouts and a reported annual dividend yield of 3.52%, according to INDmoney. The company has also been in focus for its share buyback programme, which LiveMint and EquityPandit reported as a separate corporate action. Taken together, the nine companies on Monday’s list have declared dividends totalling ₹91.51 per share.
Disclaimer: This article is intended to inform and educate, not to recommend or endorse any financial product, investment or strategy. Please consider your own financial circumstances and seek professional advice where appropriate before making financial decisions.
