Last Chance to Receive Dividends Up to ₹27: The record date for Tata Investment, Asian Paints, and Indian Bank is today, June 10th. Shareholders of these companies can still hold their shares until today to be eligible for the dividend.
Stock Market: Today is a significant day for investors in the stock market, as major companies like Tata Investment, Asian Paints, and Indian Bank have declared June 10th as the record date for dividends. Investors who purchase shares of these companies by today can benefit from the upcoming dividend. Additionally, three other Tata Group companies have a record date of June 12th. Let's find out which companies are offering which dividends and why record dates are important.
Final Date for Dividend Receipt: Record Date Set for June 10th
A significant opportunity has arisen for investors in the stock market. Tata Investment, Asian Paints, and Indian Bank have announced June 10th as the record date for dividends. This means that if an investor holds these companies' shares in their demat account on or before today, they will be entitled to receive the declared dividend.
Specifically, Tata Investment has announced an attractive dividend of ₹27 per share, considered the largest dividend of this season. Indian Bank has declared a dividend of ₹16.25 per share, while Asian Paints' dividend is set at ₹20.55 per share.
Dividend and Record Date Details of Major Companies
- Tata Investment - June 10th
- Asian Paints - June 10th
- Indian Bank - June 10th
- Vesuvius India Ltd - June 10th
- JCHAC - June 10th
- Trent - June 12th
- Tata Elxsi - June 12th
- Tata Chemicals - June 12th
Three other large Tata Group companies, Trent, Tata Elxsi, and Tata Chemicals, have set June 12th as the record date for dividends. These companies are also prepared to provide investors with the benefit of dividends.
What is a Record Date and Why is it Important?
Companies set a record date for dividends or other benefits such as bonus shares or stock splits. The record date is the date on which the company determines which shareholders are entitled to receive the dividend. If an investor has the company's shares in their account on this day, they are eligible for the dividend.
This also means that if you buy shares after the record date, you will not receive the dividend this time. Therefore, it is essential to buy shares before the record date.
Benefits of Dividends for Investors
Dividends provide a stable source of income for investors. Through this, they receive a share in the profits of the companies. Shares of companies that offer high dividends are often more popular among investors because they offer the prospect of capital gains alongside dividends. This opportunity is particularly important for investors who invest in the stock market for regular income.
Impact of Dividends on the Market
Share prices often see an increase around the record date for dividends. This is because investors buy shares before the record date to receive the dividend. Because of this, the demand for large shares like Tata Investment, Asian Paints, and Indian Bank may increase. However, share prices often fall after the record date because the number of shareholders decreases after receiving the dividend.
Suggestions for Investors
- Keep an eye on the record date: If you want to take advantage of the dividend, buy shares before the record date.
- Keep an eye on the company's financial performance: Along with the dividend, check the company's financial health to ensure your investment is secure.
- Think long-term: Dividends are only one source of income, so consider the company's long-term growth when buying shares.
- Understand the market situation: Invest only after understanding market fluctuations and economic conditions.
