The dividend season in the stock market is at its peak. The upcoming week is set to be special for investors, as the ex-dividend dates for over 60 companies fall within the next few days. Several of these companies are preparing to provide double benefits to investors. Notably, three companies have announced both final and special dividends.
Companies Offering Double Dividends
Let's find out which three companies have offered double dividends to their shareholders and their respective ex-dates.
Coromandel International Limited
Coromandel International has given a significant boost to investors by declaring both a final and a special dividend. The company is set to provide a final dividend of ₹6 and a special dividend of ₹3. This amounts to a total dividend of ₹9 per share.
The ex-date for this dividend is set for July 17th. This means investors holding the company's shares in their demat accounts before July 17th will be eligible to receive the benefit.
Indian Hume Pipe Company Limited
Indian Hume Pipe Company has also announced a double dividend. The company has declared a final dividend of ₹1.8 and a special dividend of ₹4 for its investors. This totals to a payment of ₹5.8 per share.
The ex-date for this dividend is July 18th. The company is active in infrastructure and water supply projects and is known for consistently paying dividends.
Intellect Design Arena Limited
Intellect Design Arena has also joined the ranks to delight its shareholders. The company has announced a final dividend of ₹4 and a special dividend of ₹3.
The ex-date for this dividend is July 18th. The company operates in the software and banking technology sector, and its share falls under the mid-cap category.
These Companies Will Also Offer Significant Dividends
It's not just these three companies; several other well-known companies are also set to distribute dividends. Let's take a look at them.
Mahindra & Mahindra Financial Services Limited
The company has declared a dividend of ₹6.5, and its ex-date is July 15th. This company has a b presence in the NBFC sector.
TCS i.e. Tata Consultancy Services
TCS, one of the largest IT companies in the country, has declared a dividend of ₹11 per share. Its ex-date is set for July 16th.
Bharti Airtel Limited
Bharti Airtel, a prominent company in the telecom sector, has declared a dividend of ₹16. Its ex-date is July 18th. The company has recently drawn investors' attention due to the expansion of its 5G services.
Cummins India Limited
Cummins India has announced a hefty dividend of ₹33.5. Its ex-date is also July 18th. The company is a leader in the manufacturing of engines and power generation-related machines.
Dabur India Limited
Dabur, a leading company in the FMCG sector, has declared a dividend of ₹5.2. The ex-date is set for July 18th.
Dollar Industries Limited
Dollar Industries has declared a dividend of ₹3 per share. Its ex-date is July 18th.
Kotak Mahindra Bank Limited
Kotak Mahindra Bank has declared a dividend of ₹2.5. Its ex-date is July 18th. It is considered a b player in the banking sector.
Orient Electric Limited
Orient Electric has declared a dividend of ₹0.75. Its ex-date is July 18th.
Symphony Limited
Symphony Ltd has announced a dividend of ₹8 per share. The ex-date is July 18th.
TTK Healthcare Limited
TTK Healthcare has declared a dividend of ₹10. Its ex-date is July 18th.
Investor Enthusiasm is Visible
Due to the dividend season, considerable enthusiasm is being seen among investors. The shares of companies offering double dividends have seen a surge in activity. Investors who wish to benefit from the dividends of these companies still have a few days.
