3M India, M&M, Tata Communications, Apollo Tyres, and several other companies are expected to remain in focus this week as they approach their record dates for dividend payments.
Dividends are paid to shareholders whose names appear in the company's database on the record date. Following the implementation of the T+1 settlement framework, the record date and ex-date are typically the same in most cases, barring any market holidays immediately after the ex-date.
Shareholders who purchase the stock at least one day before the ex-date are eligible for dividends, as settlement occurs on the ex-date itself. Those who buy the stock on the ex-date itself are not eligible for dividends.
Here is a list of companies whose shares will be trading ex-dividend this week:
GHCL will be paying a dividend of Rs 12 per share to its eligible shareholders. The record date for this dividend is July 1st.
The company declared a dividend of Rs 0.50 per share, and the record date for this dividend is July 1st.
Tata Communications has announced a dividend of Rs 16.70 per share, with the record date set for July 1st.
Geojit Financial Services will be paying Rs 1.50 per share as the dividend amount. The company has set July 1st as the record date for this dividend.
The company has announced a dividend of Rs 5 per share, with the record date set for July 2nd.
The company will be paying a dividend of Rs 2 per share, with the
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