A Portfolio’s Quiet Reward—Will You Catch the July 11 Dividend Wave?

Image Source: MTrading

Friday, July 11, marks a key date for incomefocused investors as 23 Indian stocks are set to trade exdividend. To qualify for the announced payouts, shareholders must own these stocks before the exdate.

Key highlights:

Atul leads the pack with a final dividend of ₹25 per share
Nilkamal follows with ₹20, while Jenburkt Pharmaceuticals offers ₹18
Zensar Technologies and DLink (India) announce ₹11 and ₹15 respectively
IDFC First Bank, Shriram Finance, and Apollo Tyres declare modest dividends ranging from ₹0.25 to ₹5

Sectoral spread:

Pharma: Zydus Wellness (₹6), Jenburkt (₹18), Artemis Medicare (₹0.45)
Finance: IDFC First Bank (₹0.25), Indus Finance (₹0.50), Geojit Financial (₹1.50), Shriram Finance (₹3)
Manufacturing: Balkrishna Industries (₹4), Kirloskar Ferrous (₹2.50), Mahindra Logistics (₹2.50), Sobha (₹3)
Tech & IT: Zensar Technologies (₹11), Xchanging Solutions (₹2)
Others: UPL (₹6), Can Fin Homes (₹6), PTL Enterprises (₹1.75), Roto Pumps (₹0.80), Sarthak Metals (₹0.50), Toss The Coin (₹2.50 interim)

Investor note:

The exdividend date determines eligibility for dividend payouts. Stocks purchased on or after July 11 will not qualify. Record dates for most coincide with the exdate, reinforcing the need for timely action.

Sources: Business Standard, Goodreturns, Trade Brains, Livemint, BSE India, PTI