LIC, Asian Paints, and HUL: 35 Stocks to Turn Ex-Record Date This Week

Investors in the Indian equity markets face a busy week ahead as 35 companies, including heavyweights like LIC and Asian Paints, have set record dates for dividends, bonus issues, and buybacks. To qualify for these corporate actions, shareholders must ensure their holdings are reflected in their demat accounts by the specified record dates.

Tuesday: Heavyweight Dividend Payouts Led by Asian Paints

Tuesday, June 23, stands out as a major day for income-seeking investors, with 11 stocks turning ex-record date. The consumer goods and industrial sectors are leading the charge with significant payouts.

Asian Paints is set to lead the pack with a final dividend of ₹23 per share, followed closely by Hindustan Unilever (HUL), which will distribute ₹22 per share. In the energy sector, Tata Power Company has announced a final dividend of ₹2.5 per share. Other notable payouts on Tuesday include Thyrocare Technologies at ₹7 per share, Anand Rathi Share & Stock Brokers at ₹5 per share, and Dalmia Bharat, which is also offering ₹5 per share.

Wednesday: Bonus Issues and Bajaj Auto’s Massive Buyback

Mid-week brings more diverse corporate actions, ranging from capital increases to share repurchases. On June 24, ZF Commercial Vehicle Control Systems India has fixed its record date for a 5:1 bonus issue, offering a significant boost to its share count for eligible holders.

The most significant event on Wednesday is Bajaj Auto’s ₹5,633 crore share buyback. Investors must meet the record date requirements to participate in this large-scale capital return program. Additionally, Wheels India will turn ex-dividend with a payout of ₹9.14 per share, while Shankar Buildpro will offer ₹5 per share.

Thursday: LIC and Supreme Industries Lead the Final Leg

Thursday, June 25, features another dense schedule of dividend distributions involving several large-cap companies. Life Insurance Corporation of India (LIC) is scheduled to pay a final dividend of ₹10 per share, a key date for many institutional and retail investors.

Among the highest payers on Thursday is Supreme Industries, which will distribute a substantial ₹25 per share. Other significant dividends include Care Ratings at ₹14 per share, Nippon Life India AMC at ₹12.5 per share, and Alkyl Amines Chemicals at ₹10 per share. The financial and healthcare sectors are also represented, with IndusInd Bank paying ₹1.5 per share and Dr Lal Pathlabs offering ₹4 per share.

Investor Checklist for Corporate Actions

As the week progresses, it is vital for investors to monitor their portfolios closely. Corporate actions like dividends and bonus issues can impact stock prices on the ex-date, and missing the record date means missing out on the immediate benefit. Since the list of companies is tentative and more announcements are expected, maintaining an updated demat account is essential for timely participation.

Key Takeaways

  • Major Dividends: Asian Paints (₹23), HUL (₹22), and Supreme Industries (₹25) are among the highest dividend payers this week.
  • Strategic Moves: ZF Commercial is executing a 5:1 bonus issue, while Bajaj Auto is managing a massive ₹5,633 crore buyback.
  • Eligibility Rule: Investors must hold the required shares in their demat accounts on or before the specific record date to qualify for any benefits.