LIC, Asian Paints & More: 35 Stocks to Turn Ex-Record Date This Week

Investors looking to benefit from corporate actions must act swiftly this week as 35 companies, including blue-chip heavyweights, have set record dates for dividends, bonus issues, and buybacks. To qualify for these benefits, shareholders must ensure they hold the necessary shares in their demat accounts before the respective ex-record dates.

High-Yield Dividends from Asian Paints and HUL

Tuesday, June 23, stands out as a significant day for dividend seekers, with 11 stocks turning ex-record date. Leading the pack in terms of payout value is Asian Paints, which has announced a final dividend of ₹23 per share. Following closely is consumer goods giant Hindustan Unilever (HUL), which will distribute ₹22 per share to its eligible investors.

Other notable dividend payouts scheduled for Tuesday include Tata Power at ₹2.5 per share, Thyrocare Technologies at ₹7 per share, and Anand Rathi Share & Stock Brokers and Dalmia Bharat, both offering ₹5 per share. Smaller players like GNA Axles (₹3 per share) and Master Components (₹0.75 per share) also join the list.

Major Corporate Actions: Bajaj Auto Buyback and ZF Bonus Issue

Wednesday, June 24, features high-impact corporate actions beyond standard dividends. ZF Commercial Vehicle Control Systems India has fixed this date for its 5:1 bonus issue, offering a significant increase in share count for eligible holders.

In the buyback segment, Wednesday is a critical day for Bajaj Auto shareholders. The company has set this date to determine eligibility for its massive ₹5,633 crore share buyback program. Additionally, Wheels India and Shankar Buildpro will turn ex-dividend, with payouts of ₹9.14 and ₹5 per share, respectively.

LIC and IndusInd Bank Lead Thursday's Dividend Wave

Thursday, June 25, will see a large cluster of heavyweight stocks going ex-dividend. Life Insurance Corporation of India (LIC) is set to distribute a final dividend of ₹10 per share, while banking major IndusInd Bank will pay ₹1.5 per share.

Interestingly, Supreme Industries emerges as a high-payout leader for the day, offering a substantial ₹25 per share. Other significant announcements for Thursday include Care Ratings (₹14 per share), Nippon Life India AMC (₹12.5 per share), and Alkyl Amines Chemicals (₹10 per share). A long list of mid-cap stocks, including Dr Lal Pathlabs (₹4 per share) and Sona BLW Precision Forgings (₹1.8 per share), will also cross their record dates.

Key Takeaways

  • Major Payouts: Asian Paints (₹23) and Supreme Industries (₹25) lead the week in terms of per-share dividend value.
  • Non-Dividend Actions: Investors should watch ZF Commercial Vehicle for a 5:1 bonus issue and Bajaj Auto for its ₹5,633 crore buyback eligibility.
  • Eligibility Rule: To participate in any of these corporate actions, shares must be held in the investor's demat account on or before the specified record date.