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

Investors in the Indian equity markets face a busy week as approximately 35 companies, including blue-chip giants like LIC and Asian Paints, have set record dates for various corporate actions. From lucrative dividends to bonus issues and massive buybacks, this week offers significant opportunities for shareholders to enhance their portfolio value.

High-Value Dividends from Blue-Chip Giants

Tuesday, June 23, stands out as a major day for dividend seekers, featuring several market heavyweights. Asian Paints leads the pack with a substantial final dividend of ₹23 per share. Following closely is Hindustan Unilever (HUL), which has announced a final dividend of ₹22 per share.

Other notable dividend payouts scheduled for Tuesday include:

  • Tata Power: ₹2.5 per share
  • Thyrocare Technologies: ₹7 per share
  • The Indian Hotels Company: ₹3.25 per share
  • Anand Rathi Share & Stock Brokers & Dalmia Bharat: ₹5 per share each

LIC and IndusInd Bank Lead Thursday’s Corporate Actions

Thursday, June 25, is another pivotal day for large-cap investors. Life Insurance Corporation of India (LIC) will turn ex-record date for a final dividend of ₹10 per share. Banking major IndusInd Bank is also scheduled to pay a final dividend of ₹1.5 per share.

The highest dividend payout among Thursday's cohort comes from Supreme Industries, which is distributing ₹25 per share. Other significant announcements include Care Ratings at ₹14 per share, Nippon Life India AMC at ₹12.5 per share, and Alkyl Amines Chemicals at ₹10 per share.

Bonus Issues and Major Buybacks to Watch

Beyond cash dividends, investors should keep a close eye on Wednesday, June 24, for non-cash corporate actions and capital returns. ZF Commercial Vehicle Control Systems India has fixed this day for its 5:1 bonus issue, which increases the total number of shares held by investors.

Additionally, Wednesday is the critical record date for Bajaj Auto’s massive ₹5,633 crore share buyback. Shareholders must hold their positions by this date to be eligible to participate in this significant capital return program.

Summary of Key Dates and Actions

For those managing a diversified portfolio, the week is structured as follows:

  • Monday (June 22): Early dividend payouts from DMR Engineering (₹0.14), Panasonic Carbon India (₹12), and Sangam India (₹2).
  • Tuesday (June 23): High-volume dividend day for Asian Paints, HUL, and Tata Power.
  • Wednesday (June 24): Focus on ZF Commercial's bonus issue and Bajaj Auto's buyback.
  • Thursday (June 25): Heavyweight dividend day for LIC, IndusInd Bank, and Supreme Industries.

Key Takeaways

  • Diversified Corporate Actions: This week features a mix of high-value dividends (Asian Paints, HUL), bonus issues (ZF Commercial), and large-scale buybacks (Bajaj Auto).
  • Eligibility Requirement: To qualify for any of these benefits, investors must ensure the shares are held in their demat accounts on or before the specific record date mentioned for each company.
  • Major Payout Leaders: Supreme Industries (₹25) and Asian Paints (₹23) are the standout performers in terms of per-share dividend amounts this week.