Dividend and Bonus Alert: 35 Stocks Including LIC and Asian Paints Turn Ex-Record Date

A significant wave of corporate actions is hitting the Indian equity markets this week, with 35 companies scheduled to go ex-record date. From high-value dividends to bonus issues and massive buybacks, investors need to ensure their holdings are in place to qualify for these benefits.

Mid-Week Dividend Heavyweights: Asian Paints and HUL Lead

Tuesday, June 23, stands out as a major day for dividend seekers, featuring several blue-chip companies. Asian Paints has emerged as a top performer in terms of payout, announcing a final dividend of Rs 23 per share. Following closely is consumer goods giant Hindustan Unilever (HUL), which will distribute Rs 22 per share.

Other notable dividend payouts scheduled for Tuesday include:

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

Special Corporate Actions: Bonus Issues and Bajaj Auto Buyback

Wednesday, June 24, moves beyond simple dividends to include more complex corporate maneuvers. ZF Commercial Vehicle Control Systems India has fixed this day as the record date for a significant 5:1 bonus issue, offering additional shares to existing shareholders.

Furthermore, Wednesday is a critical deadline for Bajaj Auto investors. The company has fixed this date to determine eligibility for its massive Rs 5,633 crore share buyback program. Investors looking to participate in this capital return scheme must ensure their eligibility is confirmed by this cutoff.

Thursday’s Major Payouts: LIC and Supreme Industries

The momentum continues into Thursday, June 25, with heavyweights like Life Insurance Corporation of India (LIC) and IndusInd Bank turning ex-record date. LIC is set to pay a final dividend of Rs 10 per share, while IndusInd Bank will distribute Rs 1.5 per share.

In terms of pure value per share, Supreme Industries leads the Thursday pack with a substantial final dividend of Rs 25 per share. Other significant payouts on this day include:

  • Care Ratings: Rs 14 per share
  • Nippon Life India AMC: Rs 12.5 per share
  • Alkyl Amines Chemicals: Rs 10 per share
  • Dr Lal Pathlabs: Rs 4 per share

Essential Investor Checklist

As these corporate actions unfold, it is vital for retail and institutional investors to remember that "ex-record date" means the stock will trade without the value of the dividend or bonus attached. To be eligible for these benefits, shares must be held in the investor's demat account on or before the specified record date. With 35 companies involved in this short window, checking your portfolio against the specific dates is crucial to avoid missing out on these value-accretive events.

Key Takeaways

  • Top Dividend Yields: Asian Paints (Rs 23) and Supreme Industries (Rs 25) are among the highest per-share dividend payers this week.
  • Bonus & Buybacks: Investors should watch ZF Commercial Vehicle for a 5:1 bonus and Bajaj Auto for its Rs 5,633 crore buyback eligibility.
  • Timing is Critical: To qualify for any of these actions, shares must be held in your demat account by the specific record date assigned to each company.