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

A massive wave of corporate actions is hitting the Indian equity markets this week, with approximately 35 companies scheduled to turn ex-record date. From heavyweights like LIC and HUL to bonus issues and massive buybacks, investors must ensure their holdings are in their demat accounts to qualify for these benefits.

High-Value Dividends from Blue-Chip Giants

The middle of the week promises significant payouts for shareholders of several consumer and industrial leaders. On Tuesday, June 23, investors in Asian Paints stand to receive a substantial final dividend of ₹23 per share. Following closely is Hindustan Unilever (HUL), which has fixed a final dividend of ₹22 per share.

Other notable dividend payouts scheduled for Tuesday include:

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

Mid-Week Bonus Issues and Bajaj Auto's Mega Buyback

Wednesday, June 24, is a critical day for investors looking for capital appreciation through non-cash benefits. ZF Commercial Vehicle Control Systems India has set this day as the record date for its 5:1 bonus issue, meaning shareholders will receive five additional shares for every one they hold.

Furthermore, Wednesday serves as the eligibility deadline for Bajaj Auto’s massive ₹5,633 crore share buyback. Investors looking to participate in this significant liquidity event must ensure their eligibility is confirmed by this record date. Additionally, Wheels India will turn ex-dividend with a payout of ₹9.14 per share.

Thursday’s Heavyweights: LIC and IndusInd Bank

The flurry of activity continues on Thursday, June 25, with several large-cap stocks transitioning to ex-record dates. The Life Insurance Corporation of India (LIC) is set to distribute a final dividend of ₹10 per share, while IndusInd Bank will pay ₹1.5 per share.

Interestingly, Supreme Industries leads the Thursday cohort with the highest dividend payout among the listed group, offering ₹25 per share. Other significant payouts on Thursday include:

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

For retail and institutional investors alike, timing is everything. To be eligible for any of these dividends, bonus shares, or buybacks, an investor must hold the shares in their demat account on the specific record date mentioned. Because these dates determine eligibility, the stock price often adjusts on the "ex-date," making it essential to track these schedules closely to avoid missing out on accruals.

Key Takeaways

  • Diverse Corporate Actions: The week features a mix of high-value dividends (Asian Paints, HUL), bonus issues (ZF Commercial), and a major buyback (Bajaj Auto).
  • Top Dividend Earners: Supreme Industries (₹25) and Asian Paints (₹23) lead the pack in terms of per-share dividend payouts.
  • Investor Action Required: To qualify, shares must be held in the demat account on or before the specific record dates assigned to each company.