LIC, Asian Paints, and HUL: 35 Stocks Set for Dividends and Bonus Issues

A significant wave of corporate actions is hitting the Indian equity markets this week, with 35 companies scheduled to turn ex-record date. From massive dividend payouts by blue-chip giants like Asian Paints to a major share buyback by Bajaj Auto, investors must ensure their holdings are in place to qualify.

Mid-Week Dividend Heavyweights: Asian Paints and HUL Lead

Tuesday, June 23, stands out as a major day for income-seeking investors, with 11 stocks turning ex-record date for dividends. Asian Paints leads the pack with a substantial final dividend of ₹23 per share. Following closely is consumer goods giant Hindustan Unilever (HUL), which will distribute ₹22 per share.

Other notable dividend payers on Tuesday include Tata Power (₹2.5 per share), Anand Rathi Share & Stock Brokers (₹5 per share), and Dalmia Bharat (₹5 per share). Investors in the hospitality and healthcare sectors should also note payouts from The Indian Hotels Company (₹3.25 per share) and Thyrocare Technologies (₹7 per share).

Bonus Issues and Bajaj Auto's Massive Buyback

Wednesday, June 24, introduces more diverse corporate actions beyond simple cash dividends. ZF Commercial Vehicle Control Systems India has set this day as the record date for a 5:1 bonus issue, offering a significant boost to the share count for eligible holders.

In a major move for large-cap investors, Wednesday is also the record date for Bajaj Auto’s ₹5,633 crore share buyback. Determining eligibility for this massive capital return requires investors to hold their positions before the cutoff. Additionally, Wheels India (₹9.14 per share) and Shankar Buildpro (₹5 per share) will turn ex-dividend on this day.

LIC and Supreme Industries Set Thursday Payouts

Thursday, June 25, will see another cluster of heavyweight dividend distributions. Supreme Industries is set to deliver the highest payout among Thursday's list, offering a final dividend of ₹25 per share. State-owned giant Life Insurance Corporation of India (LIC) will pay ₹10 per share, while IndusInd Bank will distribute ₹1.5 per share.

The Thursday list is extensive, featuring several high-value payouts including Care Ratings (₹14 per share), Nippon Life India AMC (₹12.5 per share), and Alkyl Amines Chemicals (₹10 per share). Other notable names include Dr Lal Pathlabs (₹4 per share), Syngene International (₹1.25 per share), and Sona BLW Precision Forgings (₹1.8 per share).

Understanding the Record Date

For all these corporate actions—whether it is a dividend, a bonus issue, or a buyback—the "record date" is the critical deadline. To be eligible for these benefits, an investor must have the shares credited to their demat account on or before this date. As the list remains tentative, investors are advised to monitor further announcements from their portfolio companies.

Key Takeaways

  • Major Payouts: Asian Paints (₹23) and Supreme Industries (₹25) are among the highest dividend payers this week.
  • Diverse Actions: The week includes not just dividends, but also a 5:1 bonus issue from ZF Commercial and a ₹5,633 crore buyback by Bajaj Auto.
  • Eligibility Rule: Investors must hold the respective stocks in their demat accounts on the specified record date to qualify for any benefits.