LIC, Asian Paints & More: 35 Stocks Face Key Corporate Actions This Week

A significant wave of corporate actions is hitting the Indian equity markets this week, with approximately 35 companies scheduled to hit their ex-record dates. Investors should closely monitor their portfolios, as heavyweights like LIC, HUL, and Asian Paints are set to distribute dividends, while others offer bonus issues and massive buybacks.

High-Value Dividends: Asian Paints and HUL Lead the Way

Tuesday, June 23, stands out as a major day for dividend seekers. Industry giants are set to reward shareholders with substantial payouts. Asian Paints leads the pack with a final dividend of ₹23 per share, closely followed by Hindustan Unilever (HUL), which will pay ₹22 per share.

Other notable dividend announcements for Tuesday include:

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

Bonus Issues and Mega Buybacks to Occur Mid-Week

Wednesday, June 24, presents unique opportunities beyond standard cash dividends. ZF Commercial Vehicle Control Systems India has fixed this day as the record date for a 5:1 bonus issue, offering a significant increase in share count for eligible holders.

Additionally, Wednesday is a critical date for Bajaj Auto investors. The company has set the record date to determine eligibility for its massive ₹5,633 crore share buyback program. Investors looking to participate in this capital return scheme must ensure their holdings are in place before the deadline.

LIC and IndusInd Bank Set for Thursday Payouts

The momentum continues into Thursday, June 25, with several heavyweight stocks turning ex-record date. Life Insurance Corporation of India (LIC) is scheduled to pay a final dividend of ₹10 per share, a key move for retail investors holding the PSU giant.

While LIC draws attention, Supreme Industries offers the highest dividend payout among Thursday's list, distributing ₹25 per share. Other significant payouts scheduled for Thursday include:

  • Care Ratings: ₹14 per share
  • Nippon Life India AMC: ₹12.5 per share
  • Alkyl Amines Chemicals: ₹10 per share
  • IndusInd Bank: ₹1.5 per share
  • Dr Lal Pathlabs: ₹4 per share

Investor Checklist for Corporate Actions

To benefit from these dividends, bonus issues, or buybacks, investors must hold the required shares in their demat accounts on the specific "record date" announced by the companies. Because these dates determine eligibility, buying shares on or after the "ex-date" will result in missing the upcoming corporate action.

Key Takeaways

  • Major Payouts: Asian Paints (₹23) and HUL (₹22) are the standout dividend payers this week.
  • Non-Cash Benefits: ZF Commercial Vehicle is offering a 5:1 bonus issue, while Bajaj Auto is executing a ₹5,633 crore buyback.
  • Eligibility Rule: Investors must ensure shares are held in their demat accounts on the official record date to qualify for any payouts or additional shares.