Last day to buy Jio Fin & 8 other stocks for dividend payouts
Around 9 companies, including Jio Financial Services and telecom infrastructure player Indus Towers, are set to turn e record date for dividends on Monday (August
Around 9 companies, including Jio Financial Services and telecom infrastructure player Indus Towers, are set to turn e record date for dividends on Monday (August 10), effectively making today the last day for interested investors to buy the shares to be eligible for payments.As per SEBI's T+1 settlement cycle, investors must buy a company's shares at least one trading day before the record date to ensure the shares are credited to their demat accounts in time and become eligible for the corporate action. Accordingly, today is the last opportunity for investors to buy the shares so they are credited to their accounts by Monday, making them eligible for the dividends.Jio Financial dividendJio Financial Services fixed August 10 as the record date for its final dividend of Rs 0.60 per share for the financial year which ended on March 31, 2026.
This comes after the company paid a dividend of Rs 0.5 per share to its shareholders last year.The company, which announced the latest dividend in April this year, has a dividend yield of 0.19%, according to data on Trendlyne.Also read | Can Tips Music's Rs 44 crore share buyback boost its share price? Here's what JM Financial saysIndus Towers dividendIndus Towers shares will turn e record date for its dividend of Rs 14 per share on Monday. The company announced the dividend in April, subject to shareholders' approval during the upcoming Annual General Meeting (AGM).The company has declared 17 dividends since June, 2013.Other dividend stocksMajestic Auto accounts for the highest dividend payout among all stocks turning e record date on Monday, as the company aims to pay a dividend of Rs 25 per share to its shareholders.
PTC India and Styrenix Performance Materials will each pay a Rs 23 dividend.West Coast Paper Mills will turn e record date for a dividend of Rs 3 per share, while RITES will pay a dividend of Rs 1.4 per share. Other companies that have fixed Monday as the record date for their respective dividends include AVT Natural Products (Rs 0.45 per share) and Central Mine Planning & Design Institute (Rs 1.06 per share).Also read | Ace investor Madhusudan Kela cuts stake in this multibagger stock after 200% rally in a year. Do you own? (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own.
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