2 days ago

Indian Stocks Set to Turn Ex-Dividend on September 4

Several Indian companies are giving some of their profits to shareholders as dividends.

Their shares will trade ex-dividend on September 4.

This means investors must be recorded as shareholders by the record date to qualify for the payment.

Federal-Mogul Goetze announced the largest listed payout, totaling Rs 94 per share.

It includes a special dividend of Rs 86.50 and an interim dividend of Rs 7.50.

The company said this is its first dividend in 25 years.

Gulf Oil Lubricants India will pay Rs 30 per share, while other companies announced smaller amounts.

Payment dates vary by company, and some payment dates were not provided.

Key facts

Ex-dividend date: September 4 for the companies listed in the report.
Federal-Mogul Goetze dividend: Rs 94 per share, comprising a special dividend of Rs 86.50 and an interim dividend of Rs 7.50.
Gulf Oil Lubricants India dividend: Rs 30 per share; payment scheduled for October 11.
AIA Engineering dividend: Rs 16 per share; payment scheduled for October 14.
Finolex Cables dividend: Rs 9 per share; payment scheduled for October 28.
Coal India dividend: Rs 5.25 per share; payment scheduled for September 30.
Federal-Mogul Goetze payment: The combined dividend is scheduled to be paid on September 25.
Other listed dividends: Amounts include Rs 5 from Indigo Paints, Rs 3 from Metro Brands, and Re 1 each from Oil India, Oil and Natural Gas Corporation and Shipping Corporation of India.

businesstoday.in · 2 days ago