Archive · 29 Sep 2026
Three Stocks Near September Dividend Eligibility Deadlines
Three Indian companies announced dividends for their shareholders.
A dividend is money paid by a company for each share someone owns.
Leo Dryfruits & Spices Trading Limited announced ₹0.50 per share, with September 29 as its record date.
Because India uses T+1 settlement, the article identified September 28 as the last day to buy Leo shares and qualify.
Steel Authority of India Limited, also called SAIL, announced ₹2.35 per share, with September 30 as its record date.
Saraswati Saree Depot announced an interim dividend of ₹3 per share, also with a September 30 record date.
Investors were told to own SAIL and Saraswati shares by September 29 to qualify.
The broader market was weak, with the Nifty 50 opening below 23,000.
One analyst said trading could settle into a period of consolidation after the sharp fall.
Leo Dryfruits & Spices Trading Limited set September 29, 2026, as the record date for its ₹0.50 final dividend, making September 28 the last purchase date under T+1 settlement.
Steel Authority of India Limited announced a ₹2.35-per-share final dividend and set September 30, 2026, as its record date.
Saraswati Saree Depot Limited announced a ₹3-per-share interim dividend and also set September 30, 2026, as its record date.
Investors generally needed to own SAIL and Saraswati Saree Depot shares by September 29 to qualify for their payouts.
The Nifty 50 opened below 23,000 on September 28, while an analyst described the market as potentially entering near-term consolidation after a sharp decline.
- Who
- Shareholders and Leo Dryfruits & Spices Trading Limited, Steel Authority of India Limited, and Saraswati Saree Depot Limited.
- What
- The three companies announced dividends and record dates that determine shareholder eligibility.
- When
- The relevant trading date was September 28, 2026; record dates were September 29 and September 30, 2026.
- Where
- The announcements concern the Indian stock market.
- Why
- The record dates determine which shareholders qualify for the announced dividend payments.
Consolidation Outlook
Volatility Concern
Near-term market direction
Consolidation Outlook
Analyst Pabitro Mukherjee said the Nifty 50's candle formation indicated absorption of selling pressure and rejection of lower levels, suggesting near-term consolidation.
Volatility Concern
The market remained volatile after a sharp decline, and the Nifty 50 opened below 23,000; Nifty IT also recorded a weekly decline of more than 2%.
- Leo dividend
- ₹0.50 per equity share; final dividend
- Leo record date
- September 29, 2026; September 28 was identified as the last qualifying purchase date
- SAIL dividend
- ₹2.35 per equity share; final dividend for FY26
- SAIL record date
- September 30, 2026; September 29 was identified as the last qualifying purchase date
- Saraswati dividend
- ₹3 per equity share; interim dividend for FY2026-27
- Saraswati record date
- September 30, 2026
- Market snapshot
- The Nifty 50 opened below 23,000 on September 28, 2026
