Dividend alert! Last day to buy M&M, other 32 stocks for dividends worth Rs 473. How many do you own

Synopsis

Mahindra & Mahindra (M&M) is among the most notable names on the list. The automaker has fixed Friday as the record date for its highest-ever final dividend worth Rs 33 per share. This comes after the company paid a dividend worth Rs 25 last year and Rs 21 in 2024.

As many as 33 stocks have effectively fixed July 3 as the record date for their respective dividends, making today the last day for interested investors to buy the shares for the payouts.

Under SEBI's T+1 settlement cycle, investors must purchase 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 they become eligible for the corporate action. Therefore, today is the last opportunity for investors to buy the shares so that they are credited to their accounts by Friday, making them eligible for the dividends.

Mahindra & Mahindra dividend

The XUV and Scorpio maker has declared 28 dividends since May, 2001. The stock has a dividend yield of 0.81%.

Tech Mahindra, Union Bank, Shriram Finance dividend

Bharat Forge will pay a dividend of Rs 6.5 per share, while Escorts Kubota will pay a dividend of Rs 33 per share. Max Healthcare, Raymond Realty and Redington meanwhile will turn ex-record date for dividend payouts worth Rs 2, Rs 2 and Rs 6 respectively.

Also read: Kajaria Ceramics share buyback worth Rs 297 crore opens on July 3 | Entitlement ratio, other details to know

Other stocks turning ex-record date for dividends

Other companies which will effectively turn ex-record date for their respective dividends tomorrow include Akum Drugs (final dividend of Rs 1 per share and special dividend of Rs 2 per share), Alufluoride (Rs 4 per share), Balaji Amines (Rs 11 per share), BF Investment (Rs 10 per share), Biocon (Rs 0.5 per share), Can Fin Homes (Rs 8 per share), Dalmia Bharat Sugar and Industries (Rs 1.5 per share), DCM Shriram Industries (Rs 0.4 per share), Exide Industries (Rs 2 per share), Gloster (Rs 20 per share), Greenlam Industries (Rs 0.4 per share), Indus Finance (Rs 0.6 per share), Kirloskar Pneumatic Company (Rs 8.5 per share), Onward Technologies (Rs 8 per share), Sagarsoft (Rs 1.5 per share), SKF India Industrial (Rs 10 per share), SKF India (Rs 40 per share), SML Mahindra (Rs 23.5 per share), Thermax (final dividend of Rs 14 per share and special dividend of Rs 6 per share), Transcorp International (Rs 0.4 per share), Welspun Enterprises (Rs 3 per share) and Siddhika Coatings (Rs 4 per share).

Also read: Nomura expects IT firms to see 'anaemic' growth in FY27. Here are latest target prices for Infosys, TCS, and others

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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