KEI Industries, Tanla Platforms record date for interim dividend on Monday. Do you own?

Synopsis

KEI Industries and Tanla Platforms have announced interim dividends, with January 27 as the record date for eligibility. KEI Industries declared a Rs 4 per share dividend, while Tanla Platforms approved Rs 6 per share. Shareholders holding stocks by this date will qualify for the payouts, which will be distributed by February 20.

The shares of KEI Industries and Tanla Platforms may grab attention today, January 24 as these companies had announced interim dividends for their eligible shareholders, fixing January 27 as the record date.

This means that the shareholders, whose names appear in the companies’ books as of the record date, will be eligible to receive the dividends.

Shareholders who buy the stock at least one day before the ex-date are eligible for dividends as settlement happens the next day. Those buying the stock on the ex-date are not eligible for the dividends.

Here are the dividend details of these companies:

KEI Industries

The board of KEI Industries had fixed an interim dividend of Rs 4 per share, fixing January 27 as the record date for determining the shareholder eligibility.

“Pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 this is to inform you that the Board of Directors of the Company at their meeting held on Tuesday, the 21st day of January, 2025, has approved inter-alia, the following: Declaration of Interim Dividend of Rs. 4.00/- (i.e. @ 200%) per Equity Share of face value of Rs. 2.00/- each for the Financial Year 2024-25,” said the company in an exchange filing.

Over the last 12 months, KEI Industries announced an equity dividend of Rs 3.50 per share. Based on the current share price of Rs 4,512, the dividend yield stands at 0.08%.

Also read: India is in the middle of a cyclical slowdown; Nifty earning growth in FY25 to be slowest post Covid: Pankaj Murarka

Tanla Platforms

The board of Tanla Platforms approved an interim dividend of Rs 6 per share. January 27 has been set as the record date to determine the eligibility of shareholders entitled to receive this dividend.

Shareholders holding the company's stock as of this date will qualify for the interim payout.

“We hereby inform you that, the Board of Directors of the Company, at its meeting held on Tuesday, January 21, 2025, inter-alia considered and approved the following: Decalration of interim dividend for the FY 2024-25 at the rate of Rs 6/- per equity share (i.e., 600%) of face value Rs 1/- each. Further, the ‘Record Date’ for determining the eligibility of shareholders for payment of the said interim dividend, as declared by the Board shall be January 27, 2025,” said the company in its filing to the exchanges.

The payment of interim dividend will be made to the shareholders on or before February 20.

According to Trendlyne data, Tanla Platforms has announced 17 dividends since March 2007. Over the past 12 months, the company declared an equity dividend totaling Rs 12 per share.

Based on the current share price of Rs 624.85, the dividend yield stands at 1.92%.

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