Dividend Record Date: Hindustan Copper, VST Tillers, Bajaj Steel Among Stocks in Focus

More than 35 companies are approaching their dividend record date this week, putting their shares in focus on Tuesday, September 15. Hindustan Copper, VST Tillers Tractors, Bajaj Steel Industries, Vinati Organics and Indo Tech Transformers are among the companies that have fixed September 16 as the date for determining shareholders eligible for their respective dividend payouts. 

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For investors looking to qualify, September 15 is the relevant trading day. With the Indian equity market operating on a T+1 settlement cycle, shares purchased after Tuesday would not be reflected in an investor’s holdings in time for the September 16 record date. 

VST Tillers Announces ₹25 Per Share Dividend 

Among the companies on the list, VST Tillers Tractors has announced the highest dividend at ₹25 per share. 

Bannari Amman Sugars follows with a dividend of ₹12.50 per share, while Garware Hi-Tech Films has declared a final dividend of ₹12. Indo Tech Transformers has announced ₹10 per share, Eldeco Housing & Industries ₹9 and Vinati Organics ₹8.50. 

TANFAC Industries has fixed its dividend at ₹4.50 per share, while De Nora India will pay ₹4. Arex Industries and Denta Water and Infra Solutions have each announced ₹2.50 per share. 

Hindustan Copper Sets Final Dividend at ₹1.86 

Hindustan Copper has fixed a final dividend of ₹1.86 per share, with September 16 as the record date. 

Prakash Industries has announced ₹1.80 per share, while WSFx Global Pay will pay ₹1.50. Cineline India has set its final dividend at ₹1.25. 

Ajmera Realty & Infra India, Bajaj Steel Industries, Dee Development Engineers and Jash Engineering have each announced a final dividend of ₹1 per share. 

Elsewhere on the list, Zodiac Energy has declared ₹0.75 per share, United Drilling Tools ₹0.60 and BLS International Services ₹0.50. 

Several Smaller Dividend Payouts Also Due 

A number of companies have declared dividends below ₹0.50 per share. Atam Valves and Northern Spirits have each announced ₹0.35, while Emmbi Industries has fixed its final dividend at ₹0.30. 

Regaal Resources will pay ₹0.25 per share and Stellant Securities (India) ₹0.20. Accedere and Baid Finserv have each announced a final dividend of ₹0.10. 

All these companies share the same September 16 record date. The dividend amount varies considerably across the list, ranging from ₹0.10 per share at the lower end to ₹25 per share announced by VST Tillers Tractors.