Shares of the likes of Axis Bank, Bank of India, L&T Technology Services, Crompton Greaves Consumer Electricals, GlaxoSmithKline Pharmaceuticals, Greenlam Industries will go ex-dividend today as all of these shares have their record-breaking date set for July 8 to determine whether shareholders will qualify for the payment of dividend. A total of 21 companies are going ex-dividend today. These 21 companies had announced final dividends.
Axis Bank has a strong track record of dividend payments over the past 21 years. The company has declared 19 dividends since June 2001. All 19 dividends are final dividends. The company has not paid any interim or special dividends to date. In the meeting of the board of directors to be held on April 28, 2022, the company announced a final dividend of 50 percent of Rs 1 per share for the March ending 2022.
For the fiscal year ended March 2022, Axis Bank has issued a 50 percent share dividend with a par value of Rs 2 or Rs 1 per share. In the BSE exchange application, Axis Bank said: “Under Regulation 42 of the Listing Obligations and Disclosure Requirements (SEBI) Regulation 42, 2015, Friday 8 July 2022 has been established as the record date to determine which members are eligible for final dividend, if approved by the members at the subsequent 28th General Meeting.” And that’s why the stock will trade ex-dividend tomorrow.
Crompton Greaves Consumer Electronics
In the BSE scholarship application, the company stated that “In accordance with Regulation 42 of the SEBI Listing Regulations, the company has determined Friday 8th July 2022 as the record date and that the company’s register of member and share transfer books will remain closed from Saturday.” July 9, 2022 to Friday, July 22, 2022 (both days inclusive) for the inclusion of the Members of the Company for the purpose of declaration of dividend.The dividend of Rs 2.50 per share of Rs.2/- each of the shares Company will be paid/shipped on or after Monday, July 25, 2022, but within a period of 30 days from the date of the General Meeting, subject to approval by the shareholders of the Company.”
GlaxoSmithKline Pharmaceuticals Ltd
GlaxoSmithKline Pharma announced a dividend along with a special dividend. By informing BSE, the company has confirmed that “the board of directors will pay a dividend of Rs. 90/- (including special dividend of Rs. 60) per share of shares with a par value of Rs.10 each for the year ended March 31, 2022, subject to the approval of the members at the 97th Annual General Meeting to be held on Tuesday, July 26 will be held , 2022. In accordance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has determined Friday 8 July 2022 as the Record Date for determining members’ entitlement to final dividend for the financial year ending on March 31, 2022. The dividend, if approved by members, will be paid on or after Wednesday, July 27, 2022.”
L&T technology services
The company has said in a BSE scholarship application that “In accordance with Regulation 42 of the SEBI (Listing Obligations & Disclosure Requirements) Regulation 2015, the Company’s Register of Members and Share Transfer Books will be closed from Saturday 9 July 2022, until with Friday 15 July 2022 (both days inclusive), in view of holding the 10th AGM and determining which members are entitled to receive the final dividend of Rs 15.00/- per share of Rs 2/- each for the year ended March 31, 2022. With respect to Shares held in electronic form, the said dividend will be paid on the basis of the beneficial ownership details provided by the Custodians as at the end of Friday July 8, 2022 and in respect of Shares held in physical form, the said dividend will be paid to the members whose names will be entered in the Company’s register of members at the end of Friday, July 8, 2022. The final dividend, if approved by shareholders, will be paid by the Company on or after July 20, 2022.”
Greenlam Industries has announced an equity dividend of 120.00 percent, or Rs 1.2 per share, for the fiscal year ending March 2022. In view of the dividend, the company said in its exchange filing that “in accordance with Regulation 42 and 60 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, applicable provisions of Companies Act, 2013 read with the rules made therein, we would like to inform you that the record date is set at Friday 8th July 2022 for the determining the eligible members of the Company for the payment of final dividend on shares of the Company for the financial year 2021-22.” The stock will go ex-dividend tomorrow on July 7, 2022 and the stock closed today at ₹319.05 with an upward gap of 1.03 percent.
Bank of India
The Bank of India board meeting was held on May 24, 2022, where the company recommended a 20 percent final dividend amounting to Rs 2/share. Subject to shareholder approval at the upcoming 26th Annual General Meeting of the Bank of India, the bank has recommended a dividend of Rs. 2.00 (i.e. 20 percent) each Share Share (Pass value Rs. 10/- each fully paid up) for FY2022-23. July 8, 2022 has been set as a record date by the bank and BOI’s shares will go ex-dividend tomorrow on July 7. On the NSE, the stock closed today at Rs 46.90, up 2.29 percent from its previous close and on an annualized basis (YTD), the stock is down more than 10 percent so far in 2022.
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