M&M, Escorts Kubota among 12 stocks to trade ex-dividend today

M&M, Navin Flourine and Escorts Kubota among other stocks are likely to remain in focus on Thursday as their record date for the purpose of the dividend payment is July 5.

This means that today is the last chance to buy these stocks in order to be eligible for the dividend payment.

Dividends are paid to shareholders whose names appear in the company's database on the record date. After the implementation of the T+1 framework, the record date and ex-date are the same in most cases unless there is a market holiday after the ex-date.

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 dividends.

Here is a list of companies whose shares will be trading on an ex-dividend basis tomorrow:

M&M

Mahindra & Mahindra (M&M) had announced a dividend of Rs 21.10 per share and the ex-date for this is July 5.

3M India

The company announced a final dividend of Rs 160 per share along with a special dividend of Rs 525 per share. The record date fixed for this purpose is July 5.

Apollo Tyres

Apollo Tyres declared a dividend of Rs 6 per share for which the record date is July 5.

Astrazeneca Pharma India

The company will pay out a dividend of Rs 24 to its eligible shareholders and the record date for this is July 5.

Balkrishna Industries

The company has fixed July 5 as the record date for the purpose of their Rs 4 per share dividend.

Bharat Forge

Bharat Forge board declared a dividend of Rs 6.5 per share. The record date for this is July 5.

Navin Flourine

Navin Flourine will be paying a dividend of Rs 7 per share to its eligible shareholders, for which the record date has been fixed as July 5.

Piramal Enterprises

Piramal Enterprises’ board announced a dividend of Rs 10 per share. The record date for this will be July 5.

Thermax

The company will be paying a dividend of Rs 12 per share and the record date for this is July 5.

Sundaram Finance Holdings

The company declared a dividend of Rs 2.05 per share and the ex-date for the same is July 5.

Escorts Kubota

The ex-date for the purpose of Rs 28 dividend by Escorts Kubota has been fixed as July 5.

Welspun Enterprises

Welspun will be paying out a dividend of Rs 3 per share for its eligible shareholders. The ex-date for this purpose is July 5.

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