Dividends, bonus issues: Last day to buy IGL, Natco Pharma among 7 stocks before record date
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Seven companies including IGL and Natco Pharma fixed Thursday as the record date for corporate actions.
- ✓Investors must buy these shares today to get dividends, bonus issues, or rights.
- ✓Only shareholders holding stocks in demat accounts by Thursday get these benefits.
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Economic Times
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Around seven companies have fixed Thursday as the record date for their respective corporate actions including bonus issues, dividends and rights issue, effectively making today the last day for interested investors to buy shares of the companies to be eligible for the corporate actions. Only those shareholders who hold the shares of these companies in their demat accounts as of Thursday will be eligible, due to SEBI's T+1 settlement norm.
Indraprastha Gas (IGL) has announced a final dividend of Rs 1.5 per share for its shareholders, with Thursday being fixed as the record date. The company has declared 28 dividends since September 2004 and the stock has a dividend yield of 2.29%, according to data on Trendlyne.
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The Economic Times
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