Last date to buy! PFC among 34 stocks to trade ex-dividend on Friday

Today marks the deadline to purchase shares of these companies to qualify for the announced dividends.

PFC’s board will distribute a dividend of Rs 2.5 per share to eligible shareholders, as announced alongside its Q4FY24 results in May.

“Recommended final dividend @ Rs 2.50 (Rupees two and fifty paisa only) per equity share (subject to deduction of TDS) on the face value of the paid-up equity shares of Rs 10/- each for the FY 2023-24 subject to the approval of shareholders in the ensuing Annual General Meeting. This is in addition to the interim dividends of Rs 11.00 per equity share (subject to deduction of TDS) for the FY 2023-24 already declared and paid during the year in three tranches,” the company had announced via a previous filing to the exchanges.

In the last year, PFC has declared 3 interim dividends, totaling Rs 11, according to Trendlyne data.Shares of PFC closed flat at Rs 526 on the BSE on Wednesday.After the implementation of the T+1 framework, dividends are paid to shareholders whose names appear in the company’s database on the record date. Typically, the record date and ex-date are the same unless there is a market holiday following the ex-date.Under this framework, shareholders who purchase the stock at least one day before the ex-date qualify for dividends, as settlement occurs the following day. Conversely, those who buy the stock on the ex-date itself are not eligible to receive dividends.

Here’s is a list of other stocks that will start trading on an ex-dividend basis from Friday:

1. Zydus Lifesciences: Rs 3 per share

2. Whirlpool of India: Rs 5 per share

3. Vindhya Telelinks: Rs 15 per share (final dividend)

4. Universal Cables: Rs 3 per share

5. Timken India: 25% dividend, Rs 2.5 per share

6. The Anup Engineering: Rs 15 per share (final dividend) + Rs 5 per share (special dividend)

7. Symphony: Rs 8 per share

8. Sonata Software: Rs 4.4 per share

9. Sobha: Rs 3 per share

10. RR Kabel: Rs 3 per share

11. RBL Bank: Rs 1.5 per share (final dividend)

12. Rane Holdings: 250% dividend, Rs 25 per share (final dividend)

13. Orient Paper & Industries: Rs 0.25 per share (final dividend)

14. Nesco: 300% dividend, Rs 6 per share

15. Kirloskar Brothers: Rs 6 per share

16. JK Tyre & Industries: Rs 3.5 per share

17. Godrej Agrovet: 100% dividend, Rs 10 per share (final dividend)

18. Galaxy Surfactants: Rs 22 per share (final dividend)

19. Eveready Industries: Re 1 per share (final dividend)

20. Dollar Industries: Rs 3 per share (final dividend)

21. CreditAccess Grameen: Rs 10 per share

22. Cosmo First: Rs 3 per share

23. Coromandel International: Rs 6 per share (final dividend)

24. Control Print: Rs 5 per share

25. Bondada Engineering: Rs 0.15 per share (final dividend)

26. Bombay Cycle & Motor Company: Rs 5 per share

27. Birla Cable: Rs 1.75 per share (final dividend)

28. BASF India: 150% dividend, Rs 15 per share (final dividend)

29. Associated Alcohols & Breweries: Rs 2 per share

30. Aditya Vision: Rs 9 per share

31. ADF Foods: Rs 1.2 per share (final dividend)

32. Aarvi Encon: Rs 2 per share

33. Aarti Industries: Rs 1 per share

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)