The ex-dividend date is set by the exchange and is usually 1-2 business days before the record date. If you buy the stock on or after the ex-dividend date, you won’t receive the dividend. The company announces the record date to determine the eligibility of the investors. Only those investors who own the shares of Trent and JSW Steel will be entitled to receive the dividends.
The Tata group company in June, informed the exchange about the record date. It will give a dividend of Rs 11 per share subject to the approval of the company members in their 41st AGM.According to Trendlyne data, Titan has declared dividends on 23 occasions since August 2003.
With over 12% returns over a 1-year period, JSW Steel has outperformed Nifty and Sensex whose returns are 4.7% and 4.3%, respectively in the same period.
Also Read: Corporate actions this week: Titan, JSW Steel, 45 more stocks to have record dates for dividend, bonus and stock splits
JSW Steel will give a dividend of Rs 2.80 per share. The metal major informed the exchanges about the record date on May 23. JSW Steel filing said that the dividend will be credited/dispatched to the members, subject to deduction of tax at source, on or before 30 days from the date of Annual General Meeting. JSW Steel has declared 25 dividends since February 2005. In the past 12 months, JSW Steel has declared an equity dividend amounting to Rs 7.30 per share. At the current share price of ₹1041.4000, JSW Steel’s dividend yield is 0.70% according to Trendlyne.
With over 9% returns over a 1-year period, JSW Steel has outperformed Nifty and Sensex in the same period.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)