Dividend stocks: NTPC and Tech Mahindra share prices will remain in focus on Thursday, October 31 as both stocks will trade ex-dividend today.
The board of directors of NTPC on October 24 decided to pay an interim dividend of ₹2.50 per share on the face value of paid-up equity shares of ₹10 for the financial year 2024-25. The payout rate is 25% since it is determined by the face value of the share.
The company has fixed November 2 as the record date to determine eligible shareholders for its upcoming dividend of ₹2.50 per share.
The said dividend will be paid out on November 18, 2024.
Earlier NTPC also had approved a final dividend of ₹3.25 per share (face value of ₹10 each) for the financial year 2023-24 at its annual general meeting held on August 29, which was paid in September 2024.
The company declared an interim dividend of ₹15 per equity share of ₹5 each i.e. 300% of the face value.
Tech Mahindra has fixed Friday, November 1 as the record date for determining the members entitled to receive the interim dividend.
The interim dividend shall be paid through permitted modes, on or before November 17, 2024, to the equity shareholders of the company whose names appear in the Register of Members of the company or the list of beneficial owners as at the end of business hours of Friday, November 1, 2024.
Other companies turning ex-dividend today include Godrej Consumer Products Ltd, Ramkrishna Forgings, Balkrishna Industries and a few more.
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