In the coming week, three shares of Adani Group will be in focus. These would be Adani Enterprises, Adani Port and Adani Total Gas. All three shares will become ex-dividend on July 14, before their record date. The companies have declared dividend in the range of 25% to 250% for the financial year FY22. On Friday, the buying sentiment was seen in these shares and closed in the green mark. The market valuation of these firms is also done by 1.5 lakh crore to 2.8 lakh crore. Among the three, Adani Ports will pay the highest dividend.
Here are the key details of the dividend.
Adani Enterprises:
on BSE, Adani Groupsettled on the stock of the major company of above 2,293.05 17.80 or 0.78%. The market valuation of Adani Enterprises is on 2,61,407.96 crore.
According to regulatory filings, Adani Enterprises has declared a dividend of Re 1 (@100%) per equity share of face value of Re 1 on fully paid up dividend for the financial year 2021-22. The company has fixed July 15 as the record date for determining the eligible shareholders to receive the dividend.
The dividend will be paid to shareholders on or after July 28.
Adani Ports:
ended on company stock More in 716 each on Friday 12.80 or 1.82% on BSE. Its market value is approx 1,51,245.92 crore.
Adani Ports has declared dividend of 5 each (@250%) per equity share of face value 2 each fully paid for the financial year 2021-22. The company has also fixed July 15 as the record date for determining the members eligible for the benefits. Dividend will be paid on or after July 28.
Adani Total Gas:
Adani Total Gas shares closed on BSE above 2,541.35 58.10 or 2.34%. The market cap of the company was approx. 2,79,500.24 crores.
Like the above two Adani firms, Adani Total Gas has also fixed July 15 as the record date for identifying eligible shareholders for the dividend, while the payment will be made on or after July 28. The company has declared a dividend of Rs.0.25 (@). For the financial year FY 2012, 25% per equity share of face value of Re 1 is fully paid up.
How an investor will get his dividend:
As per the BSE FAQ, the company provides the facility of direct credit of dividend to the member’s bank account. Listing regulations also oblige companies to deposit dividends to members electronically. Members are, therefore, requested to avail this facility to ensure that their dividend is deposited in their bank account safely and swiftly.
Dividend means distribution of profit by a listed company to its shareholders.
Generally, the ex-dividend date for a stock is the business day prior to the record date for declaring shareholders eligible for payment. This also means that investors who buy stock on or after the ex-dividend date will not be eligible for the dividend declared by the company for a particular financial year. Simply put, ex-dividend dates are also the days when dividend eligibility is said to end.