Dividend Alert: Power Grid, NTPC, Info Edge And 23 Other Stocks Set 6 November As Record Date; Check Key Details

Investors looking to receive dividends from Power Grid, NTPC, Info Edge and 23 other companies have one trading session left to buy their shares. Thursday, 5 November, is the last day to purchase these stocks, as the companies have fixed Friday, 6 November, as the record date for determining eligible shareholders.

Under India's T+1 settlement system, shares purchased on the last trading day before the record date are generally eligible for the dividend. The shares must reflect in investors' demat accounts in time for the record date.

Power Grid, NTPC, Info Edge Among Major Dividend Stocks

The list includes several familiar names from the power, metals, pharmaceutical and financial sectors. Power Grid, NTPC and Info Edge have each announced an interim dividend of ₹3 per share. NALCO has set its payout at ₹4.50 per share, while Petronet LNG will pay ₹7 per share.

Some of the other companies with 6 November record dates include Amara Raja Energy & Mobility, which has announced an interim dividend of ₹4.30 per share. Laurus Labs and Amrutanjan Health Care will pay ₹1 per share each, while MOIL has declared ₹2.20 per share.

Care Ratings has announced an interim dividend of ₹10 per share, the highest payout among the companies listed here. Sundram Fasteners will pay ₹4.05 per share.

Other companies with their record dates on Friday include:

Indus Infra Trust, Knowledge Realty Trust Also Set Record Date

The 6 November list also includes Indus Infra Trust and Knowledge Realty Trust. Both have fixed Friday as the record date for their respective distributions.

In all, several companies are set to turn an ex-record date on 6 November. A stock's price may adjust when it turns ex-dividend or ex-distribution, depending on the payout and market conditions.

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