Dividend Stocks This Week: ICICI Prudential AMC, Tech Mahindra, IRFC, HDB Financial In Focus; Stock Splits, Bonus Ahead
Add Preferred News Source
ICICI Prudential AMC, Tech Mahindra, IRFC and HDB Financial are among 20 stocks in focus for corporate actions this week. The October 19-23 calendar includes 15 interim dividends, three stock splits, a 1:4 bonus issue and a share buyback.
Dividend Stocks This Week: Twenty stocks are set to remain in focus for corporate actions during the October 19-23 week, with 15 companies lining up interim dividends. ICICI Prudential AMC, Tech Mahindra, IRFC, HDB Financial Services, Angel One and ICICI Lombard are among the prominent names on the list.
ICICI Prudential AMC has announced the highest dividend at ₹30 per share, followed by LTM at ₹25 and Tech Mahindra at ₹15 per share. The bulk of the action is concentrated towards the end of the week, with 12 stocks having corporate action record dates on October 23 alone.
Dividends are not the only trigger. Three companies have stock splits lined up, while Titan Biotech has announced a 1:4 bonus issue. VRL Logistics will also be in focus for its share buyback.
Top Corporate Actions This Week
Company | Corporate Action | Record Date |
|---|---|---|
ICICI Prudential AMC | Interim dividend of ₹30 per share | October 21 |
Angel One | Interim dividend of ₹1.40 per share | October 22 |
JSW Dulux | Stock split from ₹10 to Re 1 | October 22 |
VRL Logistics | Share buyback | October 22 |
LTM | Interim dividend of ₹25 per share | October 23 |
Tech Mahindra | Interim dividend of ₹15 per share | October 23 |
ICICI Lombard | Interim dividend of ₹7 per share | October 23 |
HDB Financial Services | Interim dividend of ₹2 per share | October 23 |
IRFC | Interim dividend of ₹1.15 per share | October 23 |
Titan Biotech | Bonus issue in 1:4 ratio | October 23 |
Dividend Stocks This Week
Fifteen companies have dividend record dates between October 21 and October 23.
ICICI Prudential AMC leads the list with an interim dividend of ₹30 per share and has fixed October 21 as the record date. Mangalore Refinery and Petrochemicals has announced an interim dividend of ₹3 per share for the same date, while Elecon Engineering will pay ₹0.50 per share.
Angel One and Tips Music follow on October 22. Angel One has declared an interim dividend of ₹1.40 per share, while Tips Music has announced ₹6.50 per share.
October 23 will see the largest number of dividend record dates. LTM has announced an interim dividend of ₹25 per share, while Tech Mahindra will pay ₹15 per share. 360 ONE WAM has declared ₹7.50 per share and ICICI Lombard ₹7 per share.
IRFC has fixed October 23 as the record date for an interim dividend of ₹1.15 per share for FY27. HDB Financial Services will pay ₹2 per share.
Modison has announced a dividend of ₹4 per share and Oberoi Realty ₹2 per share. Garuda Construction and Engineering and Artemis Electricals and Projects have also fixed October 23 as their dividend record date.
Stock Splits, Bonus Shares And Buyback This Week
Three companies have stock splits scheduled during the October 19-23 week.
Jattashankar Industries has fixed October 19 as the record date for splitting each share with a face value of ₹10 into 10 shares with a face value of Re 1 each.
JSW Dulux has fixed October 22 as the record date for a 1:10 stock split. Each equity share with a face value of ₹10 will be split into 10 shares with a face value of Re 1 each.
Azad India Mobility has fixed October 23 as the record date for its stock split. Each share with a face value of ₹10 will be subdivided into five shares with a face value of ₹2 each.
Titan Biotech will also be in focus on October 23 for its 1:4 bonus issue. Eligible shareholders will receive one bonus equity share for every four shares held. VRL Logistics has fixed October 22 as the record date for its share buyback.
With 15 dividend payouts and another five stocks in focus for splits, bonus shares and a buyback, corporate actions will keep several widely tracked names in focus this week. Tech Mahindra, LTM, IRFC, HDB Financial Services and ICICI Lombard will be among the key stocks to watch towards the end of the week.
Also Read - Q2 Results Today: Bajaj Finance, UltraTech Cement Among 35 Companies To Report Earnings
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Rochelle Britto has spent 8+ years decoding India's markets, businesses, and consumer economy, reporting for ET Prime and Times Internet along the way, covering the stories behind the numbers.
A Mumbai native and perpetual planner of the next holiday, she stays far, far away from the eternal question, “Where are we going next?” When she's not chasing headlines, she's chasing new cultures, open roads, and a bit of quiet in nature.
Right Tools, Rich Insights
