Several top Indian companies are gearing up to declare interim dividends in the coming weeks, rewarding shareholders with a share of their profits. Among the prominent companies making these announcements are Infosys, Asian Paints, and HDFC Bank, along with a few others. These dividends are a way for companies to share their success with investors while providing them with a steady income stream before the fiscal year ends.
Infosys Declares ₹21 Interim Dividend
Infosys, the IT services leader, has announced an interim dividend of ₹21 per share for its investors. The record date for this dividend is set for October 29, 2024, and the payout will be made on November 8, 2024. The dividend comes after the company reported a 5% increase in its quarterly profit, which rose to ₹6,506 crore. Infosys also slightly raised its revenue growth forecast for FY25 to a range of 3.75% to 4.5%, up from the previous estimate of 3-4%. This shows the company’s solid financial performance and its confidence in its future prospects.
Asian Paints Announces ₹4.25 Interim Dividend
Asian Paints, one of India’s largest paint manufacturers, has declared an interim dividend of ₹4.25 per share. The record date for this dividend is November 19, 2024, with the dividend payment expected on or after November 28, 2024. The move highlights the company’s ongoing commitment to providing value to its shareholders while maintaining its growth momentum in the market.
HDFC Bank’s Continued Commitment to Shareholders
Although HDFC Bank has not yet provided specific details about its interim dividend for the current fiscal year, the bank is known for its consistent dividend payouts. Investors are encouraged to stay tuned for updates from the bank, as it has a history of rewarding shareholders with substantial dividends based on its strong financial performance.
Other Companies Also Announce Interim Dividends
Several other companies are joining the list of dividend payers. Akzo Nobel India has fixed the record date for its interim dividend as November 9, 2024. Similarly, Power Finance Corporation has announced that its second interim dividend will be distributed to shareholders with a record date of November 9, 2024. These companies are also recognizing the importance of rewarding their investors with attractive dividends, reflecting their stable financial condition.
What This Means for Investors
Interim dividends offer investors a chance to earn returns before the financial year ends. These payouts are a sign of a company’s strong financial health, which is good news for those holding shares in these companies. It’s crucial for investors to be aware of the record dates for each dividend to ensure they are eligible for the payouts. For instance, if you want to receive Infosys’s interim dividend, make sure you hold the shares before October 29, 2024, and for Asian Paints, the cut-off is November 19, 2024.
Conclusion
The upcoming interim dividends from Infosys, Asian Paints, HDFC Bank, and others showcase the strong financial performance of these companies. These payouts are a great opportunity for investors to earn returns on their investments. It’s important for shareholders to keep track of the record dates to ensure they don’t miss out on these rewards. Stay updated on the announcements, and make sure you’re eligible to receive these dividends.
