Dividend Alert: LTIMindtree, Dalmia Bharat Among Five Stocks Going Ex-Dividend Today

Shares of LTIMindtree Ltd, Dalmia Bharat Ltd, Intellect Design Arena Ltd, Panasonic Carbon India Co. Ltd, and Sagar Cements Ltd will be in the spotlight today, June 19. These companies are set to trade ex-dividend, which means buyers after this date won’t be eligible for the recently declared dividends.

What Is the Ex-Dividend Date?

The ex-dividend date marks the deadline for being eligible to receive the dividend. To qualify for the payout, investors must have purchased shares before this date. Here’s a look at the dividends announced:

LTIMindtree Ltd

• Dividend: ₹45 per share
• Details: LTIMindtree’s Board of Directors has proposed a final dividend of ₹45 per equity share for the financial year 2024. Shareholders will need to approve this at the upcoming Annual General Meeting (AGM).

Dalmia Bharat Ltd

• Dividend: ₹5 per share
• Details: Dalmia Bharat’s Board has suggested a final dividend of ₹5 per equity share for the financial year ending March 31, 2024. This too awaits shareholder approval at the forthcoming AGM.

Intellect Design Arena Ltd

• Dividend: ₹3.50 per share
• Details: Intellect Design Arena has declared a final dividend of ₹3.50 per equity share, pending approval from shareholders at the next AGM.

Panasonic Carbon India Co. Ltd

• Dividend: ₹12 per share
• Details: Panasonic Carbon India has announced a final dividend of ₹12 per equity share for the financial year 2023-24, subject to shareholder approval at their AGM.

Sagar Cements Ltd

• Dividend: ₹0.70 per share
• Details: Sagar Cements has proposed a final dividend of ₹0.70 per equity share. This recommendation will be presented to shareholders for approval at the 43rd AGM.

Investors holding shares of these companies as of June 19 will be eligible to receive the dividends once they are approved at their respective AGMs. Trading ex-dividend affects share prices, typically seeing a slight drop as the dividend payout is factored into the stock’s value. Keep an eye on these stocks as the market reacts to their ex-dividend status today.