Latest news with #KennametalIndia
Mint
28-05-2025
- Business
- Mint
ITC, Colgate Palmolive (India), Kennametal India to trade ex-dividend today
Dividend Stocks: ITC, Colgate Palmolive (India), Kennametal India are among the key stocks that will trade ex-dividend today. The record date to identify list of eligible share holders to received dividend had been set by these companies as Wednesday, 28 May 2025. Check details below The record date implies that the investors who wished to reap the benefits from dividends announced and receive dividend had to buy the shares of ITC, Colgate Palmolive (India), Kennametal India, a day prior to the record date as per T+1 settlement procedure, for their names to appear in the list of eligible share holders to receive the dividend. ITC Ltd- At its meeting held on May 22, 2025, the company's board of directors approved and recommended a final dividend of ₹ 7.95 per ordinary share, which has a face value of Re 1. However, the dividend is contingent to members' approval at the company's 114th Annual General Meeting (or "AGM"), which is scheduled for Friday, July 25, 2025. If announced, the Final Dividend will be distributed to eligible members between Monday, July 28, 2025, and Thursday, July 31, 2025, as per ITC. This announced dividend together with am interim dividend of RS 6.50 per share of face value of Re 1/- announced by the Board of Directors of ITC on 6 February 2024 would mean that total dividend by the company announced for Financial year ending March 2025 comes to a total of ₹ 14.35 per Ordinary Share of Re 1/- each. Colgate-Palmolive (India) Limited- For the fiscal year 2024–2025, Colgate-Palmolive (India) Limited declared a second interim dividend of Rs. 27/- (Rupees Twenty Seven Only) per equity share of Re. 1/-each on May 21, 2025. Those shareholders whose names are listed in the Company's Register of Members as of the Record Date, which is May 28, 2025, will receive the aforementioned dividend on and from June 16, 2025. Kennametal India Ltd- For the fiscal year 2024–2025, the Board of Kennametal India Ltd. announced an Interim Dividend of ₹ 40/-per equity share of ₹ 10/-each (400% considering the face value of share) and set May 28, 2025, as the Record Date to determine if shareholders were eligible to receive the payment of the Interim Dividend. Given the company's present robust cash flows, the Board has decided to declare a higher dividend rate than in the prior year or years. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
27-05-2025
- Business
- Business Standard
Dividend stocks: ITC, Colgate Palmolive, Kennametal to go ex-date on May 28
Shares of ITC, Colgate Palmolive (India), and Kennametal India are set to remain in focus today following their announcements of dividend rewards for their shareholders. A dividend is often viewed as a form of passive income, representing a portion of a company's profits distributed to shareholders as a reward for their investment. According to BSE data, these stocks are scheduled to trade ex-dividend on Wednesday, May 28, 2025. The ex-dividend date marks the day a stock begins trading without the right to receive the declared dividend, meaning investors must own the stock before this date to be eligible. The companies, however, finalise the list of eligible shareholders based on their records on the record date. Among the highlighted companies, industrial products maker Kennametal India has declared the highest dividend, announcing an interim dividend of ₹40 per share. The company has also set May 28, 2025, as the record date to ascertain the shareholders' eligibility for their participation in the dividend payout. This is followed by the fast-moving consumer goods (FMCG) company Colgate Palmolive (India), which has announced an interim dividend of ₹27 per share for its shareholders. The company has also set May 28, 2025, as the record date to ascertain the shareholders' eligibility for their participation in the dividend payout. Meanwhile, FMCG giant ITC has rewarded its shareholders with a final dividend of ₹7.85 per share, with the record date being fixed on May 28, 2025, for the same. Besides these, Markobenz Ventures will remain in focus today as the company's shares will trade ex-date on May 28 following the announcement of the rights issue. The company has informed the exchanges that its board has announced the Rights Issue of 4,80,00,000 fully paid-up equity shares aggregating to ₹48.96 crore at a rights issue price of ₹10.20 per share. Markobenz Ventures has fixed May 28, 2025, as the record date for the purpose of ascertaining the eligibility of shareholders entitled for issuance of 5 equity shares for every 2 fully paid-up equity shares held by the existing equity shareholders of the company on a rights basis.
