Shares of The Great Eastern Shipping Company Ltd., BEML Ltd., and Manappuram Finance Ltd. will be of interest on Wednesday, as the day marks the last session for investors to buy shares to qualify for receiving the interim dividend before the stock goes ex/record-date.
The record date determines the eligible shareholders who will receive the dividend payment. The ex-dividend date, which mostly coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.
GE Shipping’ board announced an interim dividend of Rs 5.40 per share for financial year 2025. The record date to determine the shareholders eligible for the dividend payout has been fixed as May 15.
In comparison, the company had issued an interim dividend of Rs 8.10 apiece on Feb. 3 and a dividend of Rs 7.20 on Nov. 19, 2024.
Given India’s T+1 settlement cycle, shares purchased on the record date (May 15 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by May 12 will be the beneficiaries.
BEML will distribute nearly Rs 62.46 crore via the dividend payout. The company had announced a dividend of Rs 15. In comparison, the company had issued an interim dividend of Rs 5 apiece on Feb. 14, 2025 and a final dividend of Rs 15.50 on Sept. 13, 2024.
Manappuram Finance had announced a dividend of Rs 0.5.
