Investors on Dalal Street are closely watching a busy week of corporate actions involving leading companies such as Vedanta, HDFC Bank, Polycab India, Swaraj Engines, and Maharashtra Scooters. These actions include interim and final dividends, stock splits, and bonus issues, offering opportunities for both long-term investors and short-term traders.
Vedanta has declared an interim dividend of 7 rupees per share for the financial year 2025-26, amounting to a total payout of approximately 2,737 crore rupees. The record date is June 24, requiring investors to purchase shares by June 23 to be eligible. Following the announcement, Vedanta’s shares declined by around three percent on June 19, reflecting typical market adjustment after dividend declarations.
HDFC Bank has announced a final dividend of 22 rupees per share. This is one of the highest dividend payouts by the bank, following its 1:1 stock split in 2019. The record date is June 27, with shareholders needing to buy shares by June 26 to qualify under the T+1 settlement rule. The dividend will be paid following approval at the bank’s Annual General Meeting.
Polycab India has also declared a final dividend of 35 rupees per share. The record date is June 24, which means shares must be bought by June 23. This reflects the company’s strong performance and steady cash generation.
Swaraj Engines is offering a substantial interim dividend of 104.50 rupees per share, while Maharashtra Scooters has announced a combined dividend of 60 rupees per share, which includes a final dividend of 30 rupees and a special dividend of 30 rupees. Both companies have set June 27 as the ex-dividend date.
Beyond these, several other companies are rewarding shareholders throughout the week. On June 23, Hindustan Unilever will go ex-dividend with a 24 rupees payout, and V-Mart will issue bonus shares in a 3:1 ratio. June 24 will see Laddu Gopal implement a stock split, while additional companies such as Aegis, Goa Auto, and Prime Securities are declaring dividends or rights issues on June 25 and 26. On June 27, dividends from Cipla, Bajaj Finserv, and CARE Ratings, among others, will become effective, alongside bonus and stock split actions from Investment & Precision Castings and Padam Cotton Yarns.
Investors should keep in mind that under the T+1 settlement cycle, purchasing shares on the record date will not qualify them for the dividend. For example, shares must be bought by June 23 to qualify for Vedanta and Polycab’s dividends, and by June 26 for those of HDFC Bank and others.
This series of corporate actions signals a rewarding phase for shareholders, particularly those looking for income opportunities or portfolio enhancements. At the same time, it is important for investors to monitor stock performance post-dividend declarations, as prices typically adjust to reflect the payout.
The week ahead presents multiple strategic opportunities, but making timely and informed decisions will be key to benefiting from the flurry of activity on Dalal Street.