Dividend shares: Shares of DCM Shriram Limited and Marico Ltd will be in focus when the stock market opens on March 6 (Wednesday).
The Board of Directors of these companies declared interim dividends for their eligible shareholders.
The record date of the 2 companies to ascertain the eligibility of shareholders for their respective matters was set on March 6.
Interim Dividend
DCM Shriram: The company declared an interim dividend of ₹4.00 per equity share.
In a stock exchange filing, DCM Shriram said: “We would like to inform that the Board of Directors of the Company, during its meeting held on February 27, 2024, inter alia declared a Provisional Dividend for the financial year 2023-24 in the paid up share capital of the Company, @ 200% (Rs.4 per equity share of face value of Rs.2/- each).”
“The Record Date set for the purpose of the said Interim Dividend shall be March 6, 2024,” the filing said. “The said Interim Dividend will be paid/sent to all eligible shareholders on or before March 27, 2024.”
DCM Shriram stock closed at ₹960.10, down 0.61 percent, on Tuesday.
Marico: The company declared an interim dividend of ₹6.50 per equity share.
In a stock exchange filing, Marico said the Board of Directors in a meeting held on February 27, 2024 approved a “Second Interim Eci Dividend for the financial year 2023-24 of Rs. 6.50/- per equity share of Re. 1 each.”
“The record date for calculating the list of shareholders entitled to receive the said interim dividend will be Wednesday, March 6, 2024,” the filing said. “The Second Interim Stock Dividend will be paid to such stockholders on or before Thursday. , March 28, 2024.”
Marico stock closed at ₹518.20, down 1.12 percent, on Tuesday.
Shares of DCM Shriram and Marico will trade ex-dividend on Wednesday.
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Published: 06 Mar 2024, 06:25 IST