PCBL, CESC shares to trade ex-dividend tomorrow. Are you the owner?

With the record date for CESC and PCBL’s interim dividend set for January 16, today is the last day for investors to buy shares of these companies to ensure their stake in the company’s books for eligibility to receive this dividend. .

With a T+1 settlement system, the record date and ex-date usually fall on the same day. However, if there is a market holiday immediately after the X-date, it may be different.

Investors who buy stocks at least one trading day prior to the ex-date will be entitled to a stock split as their purchases will be settled on the next trading day. On the other hand, those who buy the stock on the ex-date will not be eligible for the split.

Here are the interim dividend details of the companies:

1. PCBL
   

PCBL’s board has fixed January 16 as the record date for determining shareholder eligibility at Rs. 5.50 announced an interim dividend.

“The Board of Directors of the Company, in its meeting held today, i.e. Friday, 10th January, 2025, inter alia, considered and approved the following:- Declaration of interim dividend @ 550%, i.e. Rs. 5.50/- per equity share Re. 1/- each, for the financial year ending March 31, 2025 and for the purpose of payment of the above interim dividend Thursday, January 16, 2025 was fixed as the record date,” the company informed earlier in January.

PCBL Dividend History
In the last 12 months, PCBL has earned Rs. 5.50 has declared an equity dividend of Rs. At a share price of 360.90, PCBL’s dividend yield is 1.52%.

PCBL share price history
Shares of PCBL have gained 35.66% in the last one year and 31.25% in the last 6 months. However, the stock has lost 27.5% in the last 3 months.

CESC

CESC’s board fixed January 16 as the record date for determining shareholder eligibility at Rs. 4.50 announced an interim dividend.

“The Board of Directors of the Company, in its meeting held today i.e. January 10, 2025, has, inter alia, approved the paid-up equity share capital at INR 4.50/-per equity share (i.e., 450%) on an interim basis. Dividend has been declared. Payable to those members of the company whose names appear in the register of members of the company, or, will appear as beneficial owners (as per details furnished by the depositories i.e. National Securities Depository Limited and Center 1 Depository Services (India) Limited) at the close of business on January 16, 2025 , which is the “record date” for ascertaining the eligibility of the members to receive the said interim dividend,” said CESC in its filing to the exchanges.

CESC Dividend History
In the last 12 months, PCBL has earned Rs. 4.50 has declared an equity dividend of Rs. At a share price of 153.40 the company’s dividend yield is 2.93%.

CESC share price history
CESC shares have gained 9.35% over the past year, but have fallen 17.7% over the past 6 months.

Also Read: Jio Financial, Zomato May Get Nifty Seat For Price Of 2 Other Stocks

(Disclaimer: Recommendations, suggestions, opinions and views given by experts are their own. These do not represent the views of Economic Times)