Bonus, Stock Splits, Or Dividend Stocks Trading On June 23: HUL, Asian Paints, Tata; 9 Stocks In Focus On

Approximately nine stocks will be in focus on June 23, 2026, for their corporate actions. Some of them are large-caps such as Hindustan Unilever (HUL), Tata Power, Indian Hotels and Asian Paints. All nine stocks are turning ex-dividend for their upcoming dividend payouts. The highest dividend payouts are of Rs 23 and Rs 22 per share, which are offered by Asian Paints and HUL. Notably, there are no bonus issues or stock splits on Tuesday.

Dividend Stocks Today

Tuesday, June 23, 2026:

Here are the details of stocks and dividends on Tuesday. It needs to be noted that June 23rd also marks as record date for these companies to identify eligible shareholders for their dividend payouts.

Anand Rathi Share And Stock Brokers Ltd: Final Dividend Rs 5 per share.

Asian Paints Ltd: Final Dividend Rs 23 per share.

Dalmia Bharat Ltd: Final Dividend Rs 5 per share.

Fredun Pharmaceuticals Ltd: Final Dividend Rs 0.7000 per share.

Hindustan Unilever Ltd: Final Dividend Rs 22 per share.

G N A Axles Ltd: Dividend of Rs 3 per share.

Indian Hotels Company Ltd: Final Dividend Rs 3.25 per share.

Tata Power Company Ltd: Final Dividend Rs 2.50 per share.

Thyrocare Technologies Ltd: Final Dividend Rs 7 per share.

What Are Dividends?

Dividends are payments companies make to shareholders from their profits. You receive cash directly into your bank account while still owning the stock. Companies pay dividends when they generate more cash than needed for business operations and growth. Instead of holding excess cash, they distribute it to shareholders, as per Zerodha explainer.

Advantages of Dividends:

As per Bajaj Broking explainer, here are some of the benefits of dividend stocks:

1. One reason companies issue stock dividends is to keep cash inside the business. Instead of sending out payments, the firm can continue using its funds for day-to-day operations or for plans that may require spending later.

2. Another point investors notice is the increase in their share count. Nothing changes in how much of the company they own, yet they hold more units than before. For someone who wants to accumulate shares over time, this is a slow-and-steady approach.

3. Some people also view a stock dividend as a sign that the company is comfortable with its current position. It is not a guarantee of future performance, but it may suggest the business does not feel the need to conserve every rupee.

4. Stock dividends also allow firms to recognise shareholders without parting with cash. This added flexibility can be helpful when the company prefers to keep its reserves intact rather than commit to regular payouts.

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