2 Specialty Chemicals To Soon Pay Dividend Up To 500%: Check Record Date

Published: Friday, June 24, 2022, 9:58 [IST]

Dividend income from shares held in your demat account looks attractive when it adds to your other income streams. Nevertheless, for receipt of such dividend payments, you need to be mindful of the ex-date and even should be knowing the concept of record date.

Ex-date

Determined and notified by stock exchanges. It is on this day the price of the equity share of the Company gets adjusted for the dividend pay out. This date generally falls one day before the record date.

Ex-date also holds importance as for the receipt of dividend you need to buy in the scrip before this date.

Record date

This date is proposed by Board of Directors to determine name of the eligible shareholders for dividend. All eligible shareholders with their names in the list at the end of Record Date will be eligible to receive dividends. Thus, to be eligible for receiving dividend, investors need to have shares in the Demat account by record date

Likewise, here are 2 specialty chemical companies that are to soon make dividend payments:

Alkyl Amines

The company has recommended a final dividend of Rs. 10 per share of Rs. 2 each i.e. 500% for Fy 2022. In respect of the same, the company on June 23, 2022 intimated the record date. "Company has
fixed Monday,July 25,2022 as the Record Date for determining entitlement of Members to dividend for the financial year ended March 31, 2022,if approved at the AGM", said the company filing to the exchange.

This is a mid cap company involved in the manufacture of organic and inorganic chemical compounds. The company's last traded price is Rs. 2630 per share.

Rossari Biotech

This is another small cap specialty chemicals firm with a m-cap of Rs. 4831 crore. The company is amongst the country's leading textile and specialty chemical manufacturers based on Fy19 sales. Building upon its expertise in textiles, the company has diversified into the animal health and nutrition, home, personal care and performance chemicals markets.

In May, the company has recommended a final dividend of 25% i.e. Rs. 0.5 per share on Equity Shares of the Face Value of Rs. 2/- each for
the Financial Year ended March 31, 2022, subject to approval of the Shareholders at the forthcoming Annual General Meeting ("AGM") of the Company.

Accordingly, Rossari Biotech Limited has informed the Exchange that record date for the purpose of Dividend is July 08, 2022. Last the shares of the company traded at Rs. 875.8 per share.