2 Stocks Fix Record Date For Dividend, 2 Maharatna Stocks To Turn Ex-Dividend Soon

Two stock have fixed record date for dividend and two Maharatna stocks namely ONGC and BPCL will turn ex-dividend this week. ONGC is scheduled to pay an equity dividend of 65% and BPCL is slated to pay 60% dividend. ASM Technologies has fixed new record date to pay an interim dividend of 1 per equity share while Hinduja Global Solutions Ltd has announced record date for payment of interim dividend of 50%.

Check key takeaways below pertaining to dividend:

1. ONGC To Turn Ex-Dividend

Maharatna ONGC is the largest crude oil and natural gas Company in India, contributing around 71 per cent to Indian domestic production. Crude oil is the raw material used by downstream companies like IOC, BPCL, HPCL and MRPL (Last two are subsidiaries of ONGC) to produce petroleum products like Petrol, Diesel, Kerosene, Naphtha, and Cooking Gas LPG. Oil and Natural Gas Corporation Ltd. has a market capitalization of Rs 1,69,959.57 crore at the time of writing the story. The board of the company has earlier fixed record date to pay 65% equity dividend.

The board of directors of the company in their BSE filing dated August 4, 2022 stated, "The company has fixed Friday, the 19th August, 2022 as the ''Record Date'' for determining members eligible to receive final dividend of 3.25 per share (i.e.@ 65%) for the financial year 2021-22. The dividend recommended, if approved at the AGM, will be paid within the stipulated period of 30 days of declaration."

The company has maintained a good dividend history and regularly declared dividend in the last 5 years. It has a dividend yield of 7.71%. It declared an equity dividend of 210% or Rs 10.5 share for the year ending March 2022.

The current market price of ONGC is Rs 139.80 apiece with a 52-week high of Rs 194 apiece and 52-week low of Rs 108.50 apiece. The company has a market capitalization of Rs 1,75,872.30 crore.

2. BPCL To Turn Ex-Dividend

The company was renamed Bharat Petroleum Corporation Limited on 1st August 1977. It also emerged as the first refinery to process newly found indigenous crude (Bombay High), in the country. BPCL is engaged in exploration, production and retailing of petroleum and petrol related products.

The board of directors of the company in its regulatory filing earlier this year stated, "The Board of Directors has recommended a final dividend of Rs. 6/- per equity share for the financial year ended 31st March 2022 subject to the approval of the shareholders at the ensuing Annual General Meeting(AGM). The final dividend would be paid within 30 days from the date of its declaration at the AGM. The final dividend is in addition to the first interim dividend of Rs. 5/- per equity share of Rs 10 each and second interim dividend of Rs 5/- per equity share of Rs 10 each paid for the financial year 2021-22 by the Company."

BPCL has declared August 23 as the record date to determine the eligible shareholders for the final dividend. The shares of the company will turn ex-dividend on August 19.

The current market price of the stock is Rs 346 apiece with a 52-week high of Rs 503 apiece and 52-week low at Rs 293 apiece. The market capitalization is Rs 75,132.07 crore.

3. ASM Technologies Fixes Record Date For Interim Dividend

ASM is engaged in providing world class consulting and product development services in the areas of Engineering Services and Product R&D with successful Offshore Development & Support Centers in India and Overseas for its global clientele. ASM is one of India's most reliable names in the field of technological services, providing top-notch solutions for engineering and product development.

The board of directors of the company has stated in its BSE filing, "This is with reference to the letter dated August 6th, 2022 intimating the Record Date fixed by the Board of Directors for the purpose of determining the equity shareholders who are entitled to receive Interim Dividend for the year 2022-2023. In compliance of Regulation 42(4) of SEBI (LODR), the Company is required to maintain a gap of 7 working days between intimation and record date and therefore we wish to intimate the Stock Exchange that the new Record Date for the purpose of determining the equity shareholders who are entitled to receive the Interim Dividend for the year 2022-23 of the Company is Friday, August 19, 2022.

Earlier, the company had fixed August 17 as the record date. The board of director in its BSE filing said, "The Board has declared an Interim dividend of Rs.1.00/- per equity share of Rs. 10/- each, for the year 2022-2023. Dividend will be paid on or before 5" of September, 2022."

The current market price of the stock is Rs 581 apiece with a 52-week high of Rs 810 apiece and 52-week low of Rs 202 apiece. The company has a market capitalization of Rs 639 crore.

4. Hinduja Global Solutions Ltd Fixes Record Date For Interim Dividend

The company has emerged as the global leader in the customer experience lifecycle, digital transformation, and business process management. HGS combines automation, analytics, and artificial intelligence with high quality talent and deep domain expertise to achieve superior outcomes in the areas of digital customer experience, back-office processing, contact centers, and HRO solutions, according to its official website.

The board of directors of the company has fixed record date for payment of interim dividend with the statement, "The Board of Directors at its meeting held today have approved declaration of interim dividend of Rs.5 per share (50%) for the Financial Year 2022-23 and fixed August 25, 2022 as the 'Record Date' for payment of this interim dividend. The said dividend of Rs.5 per share shall be paid to the eligible Members of the Company on or before September 9, 2022."

The current market price of the stock is Rs 1328 apiece with the 52-week high of Rs 1974 apiece and 52-week low at Rs 847 apiece. The company has a market capitalization of Rs 5,550.39 crore.