August Dividend Stocks: 5 Companies Announce Record Date

Five leading companies board of directors have announced record date for the purpose of dividend to determine the eligibility of shareholders. These companies are Coal India Ltd., Rain Industries Ltd, IRCTC - Indian Railway Catering & Tourism Corp Ltd., IRB Infrastructure Developers Ltd., and KPIT Technologies Ltd. Check details below for more information:

1. Coal India Ltd

The company has announced an equity dividend of 30% or Rs 3 per share on 25/05/2022. Now it has fixed the record date as August 12, 2022.

The board of directors in their BSE filing stated, "The Company has fixed Friday, August 12,2022 as the "Record Date" for the Purpose of determining the Members eligible to receive Final Dividend for the Financial Year 2021-22."

The shares of coal India gained 4.22% at the close of trade on Friday, July 29, 2022. The current market price of the stock is Rs 211 apiece. The 52-week high of the stock is Rs 212 apiece and 52-week low is Rs 132 apiece.

Coal India Limited (CIL) the state-owned coal mining corporate came into being in November 1975. With a modest production of 79 Million Tonnes (MTs) at the year of its inception CIL today is the single largest coal producer in the world and one of the largest corporate employer with manpower of 272445 (as on 1st April, 2020).

2. Rain Industries Ltd

The company is scheduled to pay an interim dividend of 50% or Re 1 per share. The board of directors said in the BSE filing, "Board of Directors of Rain Industries Limited at its meeting held on Friday, the July 29, 2022 have Fixed August 12, 2022 as record date for the purpose of determining the shareholders eligible for receipt of Interim Dividend for the Financial Year ending December 31, 2022."

The shares gained 5.62% at the close of trade on July 29, 2022 to close at Rs 176 apiece. The 52-week high is Rs 272 apiece and 52-week low is Rs 128 apiece. It is a company with strong financials.

Rain Industries Limited (RAIN) is one of the world's leading producers of calcined petroleum coke, coal tar pitch and other high-quality basic and specialty chemicals. The group continues to grow through capacity expansions, and mergers and acquisitions across the world.

3. IRCTC - Indian Railway Catering & Tourism Corp Ltd

Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) is a "Mini Ratna (Category-I)" Central Public Sector Enterprise under Ministry of Railways, Government of India. IRCTC was incorporated on 27th September, 1999 as an extended arm of the Indian Railways to upgrade, professionalize and manage the catering and hospitality services at stations, on trains and other locations.

The shares gained 5.74% at the close of the trade at Rs 637 apiece. The 52-week high is Rs 1278 apiece and 52-week low is Rs 456 apiece. It is a company with strong financials.

The company is scheduled to pay an equity dividend of Rs 1.50 per share. The company's board of directors said in the BSE filing, "This is in reference to our letter of even no. dated July 30, 2022, vide which, it has been informed that Company has fixed Friday, August 19, 2022 as the 'Record Date' for the purpose of determining the members entitle to receive final dividend for the financial year 2021-22. It is also provided that the dividend, if declared at the AGM, will be paid within a period of 30 days from the conclusion of the AGM. In terms of the applicable provisions of the Income-tax Act, 1961 as amended by the Finance Act, 2020, any dividend paid or distributed by a Company is taxable in the hands of the members. The Company shall therefore be required to deduct tax at source at the time of making the payment of the dividend, if declared at the AGM. In line with above, please find enclosed a communication regarding TDS on Final Dividend for the Financial Year 2021-22."

4. IRB Infrastructure Developers Ltd

The stock gained 0.07% to close at Rs 213 apiece. The 52-week high is Rs 346 apiece and 52-week low is Rs 148 apiece. It is a company with strong financials and brokers have recently upgraded recommendations or target price for the stock.

The board of directors in their BSE filing dated July 29 said, "Further pursuant to Regulation 42 of SEBI Listing Obligations and Disclosure Requirements) Regulations, 2015 it is informed that the "Record Date" for the payment ofInterim Dividend, if declared by the Board of Directors of the Company, will be Wednesday, August 17, 2022."

It is India's first Multinational Infrastructure Player in Highways segment. IRB Infrastructure Developers Ltd. was incorporated to fund the capital requirements of the IRB Group initiatives in the infrastructure sector.

5. KPIT Technologies Ltd

The current market price of the stock is Rs 547 apiece with a 52-week high of Rs 800 apiece and 52-week low of Rs 281 apiece. The stock has registered strong TTM EPS growth.

KPIT is a leading independent software development and integration partner helping mobility leapfrog towards a clean, smart, and safe future. With 7000 automobelievers across the globe specializing in embedded software, AI, and digital solutions, KPIT accelerates clients' implementation of next-generation technologies for the future mobility roadmap. With engineering centers in Europe, the USA, Japan, China, Thailand, and India, KPIT works with leaders in automotive and mobility and is present where the ecosystem is transforming, according to the official website.

The company has announced an equity dividend of 18.5% or Rs 1.85 per share. The company's board of directors said in their BSE filing, "Pursuant to Regulation 42 & 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company has fixed Wednesday, August 17, 2022 as the record date for the purpose of payment of final dividend for FY 2021-22 & cut-off date for entitlement of the Members to cast their votes through e-voting for the 5th Annual General Meeting of the Company which is scheduled to be held on Wednesday, August 24, 2022. Request you to take note of the same."