Patanjali Foods, Prestige Estates among 13 dividend stocks to watch: Last day to buy

Investors tracking dividend-paying stocks have their eyes on Patanjali Foods and Prestige Estates Projects, as today marks the last day to purchase shares of these companies to be eligible for their final dividends.

With Wednesday, September 3, being the record date, only those holding shares at the end of today’s trading session will qualify for the payouts.

Patanjali Foods, a major FMCG and edible oil company, has declared a 100% final dividend, amounting to Rs 2 per share. For long-term investors, such dividends also signal management’s confidence in the company’s growth trajectory and cash flows.

Real estate major Prestige Estates has also announced a final dividend of 18%, or Rs 1.8 per share, rewarding its shareholders amid strong momentum in the housing and commercial real estate segments.

Several other companies have also fixed September 3 as the record date for their final dividends. These include Concord Biotech with a whopping 1070% dividend at Rs 10.7 per share, V.S.T. Tillers Tractors Ltd. at 200% or Rs 20 per share, and Asahi India Glass, which has declared a 200% dividend at Rs 2 per share.

Others on the list are Carraro India (45.5% @ Rs 4.55), International Combustion (India) (40% @ Rs 4), Pokarna Ltd (30% @ Rs 0.6), GeeCee Ventures (20% @ Rs 2), Yash Highvoltage (20% @ Rs 1), Danish Power (15% @ Rs 1.5), Prevest Denpro (10% @ Rs 1), and Kovilpatti Lakshmi Roller Flour Mills (5% @ Rs 0.5).

With ex-dividend dates kicking in tomorrow, traders and income-focused investors looking to capture dividend income must ensure they have these shares in their demat accounts by the end of today’s trading session.

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