Persistent Systems, R R Kabel shares dividend: Record date on Monday. Last chance to buy

Synopsis

Persistent Systems and R R Kabel have set July 14 as the record date for dividend eligibility, prompting investor interest. Persistent Systems announced a final dividend of Rs 15 per share, yielding 0.35%, while R R Kabel declared Rs 3.5 per share, with a yield of 0.41%.

Shares of Persistent Systems and R R Kabel are among a few other companies that may grab the limelight in Friday’s session as these companies had fixed July 14 as the record date for determining dividend eligibility for their shareholders.

This means that the investors who buy the shares of these companies by the end of today’s trading session will be eligible to receive the respective dividends from the companies.

Indian financial markets follow a T+1 settlement system. Under the T+1 settlement cycle, an investor must purchase shares at least one day before the record date to qualify for the dividend. If the shares are bought on or after the ex-dividend date, the buyer will not be eligible for the dividend payout.

Persistent Systems

The company has announced a final dividend of Rs 15 per share for the eligible shareholders, with July 14 as the record date.

“We wish to inform you that the Board of Directors of the Company, at its meeting held in April 2025, has recommended the Final Dividend of INR 15 (INR Fifteen) per Equity Share of INR 5 (Five) each for the Financial Year 2024-25 subject to the approval by Members,” the company said in a previous filing to the exchanges.

In the past 12 months, Persistent Systems has declared an equity dividend amounting to Rs 20 per share, and at a share price of Rs 5,661.50, Persistent Systems’ dividend yield is 0.35%.

R R Kabel

The board of R R Kabel had announced a final dividend of Rs 3.5 per share, fixing July 14 as the record date.

“Pursuant to Regulation 42 of the SEBI Listing Regulations, the Company has fixed the 'Record Date' for the payment of final dividend as follows: Monday, 14 July 2025 : Determination of Members eligible for payment of final dividend of Rs. 3.50/- per equity shares (i.e. 70% of the face value) for FY 2024-25,” the company had informed to the stock exchanges.

Over the past 12 months, R R Kabel has announced an equity dividend of Rs 5.50 per share. With a share price at Rs 1,343.90, the dividend yield stands at 0.41%.

A few other companies that will start trading ex-dividend from Monday are as follows:

• Bimetal Bearings- Rs 13 per share
  
• Craftsman Automation- Rs 5 per share
  
  
• GHCL Textiles- Rs 0.5 per share
  
• Super Sales India- Rs 2.5 per share
  
• Wendt (India)- Rs 20 per share
  

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

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