Gillet India, Indian Oil, Sun Pharma dividend update: Shares of Gillet India, Indian Oil Corporation (IOC) and Sun Pharmaceuticals will start trading ex-dividend, starting today, February 9. The dividends have been announced for the financial year 2021-22 and the record date to ascertain shareholders in companies' book has been fixed as February 10.  

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Gillet India dividend (Rs 33 per share)
The Board of Directors of the Company at its Meeting held on February 2, 2022, have recommended an Interim dividend of Rs 33 per equity share of face value of Rs. 10 each for the financial year 2021-22. The said Interim dividend will be payable to those shareholders whose names appear in the Register of Members of the company or in the records of the Depositories as beneficial owners of the shares as at the close of business hours on Thursday, February 10, 2022 (Record date). Ahead of record date, shares of Gillet India closed Tuesday with Rs 38.45 gain or higher by 0.76% to Rs 5124.70 a share on the BSE. A renowned name in FMCG business, shares of Gillet touched 52-week value of Rs 5064.20 per share on the BSE on February 7. Gillet India is engaged in manufacturing and selling of branded packaged fast moving consumer goods in the grooming and oral care businesses

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Indian Oil Corporation (Rs 4 per share)

The Board of Directors of IOC has declared 2d Interim Dividend of Rs 4 per equity share of face value of Rs.10/- each for the year 2021-2022. The dividend would be paid to eligible shareholders on or before March 2, 2022. "The Board has fixed Thursday, 10th February 2022 as the "record date" for the purpose of ascertaining the eligibility of shareholders for payment of 2"d interim dividend," the company had said in regulatory filing on January 31. Shares of oil marketing and distribution company closed more than one per cent lower to Rs 121.25 apiece on the BSE.  

Sun Pharmaceuticals (Rs 7 per share)

Sun Pharma has declared an interim dividend of Rs 7 per equity share of Re. 1/- each of the Company for the financial year ending on March 31 , 2022.

"The Board of Directors of the Company has fixed Thursday, February 10, 2022 as the Record Date to determine the names of the equity shareholders, who shall be entitled to receive payment towards Interim Dividend of the Company for the financial year 2021- 22. The payment of the interim dividend would be made to the eligible shareholders on or before February 22, 2022," the pharmaceuticals company has said in a BSE filing on January 31. This pharma share ended marginally higher by Rs 6.40 to Rs 893.80 per share on the BSE on Tuesday.  

Ex-dividend date means one who buys shares of a particular company on or after the ex-dividend date will not be entitled to the dividend announced by the company, however, one who holds the shares of the given company before the ex-dividend date is entitled to the dividend. Record date is the day when a company decides which shareholders are eligible for the dividend payout announced by the company. Ex-dividend date is usually one business day before the record date and is set by stock exchange rules.