The Board of Directors of Orient Electric Ltd (ORIENTELEC) held its meeting on May 12, 2021. It has declared Final Dividend of Rs 1.25 per equity share for the financial year 2020-21. The Board of Directors’ meeting commenced at 4:00 PM and concluded at 5:50 PM.
Orient Electric Ltd Dividend Record Date
The record date/ cut-off date for the purpose of determining the name of members for entitlement of dividend, if declared, at the ensuing AGM of the Company, will be 22 July 2021.
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Moreover, to receive dividend, you must have shares in your demat account on record date. Hence, you should buy shares before ex-dividend date. Note – In conclusion, if you buy shares on ex-dividend date, you will not be eligible to receive dividend. Bookmark our website for latest and upcoming dividend announced by companies in 2021.
Above all, here is the copy of statement, the company has sent to the exchanges:
We hereby wish to inform you that the Board of Directors of the Company at their meeting held today, i.e. May 12, 2021 has recommended a final dividend of Re. 1.25 (@125%) per equity share of face value of Re. 1
each for the financial year ended March 31, 2021.
Important Dates
- Company – Orient Electric Ltd
- Script Name – ORIENTELEC (NSE) and 541301 (BSE)
- Dividend Amount – 1.25 Rs Per Share
- Dividend Type – Final
- Ex-Dividend Date – 20 July 2021
- Record Date – 22 July 2021
- Payment Date – 27 August 2021
Also, you can find more information about Orient Electric Ltd on National Stock Exchange and Moneycontrol – Orient Electric Limited (OEL) is an Indian multinational electrical equipment manufacturer, based in New Delhi and part of CK Birla Group. It is one of the leading consumer electrical brands in India selling fans, lighting, home appliances and switchgears.
