Two major corporate actions hit the market this week — LIC’s ₹10/share dividend (record date June 25) and Bajaj Auto’s ₹5,633 crore buyback (record date June 24). Here is everything you need to know about who gets paid, who qualifies, and the full corporate action calendar for the week.
🏛️ LIC Dividend — ₹10 Per Share
| Detail | Information |
|---|---|
| Dividend Amount | ₹10 per share (Final Dividend FY26) |
| Record Date | June 25, 2026 (Tomorrow) |
| Ex-Dividend Date | June 26, 2026 |
| Payment Date | Expected July 5–10, 2026 |
| LIC Current Price | ~₹998/share (as of June 24 close) |
| Dividend Yield | ~1.0% (on current price) |
Who gets the dividend? Anyone who holds LIC shares in their demat account at the end of June 25, 2026 will receive ₹10 per share. Even if you buy today (June 24) and hold through June 25, you qualify.
❓ Should You Buy LIC Today for the Dividend?
Short answer: Only if you were already planning to buy LIC.
- LIC will likely fall by approximately ₹10 on June 26 (ex-date) — the stock price adjusts down by the dividend amount
- So buying today at ₹998, collecting ₹10 dividend, and selling on June 26 at ₹988 = zero net gain (before tax)
- Dividend tax: If your income is in the 30% bracket, you pay 30% tax on ₹10 = ₹3 tax. Net dividend received = ₹7
- Real opportunity: Buy LIC for medium-term holding (3–6 months) — the dividend is a bonus, not the primary reason
🏍️ Bajaj Auto Buyback — ₹5,633 Crore
| Detail | Information |
|---|---|
| Buyback Size | ₹5,633 crore |
| Buyback Price | ₹12,000 per share |
| Record Date | June 24, 2026 (Today) |
| Buyback Type | Tender offer |
| Current Market Price | ~₹9,850/share |
| Premium to Market | ~21.8% premium |
Should you tender? The buyback price of ₹12,000 vs market price of ₹9,850 = 21.8% premium. If you hold Bajaj Auto and are eligible (on record as of June 24), tendering is generally attractive. However, acceptance ratio will be low given the premium — not all shares tendered will be accepted.
📅 Full Corporate Action Calendar — June 23–27, 2026
| Company | Action | Amount | Record Date | Ex-Date |
|---|---|---|---|---|
| Bajaj Auto | Buyback | ₹12,000/share | June 24 ✅ Today | — |
| LIC of India | Dividend | ₹10/share | June 25 Tomorrow | June 26 |
| Asian Paints | Dividend | ₹23/share | June 26 | June 27 |
| HUL (Hindustan Unilever) | Dividend | ₹27.50/share | June 26 | June 27 |
| Power Grid | Dividend | ₹7/share | June 27 | June 28 |
| Titan Company | Dividend | ₹11/share | June 26 | June 27 |
💡 How to Maximise Dividend Income — Key Rules
- Buy before record date, not ex-date: You must hold shares by close of record date. Settlement in India is T+1, so buy at least 1 trading day before record date
- Tax efficiency: If you are in 20% tax bracket or below, dividends are more tax-efficient. In 30% bracket, consider Dividend Reinvestment Plans (DRIPs) instead
- Don’t buy ONLY for dividends: Unless the stock is fundamentally strong, the ex-date price drop usually negates the dividend gain
- Record eligible stocks in your watchlist: Companies with consistent dividend history (LIC, TCS, Infosys, HDFC Bank, Asian Paints) are better long-term candidates
🔮 LIC Outlook — Beyond the Dividend
LIC at ₹998 is trading below its listing price of ₹949 (IPO was at ₹902 — it has recovered well). Key factors:
- Investment book: LIC holds ₹45+ lakh crore in AUM — largest institutional investor in India
- Embedded value: Growing at 12–15% annually — significant unrealised value
- Headwinds: Market share loss to private insurers (HDFC Life, SBI Life, Max Life)
- Target: Brokerages have ₹1,100–1,250 price targets for 12-month horizon
Disclaimer: For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing. Dividend amounts and dates should be verified on BSE/NSE official announcements before acting.
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