Dividend Alert: Prithvi Exchange, ASM Technologies Shares Trade Ex-Dividend Today

Investors and market participants are expected to closely monitor the shares of Prithvi Exchange (India) Ltd. and ASM Technologies Ltd. on Monday, February 24, 2025, as both companies are set to begin trading ex-dividend on this date. This development is significant for shareholders who wish to be eligible for the companies’ upcoming interim dividend payouts.

Understanding the Ex-Dividend Date and Record Date

An ex-dividend date is a crucial milestone in a company’s dividend distribution process. It marks the cutoff after which any new buyer of the stock will not be entitled to receive the declared dividend. For both Prithvi Exchange and ASM Technologies, the ex-dividend date has been set for February 24, 2025.

To be eligible for the upcoming dividend payout, investors must have purchased shares before this ex-dividend date. This ensures that their names appear in the company’s official shareholder records by the record date, which is the same day—February 24, 2025—for both companies.

T+1 Settlement Cycle and Eligibility Criteria

The T+1 settlement cycle, currently implemented in Indian financial markets, plays a key role in determining shareholder eligibility. Under this system, trades are settled one business day after the transaction date. Therefore, in order for investors to qualify for the dividend payout, they must have completed their purchase at least one trading day prior to the record date.

In this case, since the record date is set for Monday, February 24, 2025, investors needed to buy the shares on or before Friday, February 21, 2025. This timing allows for the completion of the T+1 settlement, ensuring that the investor’s name is officially recorded as a shareholder eligible to receive the dividend.

Market Activity Around Ex-Dividend Dates

Ex-dividend dates often trigger increased market activity and price fluctuations. Once a stock begins trading ex-dividend, its price typically adjusts downward by an amount roughly equivalent to the dividend payout, reflecting the loss of the immediate dividend benefit for new buyers. As a result, traders and investors tend to keep a close eye on stock price movements surrounding these dates.

Both Prithvi Exchange (India) Ltd. and ASM Technologies Ltd. are expected to witness heightened trading volumes and price volatility throughout the trading session on February 24, 2025, as market participants react to the companies’ dividend announcements.

Dividend Payout Details for ASM Technologies Ltd.

The Board of Directors of ASM Technologies Ltd. convened a meeting on Wednesday, February 12, 2025, where they reviewed and approved the financial results for the quarter ending December 2024. Alongside the financial review, the board declared an interim dividend for shareholders.

• Dividend Amount: The board approved an interim dividend of ₹1 per equity share.

• Dividend Percentage: This payout represents 10% of the face value of each equity share, which is set at ₹10 per share.

• Record Date: To determine shareholder eligibility, the company has fixed Monday, February 24, 2025, as the record date.

• Payout Schedule: The interim dividend will be distributed to eligible shareholders on or before March 11, 2025.

Investors who hold shares as of the record date will be entitled to receive the dividend declared by ASM Technologies. The company’s decision to declare an interim dividend reflects its financial performance and intention to reward shareholders during the ongoing financial year (2024-2025).

Dividend Payout Details for Prithvi Exchange (India) Ltd.

Similarly, the Board of Directors of Prithvi Exchange (India) Ltd. met on Friday, February 14, 2025, to consider and approve the company’s unaudited standalone and consolidated financial results for the quarter ending December 2024. During this meeting, the board also approved the declaration of an interim dividend for the financial year 2024-2025.

• Dividend Amount: The board declared an interim dividend of ₹1 per equity share.

• Dividend Percentage: This payout amounts to 10% of the face value of each share, with the face value set at ₹10 per fully paid-up equity share.

• Record Date: The company has fixed Monday, February 24, 2025, as the record date for determining shareholder eligibility.

• Eligibility Criteria: Investors whose names appear in the shareholder register as of the record date will qualify for the dividend payout.

The company’s dividend declaration reflects its intention to distribute a portion of its profits to shareholders as a reward for their continued investment. The payout also aligns with the company’s financial performance in the most recent quarter.

Both Prithvi Exchange (India) Ltd. and ASM Technologies Ltd. have scheduled their ex-dividend and record dates for February 24, 2025. Shareholders who purchased shares on or before February 21, 2025, under the T+1 settlement cycle, will be eligible to receive the interim dividends declared by both companies.

As trading activity around ex-dividend dates often experiences notable fluctuations, market participants are expected to monitor the price movements of both stocks closely. These dividend announcements are reflective of the companies’ ongoing commitment to shareholder returns, driven by their financial performance for the third quarter of the financial year 2024-2025.

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