5 Stocks to Trade Ex-Dividend Today or Tomorrow: NELCO, Asian Paints, and More
Dividend Stocks in Focus: Ex-Dividend Dates Ahead
Investors are keeping a close eye on several stocks that are set to trade ex-dividend today or tomorrow. These include NELCO, Asian Paints, Tata Elxsi Ltd, Indian Bank, Johnson Controls-Hitachi Air Conditioning India Ltd, and Tata Investment Corporation. The ex-dividend date is crucial for investors looking to benefit from dividend payouts.
Understanding Ex-Dividend Dates and Dividend Payouts
The ex-dividend date, as per the T+1 settlement procedure, is the cut-off date for investors to buy shares of a company to be eligible for the dividend payout. To receive the dividend, investors must purchase shares at least one day prior to the record date. The record date is set by the company to identify the list of shareholders eligible to receive the dividend.
Stocks Trading Ex-Dividend Today or Tomorrow
- NELCO Ltd: The company will trade ex-dividend today, with a recommended final dividend of ₹1 per share (10%) for the fiscal year ending March 31, 2025. The record date for NELCO is June 9, 2025.
- Asian Paints Ltd: Asian Paints will trade ex-dividend tomorrow, with a recommended final dividend of ₹20.55 per equity share for the fiscal year 2025. Including the interim dividend, the total dividend comes to ₹24.80 per equity share. The record date is June 10, 2025.
- Indian Bank: With a record date of June 10, 2025, Indian Bank announced a final dividend of ₹16.25 per share.
- Johnson Controls-Hitachi Air Conditioning India: The company announced a final dividend of ₹15 per share, with the record date set as June 10, 2025.
- Tata Investment Corporation: Tata Investment Corporation recommended a final dividend of ₹27 per share, with a record date of June 10, 2025.
Implications for Investors
Investors looking to benefit from these dividend payouts must ensure they purchase shares of these companies at least one day before the record date. The ex-dividend date is a critical factor in determining eligibility for dividend payments. Those who miss this deadline will not receive the dividend for the current fiscal year.
Conclusion and Future Developments
As these stocks trade ex-dividend, investors should stay informed about upcoming dividend announcements and record dates. Companies typically declare dividend payments based on their financial performance and shareholder approval. Monitoring these developments can help investors make informed decisions about their portfolios and dividend income.
