As many as 38 companies including Maruti Suzuki, Grasim Industries, IDFC First Bank and others are set to turn ex-record date for dividends on Friday (August 7), effectively making today the last day for interested investors to buy the shares to be eligible for payments.
As per SEBI's T+1 settlement cycle, investors must buy a company's shares at least one trading day before the record date to ensure the shares are credited to their demat accounts in time, and they become eligible for the corporate action. Accordingly, today is the last opportunity for investors to buy the shares so they are credited to their accounts by Friday, making them eligible for the dividends.
Maruti Suzuki accounts for the highest dividend payout among all the companies which have fixed Friday as the record date. The automaker is all set to reward its shareholders with a final dividend of Rs 140 per share.
The company in April had announced the dividend, which is set to be paid on September 9. Maruti Suzuki said that it will pay a total of Rs 4,401.6 crore as part of the dividend payout for the financial year 2026. This is higher than the automaker’s Rs 4,244.4 crore dividend payout (Rs 135 per share) in the previous financial year.
Maruti Suzuki has declared 23 dividends since July, 2004, according to data on Trendlyne. The company had paid a dividend worth Rs 135 apiece last year, Rs 125 apiece the year before and Rs 90 in 2023.
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Which other companies have fixed Friday as the record date for dividends?
ABB India comes next on the list, as the company will pay its shareholders a special dividend of Rs 90 per share. Chennai Petroleum Corporation will pay a final dividend of Rs 54 per share, while Avanti Feeds, Grasim Industries, Jasch Gauging Technologies, PI Industries, United Breweries, and Venus Remedies will pay dividends of Rs 10 per share each. Sharda Cropchem will pay a final dividend of Rs 9 per share, Ipca Laboratories will pay Rs 6 per share, KEC International and Nava will pay Rs 5.5 per share each, BDH Industries will pay Rs 5 per share, and Lodha Developers will pay Rs 4.25 per share.
Bhagwati Autocast and Jayant Agro-Organics will each pay a final dividend of Rs 3.5 per share, while Mukand, Netweb Technologies India, and Quess Corp will pay Rs 3 per share each. Shyam Metalics And Energy will pay Rs 2.7 per share, and Aarvi Encon and Wonderla Holidays will pay Rs 2 per share each.
Arvind Fashions will pay a final dividend of Rs 1.6 per share, while Rubicon Research, Sahyadri Industries, Shri Dinesh Mills, Tube Investments of India, and Varroc Engineering will pay Rs 1.5 per share each. Cholamandalam Financial Holdings will pay Rs 1.3 per share, Aditya Birla Lifestyle Brands and BN Rathi Securities will pay Rs 0.5 per share each and JTEKT India will pay a final dividend of Rs 0.75 per share.
Steelcast will pay an interim dividend of Rs 0.45 per share, Westlife Foodworld will pay an interim dividend of Rs 0.4 per share, and IDFC First Bank, Manba Finance, and Sagility will pay Rs 0.25 per share, Rs 0.25 per share, and Rs 0.1 per share, respectively.
In addition, Jojo will turn ex-record date for a stock split.
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