Tata Power Company, Life Insurance Corporation of India (LIC), Hindustan Unilever Limited (HUL), and several other prominent companies are set to trade ex-dividend this week, marking key dates for shareholders to receive dividend payouts. Investors holding shares before the ex-dividend date are eligible for the declared dividends.
Key Ex-Dividend Dates and Dividend Amounts
Tata Power has fixed Wednesday, June 24, as the ex-dividend date for its final dividend of Rs 2 per equity share. LIC will trade ex-dividend on Thursday, June 25, for an interim dividend of Rs 6 per share. HUL’s ex-dividend date is Friday, June 26, with a final dividend of Rs 19 per share.
Other stocks going ex-dividend this week include Coal India, which will trade ex-dividend on June 24 for a dividend of Rs 5.25 per share, and ITC, set for June 25 with a dividend of Rs 6.25 per share. Bajaj Finance will go ex-dividend on June 26, offering a dividend of Rs 10 per share.
Impact on Share Prices
When a stock trades ex-dividend, its share price typically adjusts downward by the dividend amount on the ex-date, reflecting the payout. For example, if a stock closes at Rs 100 on the day before ex-date and declares a Rs 2 dividend, it will open at around Rs 98 on the ex-date. However, market factors can influence actual price movements.
According to market analysts, investors often buy shares before the ex-dividend date to capture the dividend, but they should be aware of the price adjustment. “The net benefit is zero if you buy just for the dividend, as the price drops accordingly,” said a senior analyst at Motilal Oswal Financial Services.
Record Dates and Payment Timeline
The record date for determining eligible shareholders is typically one day after the ex-dividend date. For Tata Power, the record date is June 25; for LIC, June 26; and for HUL, June 29. Dividends are usually credited to bank accounts or dispatched within 30 days of the record date.
Shareholders are advised to check their demat accounts and ensure their bank details are updated with the registrar for seamless credit. Companies like Tata Power and HUL have already announced the dividend payment schedule, with payouts expected in July.
List of Other Stocks Trading Ex-Dividend
- June 24: Coal India (Rs 5.25), NTPC (Rs 3.50), Power Grid Corporation (Rs 4.00)
- June 25: ITC (Rs 6.25), Maruti Suzuki (Rs 35), Sun Pharmaceutical (Rs 4.00)
- June 26: Bajaj Finance (Rs 10), HDFC Bank (Rs 15.50), Reliance Industries (Rs 8.00)
These dividends are part of the companies’ final or interim payouts for the fiscal year 2025-26. Investors should note that dividends are taxable as per their income tax slab, with TDS applicable if the dividend exceeds Rs 5,000 in a financial year.
