The record date is the cut-off date set by the company to determine which shareholders are eligible to receive the dividend. If you are a shareholder on the record date, you will receive the dividend, regardless of when you purchased the shares.
Meanwhile, the ex-date (or ex-dividend date) is the first day a stock trades without the dividend. On or after this date, new buyers of the stock will not be entitled to the upcoming dividend. The ex-date is typically set one business day before the record date.
Under the T+1 settlement system, applicable in Indian equity markets, trades are settled one working day after the transaction date. Therefore, investors must buy shares by June 19, for the transaction to be settled and reflected in their demat accounts by the record date.
Bajaj Auto
Shares of Bajaj Auto will start trading ex-bonus on Friday, June 20 for its Rs 210 per share dividend, which means that today is the last day for investors to purchase Bajaj Auto shares and remain eligible to receive the said dividend.“Pursuant to Regulation 42 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, the Company has fixed Friday, 20 June 2025 as the record date for determining entitlement of members to dividends for the financial year ended 31 March 2025,” the company said in a previous filing to the stock exchanges.The payment of the said dividend will be made on August 8.
The shares of Bajaj Auto were trading flat at Rs 8,507.65 on the BSE at around 10 am today.
Also read: India a great place to invest; it is expensive because you are paying for long-term growth: Deepak Shenoy
Tata Power
The board of Tata Power announced a final dividend of Rs 2.25 per share for its eligible shareholders, fixing June 20 as the record date.
“The Board has recommended a final dividend of Rs 2.25 per Equity Share of Rs 1 each (@ 225%) to the members for the financial year ending March 31, 2025,” the company informed.
“If approved by the members at the AGM, will be paid, subject to deduction of tax at source, on and from Monday, July 7, 2025 as under: i. to all beneficial owners in respect of shares held in electronic form as per the data as may be made available by depositories at the close of business hours on Friday June 20, 2025,” the exchange filing further read.
Around 10 am today, the shares of Tata Power were trading 0.5% lower at Rs 391.35 on the BSE.
Here is a list of other companies that will start trading ex-dividend from Friday:
Bank of India – Final dividend of Rs 4.05 per share (40.5%)
Greenlam Industries – Final dividend of Rs 0.4 per share (40%)
HDFC Life Insurance – Final dividend of Rs 2.1 per share (21%)
Mawana Sugars – Final dividend of Rs 1 per share (10%)
Punjab National Bank – Final dividend of Rs 2.9 per share (145%)
Rossari Biotech – Final dividend of Rs 0.5 per share (25%)
Solitaire Machine Tools – Final dividend of Rs 2 per share (20%)
Supreme Industries – Final dividend of Rs 24 per share (1200%)
Swastika Investmart – Final dividend of Rs 0.6 per share (30%)
Torrent Pharmaceuticals – Final dividend of Rs 6 per share (120%)
Transcorp International – Final dividend of Rs 0.3 per share (15%)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
By
