4 Dividend Stocks to Trade Ex-Date on July 10: Key Details and Eligibility Explained

New Delhi, July 9, 2025: Four companies – Dr Reddy’s Laboratories, LMW (Lakshmi Machine Works), Wheels India, and Diffusion Engineers – are scheduled to trade ex-dividend on Thursday, July 10, 2025. To be eligible for these dividends, shareholders must own these stocks before the ex-date. Once a stock trades ex-dividend, the entitlement to the latest declared dividend lapses for new buyers.

What is an Ex-Dividend Date?

The ex-dividend date, often referred to as the “ex-date,” is the crucial date that determines who receives the dividend. It is the first day when a stock trades without the right to the latest declared dividend. To qualify for the dividend payment, an investor must have purchased the shares and held them in their demat account at least one trading day prior to the ex-dividend date. The record date, which usually follows the ex-date, is when the company officially checks its records to identify eligible shareholders.

Due to the T+1 (trade date plus one business day) settlement cycle in India, holding shares by the end of day on July 9, 2025, is necessary to be eligible for the dividends going ex-date on July 10, 2025. On the ex-dividend date, the stock price typically adjusts downwards by roughly the amount of the dividend, reflecting the fact that new buyers will not receive that payment.

Dividend Details for July 10 Ex-Date Stocks

Here are the specific dividend announcements and record dates for each of the four companies:

1. Dr Reddy’s Laboratories

• Dividend Amount: ₹8 per equity share (face value ₹1)
• Financial Year: FY2024-25
• Ex-Date: July 10, 2025
• Record Date: July 10, 2025
• Status: The dividend has been recommended by the board of directors and is awaiting final approval from shareholders at the upcoming Annual General Meeting (AGM). Historically, Dr Reddy’s has paid dividends consistently. For FY24, they declared a dividend of ₹40 per share, which was an adjusted ₹8 per share after a stock split.

2. LMW (Lakshmi Machine Works)

• Dividend Amount: ₹30 per equity share (face value ₹10)
• Financial Year: FY2024-25
• Ex-Date: July 10, 2025
• Record Date: July 10, 2025
• Status: The dividend is subject to shareholder approval at the company’s upcoming AGM, scheduled for July 17, 2025. LMW has a history of regular dividend payouts, with a final dividend of ₹75 per share declared in FY24 and ₹99 in FY23.

3. Wheels India

• Dividend Amount: ₹7.03 per equity share (representing 70.3% of the ₹10 face value)
• Financial Year: FY2024-25 (year ending March 31, 2025)
• Ex-Date: July 10, 2025
• Record Date: July 10, 2025
• Status: If approved at the AGM, the dividend is expected to be paid on or before August 15, 2025. Wheels India also has a history of consistent dividend payments, including an interim dividend of ₹5 per share in FY25 and a final dividend of ₹7.39 per share in FY24.

4. Diffusion Engineers

• Dividend Amount: ₹1.50 per equity share (representing 15% of the ₹10 face value)
• Financial Year: FY2024-25
• Ex-Date: July 10, 2025
• Record Date: July 10, 2025
• Status: Final approval for this dividend is anticipated at the AGM scheduled for July 22, 2025, with payment expected to follow within 30 days thereafter. Diffusion Engineers has a short dividend history, with this appearing to be its first dividend post-listing, having recently gone public.

Other Stocks in Focus

In addition to these four companies, several other stocks are also set to trade ex-dividend today, July 9, 2025. These include Pfizer, Mphasis, Elegant Marbles & Grani Industries, Johnson Controls-Hitachi Air Conditioning India, Kabra Extrusiontechnik, S.J.S. Enterprises, SML Isuzu, and Sundaram Finance. This makes for a busy day for dividend-focused investors in the market.

To receive the announced dividends, ensure your shares in the aforementioned companies are reflected in your demat account by the end of the day on July 9, 2025.

What Does This Mean for the Investors?

Investors aiming for dividend income must ensure they buy and hold shares of these companies by July 9 to qualify for the payouts. Stocks like Dr Reddy’s, LMW, and Wheels India offer attractive dividends, with strong track records, while Diffusion Engineers offers a new opportunity post-listing. On July 10, expect these stocks to open lower by the dividend amount due to the ex-dividend adjustment. This also creates short-term trading opportunities or long-term value picks, depending on investor goals. Timely action and awareness of record dates are key to benefiting from dividend strategies.

To receive the announced dividends, ensure you hold these stocks in your demat account by the end of the day on July 9, 2025.

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