Bharti Airtel, Cummins et al. Among 90 Stocks To Go Ex-Dividend Over the Next 5 Days
By Ankur Chandra | Published at: Jul 17, 2025 12:40 PM IST
Mumbai, July 17 – Over 90 listed companies on the BSE will go ex-dividend between July 18 and July 23, 2025, marking the cutoff for shareholders to qualify for declared payouts, aligned with the T+1 settlement cycle. Major names include Shree Cement, which has recommended a hefty final dividend of ₹60 per share with a record date set for July 21, and Cummins India, offering ₹33.50 per share. Also in the high-payout list are Bharti Airtel (₹16), AstraZeneca Pharma India (₹32), and Pidilite Industries (₹20).
Voltamp Transformers announced a special dividend of ₹100 per share/. Neuland Laboratories is paying Rs 12 per share final dividend.
Key Ex-Dividend Dates and Payout Highlights
| Company | Ex-Date | Dividend Type | Amount (₹/share) |
|---|---|---|---|
| Cummins India Ltd | 18 Jul 2025 | Final | 33.50 |
| Bharti Airtel Ltd | 18 Jul 2025 | Final | 16.00 |
| AstraZeneca Pharma India Ltd | 18 Jul 2025 | Dividend | 32.00 |
| Shree Cement Ltd | 21 Jul 2025 | Final | 60.00 |
| Voltamp Transformers Ltd | 22 Jul 2025 | Final | 100.00 |
| Pidilite Industries Ltd | 23 Jul 2025 | Final | 20.00 |
| Novartis India Ltd | 23 Jul 2025 | Final | 25.00 |
| EL CID Investments Ltd | 23 Jul 2025 | Final | 25.00 |
| HCL Technologies Ltd | 18 Jul 2025 | Interim | 12.00 |
| Intellect Design Arena Ltd | 18 Jul 2025 | Final + Special | 7.00 (4+3) |
Other Notable Dividend Announcements
- Dabur India Ltd will pay ₹5.25 per share as final dividend.
- Magadh Sugar & Energy Ltd and Thangamayil Jewellery Ltd will distribute ₹12.50 per share.
- Neuland Laboratories Ltd, India Motor Parts & Accessories Ltd, and Symphony Ltd will pay ₹12.00, ₹20.00, and ₹8.00 per share respectively.
Dividends of Less Than ₹1 Per Share
Some smaller companies have declared modest dividends, including:
| Company | Dividend (₹/share) |
|---|---|
| Citadel Realty & Developers Ltd | 0.50 |
| Mangalam Global Enterprise Ltd | 0.01 |
| Bhatia Communications & Retail | 0.01 |
| Wires & Fabriks SA Ltd | 0.10 |
Timeline and Eligibility
Shareholders must own the stock at least one day prior to the ex-date to be eligible for the dividend, as India follows a T+1 settlement cycle. Most companies have set actual payment dates on or shortly after the ex-date, suggesting efficient dividend disbursal processes.
About Dividend Ex-Dates
The ex-dividend date is critical for investors seeking dividend income. On this date, the stock typically trades without the value of its upcoming dividend, often resulting in a slight price adjustment. Investors purchasing shares on or after the ex-date are not entitled to the dividend.
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