Synopsis: Several heavyweight stocks, including Reliance Industries, ICICI Bank, HPCL, BEL, Jio Financial, and Pidilite, are set to turn ex-dividend next week. Investors should note the record dates to ensure eligibility for dividend payouts.
Dividend Week Ahead: RIL, ICICI Bank, BEL, HPCL Among Key Stocks Turning Ex-Dividend
The upcoming week on Dalal Street will witness several blue-chip and mid-cap companies turning ex-dividend as part of their corporate action schedules. Among the big names, Reliance Industries Ltd (RIL), Hindustan Petroleum Corporation Ltd (HPCL), ICICI Bank Ltd, Jio Financial Services Ltd, Bharat Electronics Ltd (BEL), Pidilite Industries Ltd, and Godrej Consumer Products Ltd will be in focus.
RIL’s board has recommended a final dividend of ?5.50 per share (face value ?10 each) for FY25, with August 14 set as the record date. Eligible shareholders will receive the dividend within a week after the company’s AGM.
ICICI Bank has proposed a final dividend of ?11 per equity share (face value ?2 each), with August 12 as the record date. HPCL’s final dividend stands at ?10.50 per share (face value ?10), with August 14 as the record date.
Jio Financial Services has declared a ?0.50 per share dividend (face value ?10), with August 11 as the record date. Grasim Industries (?10 per share, record date August 12), BEL (?0.90 per share, record date August 14), Pidilite Industries (?10 per share, record date August 13), and Godrej Consumer Products (?5 per share, record date August 13) are also part of the dividend lineup.
Market sentiment remains cautious, with Vinod Nair, Head of Research at Geojit Financial Services, noting that consolidation has dominated since July due to trade tensions, weak earnings, and foreign investor selling. However, the RBI’s optimistic stance on domestic growth and early signs of easing inflation offer some comfort.
Nair advises investors to track global trade developments, corporate earnings, and inflation data closely, while focusing on consumption-driven sectors that may weather volatility better.
Disclaimer:This article is for informational purposes only and does not constitute investment advice. Investors should consult with a certified financial advisor before making trading or investment decisions.
