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Dividend is a corporate action that can supplement your income and is given out by the company you hold shares in from its accumulated profits.

Dividend pay out ratio is computed by dividing dividend paid with the net earnings.

Then after we have given in a brief of the dividend, there are other important details in the slides below:

Types

Types of dividend

There are 3 types of dividend that may be announced by the company:

1. Interim dividend: primarily it is paid out before the companys annual general meeting (AGM) and the declaration of final financial results. And is usually given or paid out during the year it is authorized by the companys board. This dividend probably accompanies the companys interim financials. Typically, it is the smaller of the 2 payments made out to the companys shareholders.

2. Final dividend: This is again a board approved dividend pay-out, which is also approved by the companys shareholders in the Annual general meeting (AGM).

3. Special dividend: This dividend is out of the regular dividend payment cycle and is chiefly a larger pay out. Typically a non-recurring, one-time payment it is higher than the standard dividend pay-out of the firm.

Important

Important Dividend dates:

Dividend declaration date: Date of approval of dividend rate (per share) by the companys board of directors is said to be the declaration date.

Ex-dividend date: This is the cut off day usually a day before the record date when the stock trades without the value of next dividend pay-out. To be eligible for the last announced dividend, you need to buy the stock before the ex-dividend date as the trading and settlement system follows T+2 days.

Dividend Record date: This date is proposed by the board of directors to determine the shareholders who will be eligible for the dividend pay out. As per the regulation, there needs to be a minimum gap of 5 days between dividend declaration date and the record date. And hence the record date is the date by which you should be holding shares in your demat account to be eligible for the next pay out. Say for instance, BPCL has given the ex-dividend date for its upcoming dividend date as September 16, 2021, then you can actually the shares of BPCL by maximum to be eligible to receive the lucrative dividend of Rs. 58 per share.

Cum Dividend date: Last day to buy the shares in order to be eligible to receive the dividend pay-out. This is usually one business day prior to the ex-dividend date.

Dividend issue or payment date: Payment of dividend as per rules has to be completed within 30 days from its approval. And eligible shareholders usually receive the pay out before this date.

Impact

Impact of Dividend pay out on the share price

Dividend payment reduces market price of equity share by dividend with effect from ex-record date. Say for instance if the share price of a stock which declared the dividend was Rs. 10 and the dividend that it declared per share amounts to Rs. 2 per share then Ex-dividend market price of the share will be Rs. 10-2= Rs. 8

Upcoming

Upcoming Ex-Dividend Dates

Company NameDividend DateRecord DateDividend(%)Interim/Final/Dividend
Fluidomat 16/09/21 19/09/21 33 Final
Mawana Sugars 16/09/21 18/09/21 30 Final
Sika Interplant Sys 16/09/21 20/09/21 40 Final
Wabco India 16/09/21 17/09/21 220 Final
Kellton Tech Solut. 16/09/21 20/09/21 5 Final
ADF Foods 16/09/21 18/09/21 30 Final
Incap 16/09/21 18/09/21 10 Final
Patels Airtemp (I) 16/09/21 20/09/21 25 Final
Star Paper Mills 16/09/21 18/09/21 25 Final
Suryalata Spg Mills 16/09/21 19/09/21 20 Final
Neogen Chemicals 16/09/21 20/09/21 23 Final
Fredun Pharma 16/09/21 20/09/21 7 Final
Apollo Micro Systems 16/09/21 17/09/21 3 Final
ICE MakeRefrigeratio 16/09/21 19/09/21 12 Final
Manaksia Coated 16/09/21 18/09/21 3 Final
Lakshmi Mills Co 16/09/21 18/09/21 15 Final
Talbros Auto Compont 16/09/21 20/09/21 20 Final
Wealth First Port 16/09/21 17/09/21 10 Final
Somany Home Innovat. 16/09/21 18/09/21 15 Final
Shree Pushkar Chem 16/09/21 18/09/21 10 Final
Metroglobal 16/09/21 17/09/21 20 Final
Andhra Petrochem 16/09/21 20/09/21 15 Final
Excel Industries 16/09/21 18/09/21 225 Final
BPCL 16/09/21 18/09/21 230 Final
BPCL 16/09/21 18/09/21 350 Special
LIC Housing Finance 16/09/21 19/09/21 425 Final
REC 16/09/21 17/09/21 17 Final
Shree Ajit Pulp 16/09/21 18/09/21 10 Final
Paisalo Digital 16/09/21 19/09/21 10 Final
GIC Housing Fin 16/09/21 18/09/21 40 Final
International Convey 16/09/21 18/09/21 100 Final
Gujarat Hotels 16/09/21 17/09/21 18 Final
Medicamen Biotech 16/09/21 19/09/21 10 Final
Capital India 16/09/21 17/09/21 1 Final
La Opala R G 16/09/21 18/09/21 75 Final
Bal Pharma 16/09/21 18/09/21 10 Final
NACL Industries 16/09/21 18/09/21 15 Final
Guj. Alkalies & Chem 15/09/21 17/09/21 80 Final
Diana Tea 15/09/21 17/09/21 10 Final
India Gelatine &Chem 15/09/21 17/09/21 25 Final
eClerx Services 15/09/21 17/09/21 10 Final
Bharat Bijlee 15/09/21 17/09/21 50 Final
Nirlon 15/09/21 17/09/21 80 Final
West Coast Paper 15/09/21 17/09/21 50 Final
HSIL 15/09/21 17/09/21 200 Final
PBM Polytex 15/09/21 17/09/21 15 Final
Haldyn Glass 15/09/21 17/09/21 60 Final
Sri KPR Industries 15/09/21 17/09/21 10 Final
Magna ElectroCasting 15/09/21 17/09/21 15 Final
HBL Power Sys 15/09/21 17/09/21 35 Final
Amarjothi Spg. Mills 15/09/21 17/09/21 21 Final
ITL Industries 15/09/21 17/09/21 5 Final
Sandhar Tech 15/09/21 17/09/21 10 Final
Aditya Vision 15/09/21 17/09/21 50 Final
Superhouse 14/09/21 15/09/21 10 Final
Sandur Manganese 14/09/21 15/09/21 100 Final
Aries Agro 14/09/21 15/09/21 8 Final
ITD Cementation 14/09/21 19/09/21 12 Final
TN Newsprints 14/09/21 16/09/21 30 Final
Super Tannery 14/09/21 16/09/21 5 Final
NDR Auto Components 14/09/21 16/09/21 10 Final
Manaksia 13/09/21 15/09/21 150 Final
J Kumar Infraproject 13/09/21 15/09/21 20 Final
Fiem Inds 13/09/21 15/09/21 160 Final
Bliss GVS Pharma 13/09/21 15/09/21 50 Final
Bharat Seats 13/09/21 15/09/21 25 Final
Honda India Power 13/09/21 15/09/21 100 Final
Grovy India 09/09/21 14/09/21 1 Final
GNA Axles 09/09/21 13/09/21 25 Special
GNA Axles 09/09/21 13/09/21 25 Final
Sayaji Industries 09/09/21 14/09/21 20 Final
Oricon Enterprises 09/09/21 14/09/21 25 Final
Hisar Metal Inds 08/09/21 13/09/21 10 Final
Pondy Oxides & Chem. 08/09/21 12/09/21 25 Final
Kamdhenu 08/09/21 10/09/21 8 Final
TV Today Network 08/09/21 09/09/21 50 Final
PTC India 08/09/21 11/09/21 55 Final
Acrysil 08/09/21 10/09/21 60 Final
IOL Chem & Pharma 08/09/21 12/09/21 20 Final
Mangalore Chem &Fert 08/09/21 10/09/21 10 Final
Themis Medicare 08/09/21 11/09/21 43 Final
Genus Power Infra 08/09/21 10/09/21 50 Final
Ugar Sugar Works 08/09/21 10/09/21 20 Final
Sumedha Fiscal Serv 08/09/21 11/09/21 10 Final
Maris Spinners 08/09/21 11/09/21 10 Final
Dhunseri Investments 08/09/21 10/09/21 25 Final
Gulf Oil Lubricant 08/09/21 10/09/21 450 Final
Steel City Securitie 08/09/21 11/09/21 10 Final
Naga Dhunseri 08/09/21 11/09/21 25 Final
Singer India 08/09/21 10/09/21 25 Final
Mangalam Cement 08/09/21 12/09/21 15 Final
GSFC 08/09/21 13/09/21 110 Final
Lohia Securities 08/09/21 11/09/21 27 Final
Premier Polyfilm 08/09/21 11/09/21 10 Final
Ajmera Realty&Infra 08/09/21 11/09/21 14 Final
Jocil 08/09/21 11/09/21 30 Final
Pilani Investment 08/09/21 10/09/21 150 Final
Rossari Biotech 08/09/21 11/09/21 25 Final
Creative Castings 08/09/21 11/09/21 100 Final
Salasar Techno Engg. 08/09/21 12/09/21 10 Final
Shree Ganesh Remed. 08/09/21 11/09/21 18 Final
Anjani Portland Cem. 07/09/21 09/09/21 50 Final
Beardsell 07/09/21 09/09/21 5 Final
Prince Pipes & Fitti 07/09/21 08/09/21 20 Final
Goodricke Group 07/09/21 09/09/21 30 Final
Capri Global Capital 07/09/21 08/09/21 20 Final
Radix Industries (I) 07/09/21 09/09/21 5 Final
Jeevan Scientific 07/09/21 08/09/21 5 Final
Shivalik Bimetal 07/09/21 09/09/21 15 Final
Compucom Software 07/09/21 09/09/21 15 Final
Panasonic Carbon 07/09/21 09/09/21 120 Final
Compuage Infocom 07/09/21 09/09/21 10 Final
Bharat Rasayan 06/09/21 08/09/21 15 Final
Transpek Industry 06/09/21 08/09/21 75 Final
Albert David 06/09/21 07/09/21 60 Final
Oriental Rail Infra 06/09/21 08/09/21 20 Final
Deccan Cements 06/09/21 07/09/21 100 Final
Care Ratings 06/09/21 07/09/21 60 Final
Heranba Industries 06/09/21 08/09/21 7 Final
Dutron Polymers 06/09/21 08/09/21 12 Final
Subros 06/09/21 08/09/21 35 Final
PI Industries 06/09/21 08/09/21 200 Final
S.P. Apparels 03/09/21 07/09/21 23 Final
Sarthak Metals 03/09/21 07/09/21 10 Final
Victoria Mills 03/09/21 07/09/21 50 Final
Banco Products (I) 03/09/21 07/09/21 100 Final
Zee Entertainment 02/09/21 03/09/21 250 Final
Surya Roshni 02/09/21 03/09/21 15 Final
Manali Petro 02/09/21 06/09/21 30 Final
TN Petro Products 02/09/21 06/09/21 25 Final
MMP Industries 02/09/21 03/09/21 10 Final
Garden Reach Ship 02/09/21 04/09/21 12 Final
Ashiana Housing 02/09/21 04/09/21 20 Final
Kovai Medical Center 02/09/21 04/09/21 30 Final
JTEKT India 02/09/21 04/09/21 15 Final
Coal India 02/09/21 03/09/21 35 Final
Transformers & Rect 02/09/21 04/09/21 10 Final
PNB Gilts 02/09/21 04/09/21 30 Final
Lambodhara Textiles 01/09/21 03/09/21 20 Final
GeeCee Ventures 01/09/21 02/09/21 19 Final
K.P.R. Mill 01/09/21 03/09/21 15 Final
JB Chem & Pharma 01/09/21 03/09/21 400 Final
TPL Plastech 01/09/21 03/09/21 35 Final
Mallcom 01/09/21 03/09/21 30 Final
Josts Engineering 01/09/21 03/09/21 30 Final
LG Balakrishnan&Bros 01/09/21 03/09/21 100 Final
Banna Amman Sugars 01/09/21 03/09/21 100 Final
Ashok Leyland 31/08/21 02/09/21 60 Final
Galaxy Surfactants 31/08/21 01/09/21 40 Final
Advanced Enzyme 31/08/21 01/09/21 45 Final
Rossell India 31/08/21 02/09/21 15 Final
Poddar Pigments 31/08/21 02/09/21 25 Final
Premco Global 31/08/21 01/09/21 30 Interim
India Cements 31/08/21 02/09/21 10 Final
Power Finance Corp 31/08/21 01/09/21 23 Interim
Century Plyboards(I) 31/08/21 02/09/21 100 Final
India Motor Parts 30/08/21 01/09/21 100 Final
Prima Plastics 30/08/21 01/09/21 15 Final
Nalin Lease Finance 30/08/21 01/09/21 5 Final
Jenburkt Pharma 30/08/21 01/09/21 102 Final
Kitex Garments 30/08/21 01/09/21 150 Final
HLE Glascoat 30/08/21 01/09/21 40 Final
Bengal & Assam 30/08/21 01/09/21 75 Final
Kanco Tea & Inds. 30/08/21 01/09/21 10 Final
JK Agri Genetics 30/08/21 01/09/21 15 Final
SIL Investments 27/08/21 30/08/21 25 Final
H.G. Infra Engg. 27/08/21 31/08/21 8 Final
Dynamic Cables 27/08/21 31/08/21 3 Final
Computer Age Man 27/08/21 30/08/21 65 Interim
CEAT 27/08/21 30/08/21 180 Final
Aurobindo Pharma 27/08/21 30/08/21 150 Interim
Panama Petrochem 27/08/21 31/08/21 100 Final
Sutlej Textiles&Inds 27/08/21 30/08/21 30 Final
Amines & Plastic 27/08/21 30/08/21 20 Final
KCP 26/08/21 28/08/21 200 Final
PPAP Automotive 26/08/21 28/08/21 10 Final
Edelweiss Financial 26/08/21 28/08/21 55 Final
Suprajit Engineering 26/08/21 28/08/21 100 Final
AIA Engineering 26/08/21 28/08/21 450 Final
Neelamalai Agro Inds 26/08/21 28/08/21 300 Final
Rishiroop 26/08/21 28/08/21 12 Final
GRM Overseas 26/08/21 27/08/21 33 Interim
Likhitha Infrastruct 26/08/21 28/08/21 15 Final
Hindcon Chemicals 26/08/21 29/08/21 15 Final
Hindcon Chemicals 26/08/21 28/08/21 10 Interim
Kalyani Steels 26/08/21 28/08/21 150 Final
Kirloskar Brothers 26/08/21 27/08/21 150 Final
Electrost Castings 26/08/21 28/08/21 25 Final
Indo Count Inds 26/08/21 27/08/21 75 Final
Salzer Electronics 26/08/21 27/08/21 16 Final
Ganesha Ecosphere 26/08/21 29/08/21 20 Final
Multi Commodity Exch 26/08/21 28/08/21 276 Final
Kanchi Karpooram 26/08/21 28/08/21 40 Final
Geekay Wires 26/08/21 28/08/21 21 Final
DCM Shriram Inds. 25/08/21 27/08/21 25 Final
Solex Energy 25/08/21 27/08/21 3 Final
Hindustan Zinc 25/08/21 26/08/21 NA Interim
Kakatiya Cemen Sugar 25/08/21 27/08/21 30 Final
Hikal 25/08/21 26/08/21 50 Final
Polyplex Corporation 25/08/21 26/08/21 330 Interim
Action Const. Equip 25/08/21 27/08/21 25 Final
D.B. Corp 25/08/21 26/08/21 20 Interim
Kanpur Plastipack 25/08/21 27/08/21 18 Final
TVS Srichakra 25/08/21 27/08/21 300 Final
Fermenta Biotech 25/08/21 27/08/21 50 Final
Tanfac Industries 25/08/21 26/08/21 35 Interim
Recourse

Recourse in case of non-receipt of the dividend by the eligible shareholder even by the dividend payment date

You need to immediately report the same to the RTA and the company. The RTA contact details can be known from the companys website or from the SEBI link. In case of non-satisfactory resolution from the RTA, you can raise your grievance with the SEBI SCORES portal or mobile app.

Disclaimer:

Disclaimer:

Note the above ex-date list is collated to give you a idea on the companies that in sometime will issue the dividend and surely you need not bet on a stock just in the lure of a dividend and there are other fundamental and technical attributes that you need to watch out for.

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