Axis Bank Dividend: Last Day To Buy Shares To Qualify — Details Here

Shares of Axis Bank Ltd. will be of interest on Thursday as it marks the last session for investors to buy shares to qualify for dividend before the stock goes ex/record-date.

The record date determines the eligible shareholders who will receive the dividend payment. The ex-dividend date, which mostly coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.

For Axis Bank, a final dividend of Re 1 per share has been declared, with the ex/record date set for July 4.

The private lender posted a net profit of Rs 7,117.5 crore for the quarter ending March 31, 2025, showing a slight 0.1% year-on-year decline.

However, provisions and contingencies rose by 15% to Rs 1,359 crore, indicating increased expenses. Net interest income climbed by 6% to Rs 13,811 crore, with net interest margins improving by 4 basis points to 3.97% from the previous quarter. Despite the higher provisions and expenses impacting standalone net profit, the bank's overall financial performance remained stable.

Given India's T+1 settlement cycle, shares purchased on the record date (July 4 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by July 3 will be the beneficiaries.

Shareholders who wish to be eligible for these dividends must own the shares before the specified ex-record date.

Dividends are a way for companies to reward their shareholders.