- Shares of ICICI Bank, Grasim Industries, RITES and others go ex-dividend Monday
- ICICI Bank will pay Rs 11 per share, highest since 2014 stock split
- Grasim Industries declared a Rs 10 dividend for shareholders
Shares of ICICI Bank Ltd., Grasim Industries Ltd., RITES Ltd. and seven other companies will be of interest on Monday, as it marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.
The record date determines shareholder eligibility for receiving a dividend.
Under India's T+1 settlement cycle, shares purchased on the record date itself will not qualify for the dividend payment. Hence, if the record date of a dividend stock is Aug. 12, then shares must be purchased by Aug. 11.
The ex-dividend date, which typically coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.
Dividend Stocks To Watch
ICICI Bank is set to pay shareholders a dividend of Rs 11 per share for the financial year 2025, the highest ever dividend since its stock split in 2014.
Grasim Industries, an Aditya Birla Group company, has announced a dividend of Rs 10.
PSU company RITES will issue an interim dividend of Rs 1.3.
Other notable companies set to give dividends are Arvind Fashions Ltd., H.G. Infra Engineering Ltd., and India Pesticides Ltd.
Dividends are a way for companies to reward their shareholders. Such payouts can be annual through a final dividend or a special and interim dividend.
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