Four major companies have announced their dividend record dates around May 25, with shares going ex-dividend on Friday, May 22. According to exchange filings, Tata Consultancy Services Ltd. has set May 25 as the record date for its ₹31 final dividend, which will be paid on June 12. Tata Consumer Products Ltd. has declared a ₹10 dividend for FY26 with the same record date of May 25, 2026, while LTM Ltd. has announced a ₹53 final dividend subject to approval at its annual general meeting by June 10, 2026. Siyaram Silk Mills Ltd. has recommended a special interim dividend of ₹4 per share. Given India's T+1 settlement cycle, shares purchased on the record date will not be eligible for the dividend payment, making investors who own shares by May 22 the beneficiaries.
As reported by the company in its exchange filing, TCS has set May 25 as the record date for its ₹31 final dividend, which will be paid on June 12. This brings the total dividend distributed for the fiscal year to ₹110 per share. The ex-dividend date, which coincides with the record date, marks when the share price adjusts to reflect the upcoming payout, making Friday the last trading session for retail investors to purchase shares to qualify for the dividend. The payout represents a significant portion of the company's profit distribution to shareholders.
According to the company's announcement, Tata Consumer Products Ltd. has recommended a ₹10 dividend per equity share for FY26 with May 25, 2026 as the record date. The dividend will be paid on or after June 15, 2026, subject to shareholder approval at the company's 63rd Annual General Meeting. The company stated this represents its highest dividend payout since 2009. Given India's T+1 settlement cycle, shares purchased on the record date will not be eligible for the dividend payment, making investors who own shares by May 22 the beneficiaries.
As reported, dividends are taxable in shareholders' hands, and companies are no longer required to pay Dividend Distribution Tax (DDT). The TDS on dividend income for resident individuals is 10% if the dividend amount exceeds ₹5,000 in a financial year. According to market practice, dividends are a way for companies to reward shareholders, representing a portion of profits distributed to equity shareholders through final, interim, and special dividends. Such payments are made through final, interim, and special dividends, essentially returning a portion of the investment shareholders make in the company's equity.
