Today, February 20, 2026, marks a significant day for dividend-focused investors as 29 Indian stocks turn ex-date, making it one of the most substantial dividend distribution days. According to ET Now, companies including Alkem Laboratories Ltd and Indian Railway Catering and Tourism Corporation Ltd have announced interim dividends, while Titan Biotech Ltd trades ex-split from ₹10 to ₹2 face value. The combined dividend payout across all companies stands at approximately ₹129 per share, representing a slight increase from the previously reported ₹128.86 per share.
Alkem Laboratories Ltd offers the highest dividend at ₹43 per share, while Bhatia Communications & Retail (India) Ltd declares the lowest at ₹0.01. As reported by ET Now, other notable dividend amounts include ₹15.5 from India Nippon Electricals Ltd, ₹15 from Nirlon Ltd, and ₹5.5 from Firstsource Solutions Ltd. The wide range in dividend amounts reflects varying corporate cash positions and payout policies across different sectors, with Power Finance Corporation Ltd declaring ₹4 per share and PTC India Ltd offering ₹3 per share.
Titan Biotech Ltd is the only stock undergoing a stock split, moving from ₹10 to ₹2 face value on the ex-date. According to ET Now, other companies with corporate actions include Devika Proteins Ltd with a resolution plan suspension, and PTC India Ltd and RACL Geartech Ltd with interim dividends of ₹3 and ₹1.5 respectively. These corporate actions will impact share prices and trading mechanics for affected stocks, with Info Edge (India) Ltd also declaring an interim dividend of ₹2.4 per share.
The ex-date serves as the cut-off date for dividend eligibility, as reported by ET Now. Investors must hold shares before the ex-date to qualify for the declared dividend. This mechanism ensures that only existing shareholders receive the benefits of the announced dividends, while new purchases made on or after the ex-date will not be entitled to the upcoming dividend payments. The ex-date is set by companies to determine which shareholders are eligible to receive the declared dividend, with the cut-off date being February 20, 2026 for today's distribution.
