Five stocks are turning ex-date today (March 11, 2026), offering investors opportunities for dividend capture and equity participation. According to reports from ET Now, the companies include Balmer Lawrie & Company Ltd, BCC Fuba India Ltd, Mangalore Refinery and Petrochemicals Ltd, Prabha Energy Ltd, and SBI Cards and Payment Services Ltd. These corporate actions include both interim dividends and rights issues, with the total dividend payout amounting to ₹10.75 per share.
SBI Cards and Payment Services Ltd has declared an interim dividend of ₹2.50 per share for FY26, representing 25% of the face value of each equity share with a face value of ₹10. The decision was approved by the company's Board of Directors during its meeting held on March 5, 2026. As reported by ET Now, Mangalore Refinery and Petrochemicals Ltd has also declared an interim dividend of ₹4 per share. All companies have set both their ex-dividend date and record date for March 11, 2026, ensuring uniform eligibility criteria for shareholders.
BCC Fuba India Ltd and Prabha Energy Ltd are both conducting rights issues of equity shares, with both ex-date and record date set for March 11, 2026. According to the report, rights issues allow existing shareholders to purchase additional shares at preferential prices. This corporate action provides existing shareholders with the opportunity to increase their stake in the company at discounted rates.
An ex-date determines when a stock trades without the benefit of a recently announced corporate action, such as a dividend or rights issue. As explained by ET Now, this date is crucial as it determines which shareholders are eligible to receive the upcoming dividend or corporate action. The ex-date mechanism ensures fair distribution of benefits among shareholders based on their holding period. For instance, investors holding 100 shares of SBI Cards prior to the ex-date would receive a ₹250 total dividend payout based on the declared amount of ₹2.50 per share. The dividend amount will be credited to shareholder's registered bank account, provided their name appears in the company's records as of the record date.
SBI Cards has maintained a stable interim dividend payout over the past several years, with the company declaring the same ₹2.50 per share dividend in February 2025 with a record date of February 25, 2025. According to ET Now, the company has distributed the same dividend amount in March 2024, March 2023, and March 2022. The latest interim dividend declaration reinforces SBI Cards' track record of consistent shareholder returns, with eligible investors receiving ₹2.50 per share as part of the company's FY26 interim payout.
