Investors have until Friday, June 31 to purchase equity shares of companies including ICICI Bank, Coforge, Sai Silks, Lakshmi Engineering And Warehousing, Transrail Lighting, and others to become eligible for dividend payouts. According to reports from The Economic Times, nearly 100 stocks will trade ex-date between August 3 and August 7 for dividends and stock splits. These stocks will go ex-date on Monday, August 3, making today the final opportunity for investors to buy shares and receive the dividend benefits. Given India's T+1 settlement cycle, shares purchased on the record date will not be eligible for the dividend payment, making today the absolute last day for retail investors to qualify. The ex-dividend date marks when the share price adjusts to reflect the upcoming payout, with the record date determining the eligible shareholders who will receive the dividend payment.
ICICI Bank has recommended a dividend of ₹12 per share with a face value of ₹2 each. As reported by The Economic Times, the record date is August 3 for determining the names of members eligible for dividend on equity shares, if declared at the annual general meeting scheduled for August 21. This represents a significant payout for the private sector lender's shareholders. Dividends are a way for companies to reward shareholders, representing the portion of profits that companies distribute to shareholders as essentially a return on investment in the company's equity.
Coforge has declared an interim dividend of ₹4 per share with a face value of ₹2 each, fully paid up for FY27. According to The Economic Times, this dividend will be paid on or before Thursday, October 22, 2026, subject to deduction of tax at source. The company has set September 11 as the record date for payment of this dividend. Dividends are taxable in the hands of shareholders, with companies no longer required to pay the 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.
Coforge shares are currently trading at ₹1,718.9 on NSE and ₹1,722.3 on BSE as of July 31, 2026. The stock has shown mixed performance with a 1-year return of -1.98%, hitting a 52-week low of ₹1,008.1 and a high of ₹1,989.7. The company maintains a market capitalization of ₹77,373.78 crore with a PE ratio of 64.03 and PB ratio of 3.03. Mutual fund shareholding stands at 30% as of July 31, 2026. The stock has demonstrated resilience with a 3.9% increase over the past six months despite the annual decline.
Several other companies will also go ex-date on August 3, including Bannari Amman Spinning Mills (₹0.25 per share), Emkay Global Financial Services (₹1.50 per share), Kakatiya Cement Sugar & Industries (₹3.00 per share), Sai Silks (₹1.50 per share), Kanpur Plastipack (₹1.20 per share), Khazanchi Jewellers (₹0.50 per share), Lakshmi Engineering And Warehousing (₹10.00 per share), and Prima Plastics (₹2.00 per share). Transrail Lighting has also declared an interim dividend of ₹3 per share with a face value of ₹2 each. As per The Economic Times, around 12 companies have fixed August 3 as the record date for their respective dividends, with the most notable being ICICI Bank and Coforge.
Indian markets follow a trade day plus one day (T+1) settlement cycle, meaning shares settle one business day after the trade date. As reported by The Economic Times, this explains why the stock with the dividend record date of August 3, 2026 needs to be bought today to be eligible for the payout. Investors should note that the dividend will be paid only to those shareholders who are recorded in the company's books as of the record date. Given the Friday trading session, investors who own shares by July 31 will be the beneficiaries as markets are closed on weekends. The ex-dividend date marks when the share price adjusts to reflect the upcoming payout, with the record date determining the eligible shareholders who will receive the dividend payment.
