68 Indian stocks turn ex-dividend Friday, led by 3M India and MRF
Today is the final trading day for investors to buy shares in 68 Indian companies to qualify for Friday's dividend payouts, a roster headlined by massive distributions from 3M India and MRF.
Today marks the final opportunity for investors to purchase shares in 68 Indian companies and still qualify for their scheduled dividend payouts. Under India's T+1 settlement cycle, shares must be in a buyer's demat account by the record date of Friday, making today's session the effective cutoff for eligibility.
The batch of payouts is headlined by 3M India, which is distributing the largest overall dividend at Rs 506 per share. This comprises a final dividend of Rs 160 per share alongside a special dividend of Rs 346 per share. Tyre manufacturer MRF follows with a payout of Rs 229 per share, while Honeywell Automation India and Pfizer are returning Rs 110 and Rs 75 per share, respectively.
Major blue-chip names are also part of the ex-dividend roster. IT services firm HCL Technologies fixed Friday as the record date for its interim dividend of Rs 12 per share. The payout accompanies the company's first-quarter results for fiscal 2027, which showed a 20% year-on-year increase in consolidated net profit to Rs 4,624 crore.
Consumer goods giant Dabur India is distributing a final dividend of Rs 5.50 per share for the 2025-26 financial year. Kotak Mahindra Bank has set its record date for a dividend of Rs 0.65 per share, a figure that reflects the lender's stock split that became effective in January. Prior to that split, the bank's annual dividends ranged from Rs 1.50 to Rs 2.50 per share.
Beyond the top-tier names, the broad list of companies turning ex-dividend highlights cash returns across the industrial and consumer sectors. Notable payouts include Cummins India at Rs 46 per share, Shree Cement at Rs 70 per share, and pharmaceutical company Lupin at Rs 18 per share. Central Depository Services (India) will distribute Rs 12.75 per share, while Blue Star is paying Rs 8.50 per share.
For market professionals, the clustering of record dates triggers immediate technical price adjustments as equities begin trading ex-dividend. More broadly, the scale of the payouts across industrial, financial, and consumer sectors signals robust balance sheets and a continued commitment by Indian corporates to return capital to shareholders.
