Investors should note that Wednesday, September 16, 2026, will mark the ex-dividend date for 15 Indian companies. These firms, spanning various sectors from mining to diagnostics, will determine shareholder eligibility for their final dividend payouts on this date.
Among the prominent names are Hindustan Copper Ltd, Garware Hi-Tech Films Ltd, and Vijaya Diagnostic Centre Ltd. The highest final dividend for this batch will be distributed by VST Tillers Tractors Ltd, offering Rs 25 per share.
Key Companies and Their Dividends
Here's a breakdown of the final dividends declared by some of the notable companies turning ex-dividend on September 16, 2026:
- Hindustan Copper Ltd: This Mini-Ratna PSU has announced a final dividend of Rs 1.86 per share for the financial year ended March 31, 2026. The record date for eligibility is September 16, with payment scheduled for October 23.
- Garware Hi-Tech Films Ltd: Shareholders will receive a final dividend of Rs 12 per share for the fiscal year ending March 31, 2026. The record date is September 16, and payments will be processed by October 23.
- Vijaya Diagnostic Centre Ltd: As a leading B2C diagnostic chain, the company will issue a final dividend of Rs 2 per share for the financial year ended March 31, 2026. The record date is September 16, and the dividend payment is expected by October 24.
- Vinati Organics Ltd: The specialty chemical manufacturer has declared a final dividend of Rs 8.50 per share for the financial year ending March 31, 2026. The record date is September 16, with payments to be made by October 23.
- VST Tillers Tractors Ltd: This power tiller manufacturer leads the list with the highest final dividend of Rs 25 per share for the financial year ended March 31, 2026. The record date is September 16, and payments are slated for October 23.
Other Companies Going Ex-Dividend
In addition to the companies detailed above, several other firms are also scheduled to turn ex-dividend on September 16, 2026. These include:
- Bannari Amman Sugars Ltd: Rs 12.50 per share
- Indo Tech Transformers Ltd: Rs 10 per share
- Eldeco Housing & Industries Ltd: Rs 9 per share
- TANFAC Industries Ltd: Rs 4.50 per share
- De Nora India Ltd: Rs 4 per share
- Prakash Pipes Ltd: Rs 2.40 per share
- Shilp Gravures Ltd: Rs 2.10 per share
- 63 Moons Technologies Ltd: Rs 2 per share
- The Phosphate Company Ltd: Rs 2 per share
- Ajmera Realty & Infra India Ltd: Re 1 per share
Understanding Ex-Dividend Dates
The ex-dividend date is crucial for investors. To be eligible for a dividend payment, an investor must own the stock before its ex-dividend date. If a stock is purchased on or after this date, the buyer will not receive the upcoming dividend payment, as the seller retains the right to it. The record date, typically one or two business days after the ex-dividend date, is when the company officially checks its records to identify shareholders entitled to the dividend.
Please note: This information is for informational purposes only and should not be considered investment advice. Investors are encouraged to consult with a qualified financial advisor before making any investment decisions.