Investors tracking the Indian stock market should note that a significant number of companies, including major players like Laurus Labs Ltd, National Aluminium Company Ltd (Nalco), and Quess Corp Ltd, will have their shares turn ex-dividend on Friday, May 8, 2026. This means that to be eligible for the announced dividends, investors must have purchased these shares before today's trading session.
Key Companies and Their Dividend Details
Among the companies reaching their ex-dividend date today, several have announced specific payouts:
- Laurus Labs Ltd: The pharmaceutical company announced an interim dividend of Rs 1.20 per share. May 8 also serves as the record date, with payment scheduled for May 20.
- National Aluminium Company Ltd (Nalco): This metals and mining giant declared a second interim dividend of Rs 2 per share. The record date is also May 8, and the dividend will be disbursed by May 30.
- Quess Corp Ltd: The business services provider is issuing a special dividend of Rs 3 per share. Shareholders on record as of May 8 will receive this payment on May 21.
Other Companies Going Ex-Dividend
Beyond these prominent names, several other firms are also turning ex-dividend today, offering varying payouts:
- SNL Bearings Ltd: Rs 15 per share
- KSB Ltd: Rs 4.40 per share
- Sundram Fasteners Ltd: Rs 4.25 per share
- Somany Ceramics Ltd: Rs 4 per share
- Omax Autos Ltd: Rs 2.50 per share
- Ramkrishna Forgings Ltd: Rs 1 per share
- Premier Energies Ltd: Re 0.75 per share
- Central Bank of India: Re 0.60 per share
What 'Ex-Dividend' Means for Investors
The ex-dividend date is a crucial cutoff point for investors. If you buy a stock on or after its ex-dividend date, you will not be entitled to the upcoming dividend payment. Conversely, if you own the stock before the ex-dividend date, you will receive the dividend, provided you hold it through the record date. The record date, often the same as the ex-dividend date or one business day after, is when the company checks its records to determine which shareholders are eligible to receive the dividend.
Additionally, Alka India Ltd shares will turn ex-date for a bonus issue today, with a ratio of 6:1.