Today, July 24, 2026, marks the final trading day for investors to acquire shares of Persistent Systems Ltd and Wipro Ltd if they wish to be eligible for the upcoming dividend payouts. Both prominent IT companies are set to trade ex-dividend next week, on Monday, July 27, 2026.
Understanding Ex-Dividend Dates and T+1 Settlement
Under the Securities and Exchange Board of India's (SEBI) T+1 settlement cycle, shares purchased are credited to an investor's demat account one trading day after the transaction. To qualify for a dividend, shares must be in the investor's demat account by the record date. Therefore, buying shares on Friday, July 24, 2026, ensures they are settled in time for the July 27 record date.
Persistent Systems Dividend Details
Persistent Systems has declared a final dividend of Rs 18 per equity share, based on a face value of Rs 5, for the financial year 2025-26 (FY26). This recommendation was made by the company's Board of Directors in April 2026 and is subject to shareholder approval at the 36th Annual General Meeting (AGM) scheduled for Monday, August 3, 2026. If approved, the dividend will be disbursed within 30 days of its declaration.
Wipro's Interim Dividend
Wipro has announced an interim dividend of Rs 2 per equity share, with a face value of Rs 2. The Board of Directors approved this payout during their meeting held between July 15-16, 2026. The record date for Wipro's interim dividend is also July 27, 2026, and the payment is scheduled to be made on or before August 14, 2026.
Other Companies Going Ex-Dividend
In addition to Persistent Systems and Wipro, several other companies are also slated to trade ex-dividend on July 27, 2026. These include Amara Raja Energy & Mobility Ltd, Birla Cable Ltd, Crisil Ltd, Deepak Nitrite Ltd, DLF Ltd, Everest Industries Ltd, KCP Ltd, Tata Capital Ltd, Universal Cables Ltd, and Vindhya Telelinks Ltd. Investors interested in these payouts should also note today as the last day to buy.