Eight Stocks Turn Ex-Dividend, Payouts Range Up to Rs 40 Per Share

Indian Companies to Turn Ex-Dividend This Week

Several major Indian companies are set to turn ex-dividend this week, with announced payouts ranging from Rs 0.8 to Rs 40 per share for FY26.

ITC Hotels to Turn Ex-Dividend on May 21 ITC Hotels will turn ex-dividend on May 21 for its final dividend of Rs 1 per equity share. The company had announced the dividend along with its Q4 and FY26 results on May 15, when the stock last closed at Rs 153.65.

Engineering and Infrastructure Companies to Turn Ex-Dividend Larsen & Toubro has declared a final dividend of Rs 38 per equity share for FY26, with the ex-dividend and record date fixed as May 22. The stock last closed at Rs 3,911. L&T Technology Services has also announced a final dividend of Rs 40 per equity share for FY26, subject to shareholder approval at the upcoming annual general meeting. The ex-dividend and record dates are scheduled for May 22, with the stock last closing at Rs 3,570.

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Havells India to Turn Ex-Dividend on May 22 Havells India will turn ex-dividend on May 22 for its final dividend of Rs 6 per equity share, which was announced on April 22. The stock last closed at Rs 1,199.9.

L&T Finance and Other Companies to Turn Ex-Dividend L&T Finance will also turn ex-dividend on May 22 for its final dividend of Rs 2.75 per equity share. The company said the dividend payout will be completed by June 27, ahead of its AGM scheduled for May 29. The stock was last trading at Rs 280.

Other Companies to Turn Ex-Dividend Himadri Speciality Chemical and Jindal Saw are also scheduled to turn ex-dividend on May 22 for final dividends of Rs 0.8 and Rs 2 per equity share, respectively. Himadri’s dividend remains subject to shareholder approval at its AGM on June 11, while Jindal Saw said the payout is scheduled for June 28.

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Great Eastern Shipping Turns Ex-Dividend Earlier in the Week Earlier in the week, Great Eastern Shipping turned ex-dividend on May 20 for its fourth interim dividend of Rs 11.7 per equity share for FY26. The stock last closed at Rs 1,682.