Today, July 23, several Indian companies including Novartis India, Pidilite Industries, and Aditya Birla Sun Life AMC will trade ex-dividend. Investors needed to own shares before this date under the T+1 settlement rule to qualify for dividend payouts.
Today, on July 23, several publicly listed companies including major names such as Novartis India Ltd, Pidilite Industries Ltd, Aditya Birla Sun Life AMC Ltd, Heritage Foods Ltd, and D. B. Corp Ltd are trading ex-dividend, as they finalize their eligible shareholder lists under the T+1 settlement cycle.
These five companies are the headline dividend stocks for the day, while others such as Advanced Enzyme Technologies, Greaves Cotton, K.P.R. Mill, NESCO, and Sonata Software also enter ex-date status.
Dividend Declarations and Payout Details
- Novartis India Ltd: Declared a final dividend of ₹25 per equity share (face value ₹5) for FY2024–25.
- Pidilite Industries Ltd: Recommended a final dividend of ₹20 per share.
- Aditya Birla Sun Life AMC Ltd: Proposed a ₹24 per share dividend for FY2024–25, subject to shareholder approval.
- Heritage Foods Ltd: Declared a final dividend of ₹2.50 per share (50% of face value), also subject to shareholder approval.
- D. B. Corp Ltd: Announced an interim dividend of ₹5 per share for FY2025–26.
Under the T+1 settlement system, investors had to purchase shares before July 22 to qualify for these dividends, as ownership is confirmed one business day post-trade.
Other Firms Trading Ex-Dividend on July 23
| Company Name | Dividend (₹/Share) |
| Advanced Enzyme Technologies Ltd | ₹1.20 |
| Banswara Syntex Ltd | ₹1.00 |
| Greaves Cotton Ltd | ₹2.00 |
| K.P.R. Mill Ltd | ₹2.50 |
| NESCO Ltd | ₹6.50 |
| Precision Camshafts Ltd | ₹1.00 |
| Sonata Software Ltd | ₹4.40 |
Expert Perspective on Market Dynamics
While dividends remain a crucial element in long-term wealth accumulation, today’s ex-dividend activity offers both opportunity and caution. Investors typically see minor price adjustments on the ex-date as the dividend value gets priced out of the stock. However, companies like Novartis and Pidilite, with historically consistent dividend policies and strong balance sheets, continue to attract income-focused portfolios.
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The trend of rewarding shareholders through dividend payouts, even amid tightening margins or inflationary concerns, reflects underlying confidence from management. However, volatility around ex-dates also increases due to short-term trading behavior, highlighting the need for investors to differentiate between fundamental strength and temporary price movement.
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