Overview

• India’s T+1 trading cycle requires that shares be bought by July 3 for the July 4 record date since trades executed on the record date settle too late for dividend eligibility.
• Tech Mahindra tops the list with a ₹30 per share final dividend, followed by Mahindra & Mahindra at ₹25.3, Nestle India at ₹10, Bharat Forge at ₹6, Axis Bank at Re 1 and Biocon at Re 0.5.
• Nearly 40 companies, including Axis Bank, JSW Infrastructure and Max Healthcare, have clustered ex-dividend and record dates in late June and early July, intensifying pre-deadline trading.
• Final dividend declarations came after Q4 FY25 results showed mixed revenue and profit trends, highlighting varied sector performances under cost pressures.
• Investors should be aware that share prices typically adjust downward on the ex-dividend date, affecting portfolio valuations even as cash payouts boost income.