On 15 July 2025, five prominent Indian stocks—IDBI Bank, Mahindra & Mahindra Financial Services (Mahindra Finance), Aditya Birla Real Estate (ABREL), Grindwell Norton, and Kirloskar Pneumatic—will trade ex-dividend. Investors who held these stocks as of the record date (14 July 2025) remain eligible for payouts ranging from ₹2 to ₹17 per share.
NewsBytes
IDBI Bank: Rs. 2.10/share final dividend
Mahindra Finance: Rs. 6.50/share final dividend
ABREL: Rs. 2.00/share final dividend
Grindwell Norton: Rs. 17.00/share (subject to AGM approval)
Kirloskar Pneumatic: Rs. 6.50/share (subject to AGM approval)
Background and Context
These companies declared record dates on 14 July 2025, meaning investors must have purchased shares at least one day before, due to the T+1 settlement cycle. The ex-dividend date coincides with this record date—shares bought on or after this date are not eligible for current dividend payments.
Detailed Dividend Snapshot
IDBI Bank Ltd.
Dividend: ₹2.10 per share (FV ₹10)
Declared for FY25; pending AGM approval
Mahindra & Mahindra Financial Services
Dividend: ₹6.50 per share (325% on FV ₹2)
Recommended at Board meeting on 22 April 2025 for FY25
Aditya Birla Real Estate Ltd. (ABREL)
Dividend: ₹2.00 per share (20% on FV ₹1), down from 50% last year
Subject to approval at its 128th AGM
Grindwell Norton Ltd.
Dividend: ₹17.00 per share (340% on FV ₹5) for FY25
Ex-dividend trading subject to final AGM approval on 25 July
Kirloskar Pneumatic Company Ltd.
Dividend: ₹6.50 per share (325%) for FY25
Payment contingent on approval at upcoming AGM
Broader Implications
Trading impact: Stocks typically see a drop in share price equivalent to the dividend on ex-date—important for short-term traders and income-focused investors.
Taxation note: While companies pay Dividend Distribution Tax, investors must consider tax implications under current Indian regulations.
Portfolio strategy: Dividends provide yield, but buying before ex-date must be balanced against potential price adjustments and market conditions.
What Lies Ahead
| Company | Next Action |
|---|---|
| Drill deeper | Analyze upcoming AGMs for approvals |
| Price behavior | Watch ex-dividend pricing post-trade |
| Reinvestment view | Evaluate reinvestment or yield strategy |
Conclusion
Five Indian mid-cap stocks are today going ex-dividend—marking a key opportunity for yield-focused investors ahead of FY25 distributions. IDBI Bank and Mahindra Finance offer modest payouts, while industrial peers like Grindwell Norton offer deeper yields. Sellers and buyers should weigh immediate cash gains against possible short-term price adjustment.
