Dividend Alert: NSDL, IREDA, Kalyan Jewellers and 11 other stocks to turn ex-dividend this week

Dividend-focused investors have a busy week ahead as more than 100 listed companies are scheduled to turn ex-dividend, putting several well-known stocks on the market radar.

Among the companies attracting attention are APL Apollo Tubes, Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), Force Motors, Zee Entertainment Enterprises, Waaree Energies, NSDL, IREDA and Kalyan Jewellers.

A company’s record date is used to determine which shareholders are eligible to receive a declared dividend. Investors should also note that some of the payouts mentioned below remain subject to shareholder approval.

Here is a day-by-day look at some of the key dividend events scheduled for this week.

September 8: APL Apollo Tubes dividend

APL Apollo Tubes has fixed September 8 as the record date for its proposed final dividend of ₹8.50 per share.

The dividend is based on shares with a face value of ₹2 each. However, the proposed payout is subject to approval at the company’s upcoming annual general meeting, scheduled for September 15.

September 9: GNFC, Force Motors and other stocks

September 9 is another important date for investors tracking dividend-paying companies.

Force Motors has announced a dividend of ₹50 per share, while Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) has proposed a final dividend of ₹21 per share. According to the supplied details, GNFC’s dividend payment is expected to be made on or after September 18.

Other companies featuring on the September 9 dividend calendar include Century Plyboards (India), which has a final dividend of ₹1 per share, and Travel Food Services, with a dividend of ₹10.25 per share.

September 10-11: Zee Entertainment, NSDL and IREDA in focus

Zee Entertainment Enterprises is also among the companies investors will be watching during the week. The company has proposed a final dividend of ₹2 per share, with eligibility determined through its record date, subject to shareholder approval.

The biggest concentration of dividend-related activity comes on September 11, when around 60 companies are scheduled to turn ex-dividend, according to the supplied report.

Several prominent companies have payouts lined up for shareholders, including:

Company      	                Dividend per share
Waaree Energies	                ₹2
The Phoenix Mills	            ₹2.50
Heidelberg Cement India 	    ₹7
Techno Electric & Engineering	₹7
NSDL	                        ₹4
IREDA	                        ₹0.75
Asahi India Glass	            ₹2

The ₹4 per share final dividend proposed by NSDL is among the payouts likely to attract investor attention. Renewable-energy financier IREDA has proposed a final dividend of ₹0.75 per share.

Waaree Energies, meanwhile, has proposed a ₹2 per share final dividend, while The Phoenix Mills has announced ₹2.50 per share.

September 12: Kalyan Jewellers dividend record date

Kalyan Jewellers has set September 12 as its record date for determining shareholders eligible for its proposed final dividend.

The jewellery company has proposed a dividend of ₹2.50 per share. The payout remains subject to shareholder approval at its forthcoming annual general meeting, scheduled for September 18.

What investors should know about dividend record dates

A record date is an important cutoff for determining which shareholders qualify for a company's dividend. Investors looking to receive a payout need to understand the applicable ex-dividend and record-date timelines rather than relying solely on the dividend announcement.

The stock price can also adjust around the ex-dividend date because the value of the upcoming dividend is reflected in the market price.

Investors should therefore consider the company’s financial performance, dividend history, valuation and future prospects rather than buying a stock solely because it is approaching a dividend date.

Dividend stocks to watch this week

The combination of large-cap names, PSUs and other listed companies makes this week’s dividend calendar particularly relevant for income-focused investors.

Stocks such as NSDL, IREDA, GNFC, Force Motors, APL Apollo Tubes, Zee Entertainment and Kalyan Jewellers feature among the companies with notable dividend events.

However, investors should verify the final record date, ex-dividend date and shareholder-approval status through the respective company’s exchange filings before taking any investment decision.

Important Note

Dividend announcements and record dates can change depending on corporate approvals and exchange disclosures. The information above is based on the supplied source material and is intended for informational purposes, not as investment advice.