After the release of the financial results of the first quarter of the current financial year (Q1 FY27) in the Indian stock market, the period of distributing dividends to shareholders in the corporate world has reached its peak. A total of 89 listed companies are set to trade ex-dividend during the trading week of August 17 to August 21, 2026. This week's list includes many multibaggers and large-cap companies like investor favorite defense PSU Mazagon Dock, railway PSU RVNL, housing finance giant LIC Housing Finance, Mahanagar Gas, Sun TV, Page Industries, Bata India, Jindal Steel and Patanjali Foods. If you are working on a strategy to earn passive income (regular passive income) from the stock market, then this week is going to prove to be very important for your portfolio. Complete time-table from 17th to 21st August: How many companies will have ex-dividend on which day? The process of determining dividend eligibility in shares of companies of different sectors will run on all five days of this business week. The day-wise schedule is as follows: August 17 (Monday): A total of 13 companies will go ex-dividend on the first day of the week. Prominent among them are HUDCO (HUDCO – ₹1.50), NBCC India (NBCC – ₹0.15), bank (₹1.50), Manappuram Finance (₹1.00), Delta Corp (₹0.50), Indo Count Industries (₹1.50), SKF India (₹20.00) and Yamuna Syndicate (₹500.00). August 18 (Tuesday): On the second day, 15 companies will examine their record books. These include Rail Vikas Nigam Limited (RVNL – ₹0.71), Mahanagar Gas (MGL – ₹18.00), Sun TV Network (₹5.00), Route Mobile (₹2.00), Serma SGS Technology (₹1.50) and Bombay Oxygen (₹25.00). August 19 (Wednesday): 14 companies will trade ex-dividend on the third day. On this day, investors will keep a special eye on footwear giant Bata India (₹25.00), Page Industries (₹200.00), Honda Power Products (₹23.00), LG Balakrishnan (₹22.00), JK Paper (₹4.00) and Flair Writing (₹0.50). August 20 (Thursday): 15 companies will enter the ex-date on the fourth day. In this, defense shipbuilders Mazagon Dock Shipbuilders (₹4.62), Natco Pharma (₹1.50), Marxons Pharma (₹0.90), NIIT (₹1.00) and La Opala RG (₹5.00) will be mainly in focus. August 21 (Friday): The last day of the week will prove to be the busiest for corporate India, when 32 companies will go ex-dividend simultaneously. These include LIC Housing Finance (₹10.00), GE Vernova T&D India (₹10.00), Hitachi Energy India (₹8.00), Jindal Steel & Power (₹2.00), Jindal Stainless (₹3.00), Vadilal Industries (₹17.00), Patanjali Foods (₹2.30) and Zain Technologies (₹1.00). Selected shares with huge dividends: Big pay-out in Page Industries, Bata and Mahanagar Gas This week, there are some companies which are going to distribute huge dividends per share: Page Industries: This giant company manufacturing Jockey brand innerwear has declared a bumper interim dividend of ₹ 200 per share for its shareholders. Its ex-dividend date has been fixed as August 19. Yamuna Syndicate: Auto component and trading company Yamuna Syndicate has announced a huge dividend of ₹ 500 per share, the ex-date of which is August 17. Mahanagar Gas Limited (MGL): City gas distribution major Mahanagar Gas will go on ex-date for final dividend of ₹18 per share on August 18. Bata India: Leading footwear retailer Bata India will distribute a final dividend of ₹25 per share to its investors, the ex-date of which is August 19. Honda Power and LG Balakrishnan: Honda Power Products will process dividend of ₹23 per share and LG Balakrishnan of ₹22 per share on August 19. Defense and Railways PSUs in action: Eyes set on Mazagon Dock, RVNL and HUDCO This week has also brought great returns for shareholders investing in public sector (PSU) companies: Mazagon Dock Shipbuilders: Mazagon Dock, the country's leading warship manufacturing company under the Defense Ministry, has recommended a final dividend of ₹ 4.62 per share. The company will enter the ex-date on August 20. Rail Vikas Nigam Limited (RVNL): Railway infrastructure sector's Navratna PSU RVNL will go ex-dividend on August 18 for a final dividend of ₹0.71 per share. HUDCO: Housing and Urban Development Corporation will decide a final dividend of ₹1.50 per share on August 17. NBCC India: Navratna real estate PSU NBCC will go ex-dividend on August 17 for an interim dividend of ₹0.15. 'Super Friday' of August 21: Line up of power, metal and home finance companies On Friday, August 21, it will be a very busy day for traders and long-term investors as 32 companies will be ex-dividend in the market: LIC Housing Finance: The mortgage lender company has declared a dividend of ₹ 10 per share. GE Vernova T&D India: This leading company in the power transmission sector has fixed a dividend pay-out of ₹ 10 per share. Hitachi Energy India: The multinational electrical infrastructure company is going to pay a dividend of ₹ 8 per share. Jindal Steel & Power and Jindal Stainless: In the metal sector, Jindal Steel will distribute a dividend of ₹2 per share and Jindal Stainless will distribute ₹3 per share. Patanjali Foods and Zain Technologies: FMCG giant Patanjali Foods will pay a dividend of ₹2.30 per share and drone-defense simulator maker Zain Technologies will pay a dividend of ₹1.00 per share. Mathematics of ex-dividend and record date: When will you get dividend on buying shares? Often new investors are confused about which day they should buy shares to get dividends. It is very easy to understand the rules under the T+1 settlement cycle applicable in the Indian stock market: Record Date: This is the cut-off date on which it is mandatory for your name to be registered in the official shareholder register (Demat Account) of the company by the close of the market. Ex-Dividend Date: This is usually the trading day immediately preceding the record date (or the same day in the T+1 system). Right time to buy shares: If you want to get the dividend of a company, then you have to buy that share at least one business day before the ex-dividend date. If you buy shares on or after the ex-date, you will not get the benefit of that declared dividend, rather that profit will go to the old seller's account. Rule for selling shares: If you already hold shares and want to take advantage of the dividend, you can sell the shares anytime on or after the ex-dividend date; Your dividend will be safely credited to your bank account. Tax rules on dividend income (TDS & Income Tax Slabs) Dividend income is taxable under the Income Tax Act, which is important for every investor to understand: Tax as per Income Tax Slab: Dividends paid by companies are now added to the total annual income of the shareholder under 'Income from Other Sources' and the investor has to pay tax as per his applicable individual tax slab (e.g. 5%, 10%, Tax has to be paid as per 20% or 30%. Deduction of 10% TDS: If the total dividend paid by a company to a shareholder in a financial year exceeds ₹5,000, the company deducts a flat 10% TDS on it before crediting the dividend amount. If PAN card is not linked, this TDS 20% can be deducted. Option of Form 15G/15H: If the total annual income of an investor is less than the tax exemption limit, he can submit Form 15G (Form 15H for senior citizens) in advance to the Registrar of Companies to avoid TDS deduction. This trading week of 17th to 21st August is presenting an excellent opportunity for stock market investors to achieve passive cash flow. However, market experts recommend that investors should avoid betting on a stock merely for the lure of dividend pay-outs; The final investment decision should be taken only after a thorough analysis of the company's fundamentals, future growth prospects and valuation.
