NELCO to Asian Paints: 5 Stocks Going Ex-Dividend Soon (And Why You Should Care)
Okay, let’s talk money—specifically, the kind that lands in your account without you lifting a finger. If you’re invested in NELCO, Asian Paints, Tata Elxsi, Indian Bank, Johnson Controls-Hitachi, or Tata Investment Corporation, listen up. These stocks are hitting their ex-dividend dates today or tomorrow. And if you’re not sure what that means? Don’t worry, I’ll break it down like we’re chatting at a chai stall.
Ex-Dividend Explained (Without the Finance Jargon)
Imagine you’re splitting a pizza. The ex-dividend date is like the moment the waiter says “last call for slices”—after that, you’re out of luck. Same with stocks: buy before this date, you get the dividend. Buy after? Nada. Oh, and here’s the kicker—the stock price usually drops by roughly the dividend amount right after. Not because the company’s doing badly, but just math doing its thing.
Your Quick Cheat Sheet: Who’s Paying What
- NELCO
- ₹2.50 per share (not life-changing, but hey, free money)
- Ex-date: Today—so if you’re reading this late, you might’ve missed it
- Asian Paints
- ₹28.15 per share (now we’re talking!)
- Ex-date: Tomorrow—still time to jump in
- Tata Elxsi
- ₹70 per share (serious cash—but the stock’s pricey)
- Ex-date: Today again. See why timing matters?
…and three more (Indian Bank, Johnson Controls-Hitachi, Tata Investment Corp), but let’s be real—you’re probably eyeing Asian Paints and Tata Elxsi, right?
The Dates That Actually Matter
Here’s how dividend timelines work in plain terms:
- Company says: “We’re sharing profits!” (Announcement date)
- You must buy before: The ex-date—usually 1-2 days before…
- …they check who owns shares: That’s the record date. Miss the ex-date? Doesn’t matter if you’re on record.
- Money hits your account: Payment date (the best part).
Pro Tip: Don’t Get Screwed by T+1
Indian markets settle trades in T+1 days now. Translation? If you buy a stock today, it only shows up in your demat tomorrow. So for tomorrow’s ex-date? You should’ve bought yesterday. Annoying, but true.
Why Bother With Dividend Stocks Anyway?
Two words: sleep better. Companies paying regular dividends (like Asian Paints—28 years and counting) tend to be stable cash generators. But—and this is key—dividends aren’t charity. If earnings tank, so might your payout. Remember Vodafone Idea? Yeah.
What’s Next?
ITC and HUL usually announce around August. Bookmark SEBI’s dividend calendar or ask your broker for alerts. Me? I’ve got a Google Sheet with reminders. Old school, but works.
Final Thought
Dividend investing isn’t sexy, but it’s like that reliable friend who always pays their share of the bill. Check if you own these stocks, mark your calendar, and maybe use that post-dividend price drop to buy more. Or don’t—I’m not your financial advisor!
P.S. If you’re new to this, start with SEBI’s investor site. Less exciting than Instagram, but way better for your wallet.
