Dividend Alert: 40 Stocks Go Ex-Dividend on August 14 — HAL, HPCL and IOC Among Key Names
Mumbai, August 13, 2026: Investors looking for dividend income have an important date to track as 40 listed companies are scheduled to turn ex-dividend on Friday, August 14. For investors seeking eligibility for these payouts, Thursday, August 13, is the last trading day to purchase the shares under the current settlement framework.
The list includes prominent companies such as Hindustan Aeronautics Ltd (HAL), Hindustan Petroleum Corporation Ltd (HPCL), Indian Oil Corporation (IOC), REC and RBL Bank, along with several other large-, mid- and small-cap companies.
Why August 13 is important for investors
The significance of Thursday's trading session comes from India's T+1 settlement cycle. Investors generally need to buy the shares at least one trading day before the record date so that the transaction settles and the shares are credited to their demat accounts in time.
With August 14 fixed as the record date for these companies, August 13 becomes the key deadline for investors who want to qualify for the announced dividends.
However, simply buying a stock because it is approaching its ex-dividend date does not automatically make it a good investment. Investors also need to consider the share price, valuation, business performance, dividend history and the possibility of price adjustment when a stock trades ex-dividend.
HAL dividend: ₹10 per share
One of the most prominent names on the list is Hindustan Aeronautics Ltd (HAL).
The defence-sector public-sector undertaking has fixed August 14 as the record date for a final dividend of ₹10 per share for FY2025-26. The dividend was announced earlier in June.
HAL has also recently reported its first-quarter FY2026-27 results. Its consolidated net profit increased about 15% year-on-year to nearly ₹1,590 crore, according to the report.
The company has declared multiple dividends over recent years, although its reported dividend yield is around 1.01%, meaning investors should not judge the stock purely on the basis of this year's payout.
HPCL offers the highest payout among the highlighted stocks
Hindustan Petroleum Corporation Ltd (HPCL) stands out because of the size of its announced dividend.
HPCL has declared a final dividend of ₹19.25 per share, making it the highest per-share payout among the companies highlighted in the August 14 ex-record-date list.
The company had earlier announced the dividend along with its FY26 financial results. HPCL's strong dividend payout makes the stock particularly notable for investors following PSU and energy-sector dividends.
But investors should remember that a high dividend does not necessarily mean a stock is undervalued or guaranteed to deliver returns. The share price can adjust around the ex-dividend date, and future dividends depend on the company's earnings, cash flows and board decisions.
IOC dividend: ₹1.25 per share
Another major oil-marketing company, Indian Oil Corporation (IOC), has also fixed August 14 as the record date.
IOC has announced a final dividend of ₹1.25 per share. Investors who want to qualify for the payout need to meet the relevant eligibility requirements before the record date.
IOC is one of India's largest oil-marketing companies, making its dividend announcement particularly relevant to investors who track PSU stocks and income-oriented portfolios.
REC and RBL Bank also on the list
The dividend list extends beyond defence and energy companies.
REC Ltd has announced a final dividend of ₹1.55 per share, with August 14 set as the record date. RBL Bank has announced a dividend of ₹1 per share.
Both companies therefore join HAL, HPCL and IOC among the better-known names for which Thursday represents the key buying deadline for dividend eligibility.
Several other companies are paying dividends
The list of 40 stocks covers a wide range of sectors and dividend amounts.
Among the other companies highlighted are:
- The Anup Engineering: ₹12 per share
- Apollo Hospitals Enterprise: ₹10
- Kalyani Investment Company: ₹10
- Kotyark Industries: ₹5
- The Sandesh: ₹5
- Dynamatic Technologies: ₹3
- Astral: ₹2.50
- Ganesh Consumer Products: ₹2.50
- NCC: ₹2.20
- Rashi Peripherals: ₹2
- Sanghvi Movers: ₹2
- Premco Global: ₹2
- Sarda Energy & Minerals: ₹2
- Suryalata Spinning Mills: ₹2
- Xchanging Solutions: ₹2
- Vibrant Global Capital: ₹2
Other companies on the list include Mangalam Cement, HB Portfolio, Sonata Software and Federal Bank, with payouts ranging from ₹1.20 to ₹1.50 per share.
Several companies have smaller payouts. Alkali Metals, Rain Industries, Crest Ventures and Godawari Power and Ispat are set to pay ₹1 per share, while Electrosteel Castings, Minda Corporation, NBI Industrial Finance, Tourism Finance Corporation of India, Aaron Industries, Yatharth Hospital & Trauma Care Services, Global Health, Bondada Engineering, Lloyds Engineering Works, Quality Power Electrical Equipment and Responsive Industries are also included.
What does ‘ex-dividend’ mean?
The term ex-dividend is important for investors.
When a stock trades ex-dividend, new buyers generally do not receive the upcoming dividend because the eligibility cutoff has passed. The record date determines which shareholders are entitled to receive the declared payout.
This is why investors should not confuse the dividend announcement date, record date, ex-dividend date and actual payment date.
A stock can also experience a downward price adjustment around the ex-dividend date because the value represented by the upcoming dividend is reflected in the market price.
Should investors buy just for the dividend?
The dividend deadline can attract short-term traders, but buying a stock solely to collect a dividend carries risks.
If a share price falls by an amount comparable to or greater than the dividend after the stock turns ex-dividend, the investor may not gain an overall return simply from receiving the payout.
Investors should therefore examine the company's fundamentals, valuation, earnings outlook, debt levels, dividend sustainability and broader market conditions before making an investment decision.
The dividend itself is only one component of total shareholder return.
Key takeaway
Thursday, August 13, 2026, is an important deadline for investors considering the 40 stocks that have August 14 as their record date for dividends. The group includes major names such as HAL, HPCL, IOC, REC and RBL Bank, as well as dozens of other companies.
Among the highlighted payouts, HPCL's ₹19.25 per-share dividend is the largest, followed by HAL's ₹10, REC's ₹1.55 and IOC's ₹1.25.
Investors should nevertheless remember that dividend eligibility is not the same as guaranteed profit. Market prices can move significantly around corporate actions, and investment decisions should be based on the company's overall financial outlook rather than the dividend alone.
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