Next week, RIL, ICICI Bank, BEL, HPCL, Jio Financial, and Pidilite will all become ex-dividends.

Stocks such as Reliance Industries Ltd (RIL), Hindustan Petroleum Corporation Ltd (HPCL), ICICI Bank Ltd, Jio Financial Services Ltd, Bharat Electronics Ltd (BEL), Pidilite Industries Ltd and Godrej Consumer Products Ltd, among others, would turn ex-dates for corporate actions next week.

The Reliance Industries board had recommended a final dividend of Rs 5.50 per share for FY25 of a face value of Rs 10 each. August 14 is the record date for the purpose of determining eligible RIL shareholders for dividend purposes. All eligible shareholders of the company with their names on the list at the end of Thursday (record date) would be eligible to receive a dividend. The dividend, if approved, would be paid within a week from the conclusion of the AGM, RIL said in an exchange filing.

At its April 19 meeting, the ICICI Bank board recommended that members approve a final dividend of Rs 11 per equity share, which has a face value of Rs 2. The business notified the stock exchanges that August 12 is the record date for the same.

In a similar vein, the HPCL board proposed a final dividend of Rs 10.50 each equity share with a face value of Rs 10 each at its meeting on May 6. Members were asked to approve the recommendation at the AGM. HPCL informed stock exchanges that Thursday is the record date for the same.

For the members’ approval at the AGM, the Jio Financial board has suggested a final dividend of Rs 0.50 per equity share with a face value of Rs 10. The record date for the same is August 11. If authorized, the dividend would be disbursed one week after the AGM. Grasim Industries Ltd. (share price of Rs. 10; record date: August 12), Bharat Electronics Ltd. (share price of Rs. 0.90; record date: August 14), Pidilite Industries Ltd. (share price of Rs. 10; record date: August 13), Godrej Consumer Products Ltd. (share price of Rs. 5; record date: August 13), and numerous other stocks would all go ex-dividend the following week.

As far as the domestic market is concerned, Vinod Nair, Head of Research at Geojit Investments Limited, said that since July, the Indian equity market has remained in a phase of consolidation, reflecting weakening investor sentiment due to trade-aligned challenges.

“Concerns over steep US tariff rates and underwhelming quarterly earnings have dampened market confidence. Persistent selling by FIIs, particularly in pharma stocks with significant US exposure, underscores this cautious outlook. The continued depreciation of the INR has also added to investor anxiety,” Nair said.