Several Indian companies will trade ex-dividend tomorrow, Friday, May 22, 2026. To be eligible to receive the benefits of these corporate actions, investors must hold the shares in their demat accounts as of the respective record dates.

Most listed companies in India follow the T+1 settlement cycle. Therefore, any shares bought today, i.e., the ‘T-Day’, will be credited to investor demat accounts by the next business day (tomorrow).

Consequently, tomorrow serves as the crucial ex-date, meaning new buyers purchasing the stock tomorrow or later will not qualify for these specific corporate actions.

Larsen & Toubro (L&T)

Larsen & Toubro Ltd.LT₹3,920.00 +0.24%

The engineering and infrastructure conglomerate has maintained its strong track record of rewarding shareholders by recommending a massive final dividend for the fiscal year ended March 2026.

  • Dividend Amount: ₹38.00 per equity share
  • Dividend Percentage: 1,900% on the face value of ₹2 per share
  • Ex-Date & Record Date: May 22, 2026

L&T Technology Services (LTTS)

L&T Technology Services Ltd.LTTS₹3,576.70 -0.11%

The pure-play engineering research and development (ER&D) services arm of the group is leading the pack with the highest per-share payout among the trio for FY26.

  • Dividend Amount: ₹40.00 per equity share
  • Dividend Percentage: 2,000% on the face value of ₹2 per share
  • Ex-Date & Record Date: May 22, 2026

L&T Finance

L&T Finance Ltd.LTF₹272.05 -1.31%

Rounding out the group’s payouts is its financial services subsidiary, which has approved a healthy dividend following its financial performance under review.

  • Dividend Amount: ₹2.75 per equity share
  • Dividend Percentage: 27.5% on the face value of ₹10 per share
  • Ex-Date & Record Date: May 22, 2026

Havells India

Havells India Ltd.HAVELLS₹1,205.90 -0.16%

A leading Fast-Moving Electrical Goods (FMEG) player with a robust footprint across cables, switchgears, and consumer durables, Havells reported a strong 40% net profit surge in Q4 FY26. 

  • Dividend Amount: ₹6.00 per equity share (600% on a face value of ₹1 per share)
  • Ex-Dividend Date: May 22, 2026
  • Record Date: May 24, 2026

Jindal Saw

Jindal Saw Ltd.JINDALSAW₹219.75 +0.10%

A dominant force in the OP Jindal Group, Jindal Saw is a global manufacturer and exporter of submerged arc welded pipes. 

  • Dividend Amount: ₹2.00 per equity share (200% on a face value of ₹1 per share)
  • Ex-Date & Record Date: May 22, 2026

Jupiter Life Line Hospitals

Jupiter Life Line Hospitals Ltd.JLHL₹1,321.20 +0.23%

The multi-specialty healthcare provider’s board has declared an interim dividend. The board also approved a 1:5 stock split proposal; however, the record date for the stock split will be finalized and announced separately later.

  • Dividend Amount: ₹1.00 per equity share (10% on a face value of ₹10 per share)
  • Ex-Date & Record Date: May 22, 2026

Sula Vineyards

Sula Vineyards Ltd.SULA₹159.53 -0.23%

As India’s largest wine producer and a pioneer in wine tourism, Sula Vineyards continues its trend of rewarding investors with regular payouts by turning ex-dividend tomorrow.

  • Dividend Amount: ₹2.00 per equity share (100% on a face value of ₹2 per share)
  • Ex-Date & Record Date: May 22, 2026

Himadri Speciality Chemical (HSCL)

Himadri Speciality Chemical Ltd.HSCL₹591.60 +1.75%

A market leader in carbon materials and chemicals, Himadri recently hit historic operational milestones by crossing its highest-ever full-year EBITDA. The company will turn ex-dividend for its recommended final distribution tomorrow.

  • Dividend Amount: ₹0.80 per equity share (80% on a face value of ₹1 per share)
  • Ex-Date & Record Date: May 22, 2026

Trident Ltd

Trident Ltd.TRIDENT₹24.51 +0.99%

Trident is a diversified mid-cap textile and paper manufacturer with a significant presence in home furnishings. The company has designated tomorrow to begin its eligibility cutoff.

  • Dividend Amount: ₹0.50 per equity share (50% on a face value of ₹1 per share)
  • Ex-Dividend Date: May 22, 2026
  • Record Date: May 23, 2026