 "Ex-date alert! These 16 stocks go ex-dividend on July 22; are you eligible?")
Notably, the ex-date is the day a stock starts trading without the right to receive corporate benefits like dividends or bonus shares. Therefore, investors need to own the stock before the ex-date to qualify for these benefits. To be eligible for the dividend announcements, investors must own the stocks today. On the other hand, the record date is when the company finalizes the list of shareholders eligible for the corporate action.
Among the highlighted group of companies, EL CID Investments, and Novartis India have announced the highest dividend of ₹25 per share each for their respective shareholders. Both companies have set the record date for July 23 to determine shareholder eligibility for the said corporate action.
Next, Aditya Birla Sun Life AMC has announced a dividend of ₹24 per share for its shareholders, with the record date also set for July 23.
Furthermore, Pidilite Industries has decided to reward its shareholders with a final dividend of ₹20 per share, with the record date being fixed on July 23 for the same.
Here is the complete list of stocks that will trade ex-dividend on July 23:
| Company | Ex-date | Purpose | Record date |
| Aditya Birla Sun Life AMC | July 23, 2025 | Dividend - ₹24 | July 23, 2025 |
| Advanced Enzyme Technologies | July 23, 2025 | Final Dividend - ₹1.2 | July 23, 2025 |
| Banswara Syntex | July 23, 2025 | Final Dividend - ₹1 | July 23, 2025 |
| Bhatia Communications & Retail (India) | July 23, 2025 | Final Dividend - ₹0.0100 | July 23, 2025 |
| D. B. Corp | July 23, 2025 | Interim Dividend - ₹5 | July 23, 2025 |
| EL CID Investments | July 23, 2025 | Final Dividend - ₹25 | July 23, 2025 |
| Greaves Cotton | July 23, 2025 | Final Dividend - ₹2 | July 23, 2025 |
| Heritage Foods | July 23, 2025 | Final Dividend - ₹2.5 | July 23, 2025 |
| K.P.R. Mill Limited | July 23, 2025 | Final Dividend - ₹2.5 | July 23, 2025 |
| Metal Coatings India | July 23, 2025 | Final Dividend - ₹1 | July 23, 2025 |
| NESCO | July 23, 2025 | Final Dividend - ₹6.5 | July 23, 2025 |
| Novartis India | July 23, 2025 | Final Dividend - ₹25 | July 23, 2025 |
| Pidilite Industries | July 23, 2025 | Final Dividend - ₹20 | July 23, 2025 |
| Precision Camshafts | July 23, 2025 | Final Dividend - ₹1 | July 23, 2025 |
| Route Mobile | July 23, 2025 | Interim Dividend - ₹3 | July 23, 2025 |
| Sonata Software | July 23, 2025 | Final Dividend - ₹4.4 | July 23, 2025 |
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