Patanjali Foods, Prestige Estates Among Key Stocks Trading Ex-Dividend on September 3
Five major stocks begin trading ex-dividend; investors no longer eligible for FY25 payouts.
Several major Indian companies, including Patanjali Foods and Prestige Estates Projects, began trading ex-dividend today, September 3, marking a critical date for investors tracking dividend payouts. The move follows the record date cut-off of September 2, which was the last day to purchase shares to be eligible for upcoming dividend distributions.
According to reports, a total of 13 dividend-paying companies were on investor watchlists ahead of the ex-dividend date. Of these, five key stocks, Patanjali Foods, Prestige Estates Projects, Pokarna Ltd., Asahi India Glass Ltd., and VST Tillers Tractors Ltd., officially went ex-dividend today.
Key dividend announcements include Patanjali Foods Ltd, which declared a final dividend of ₹2 per equity share (100% of face value) for FY 2024–25, with a record date of September 3. Prestige Estates Projects Ltd. recommended a final dividend of ₹1.80 per share (face value ₹10), pending approval at its upcoming AGM. Pokarna Ltd. proposed a 30% final dividend, translating to ₹0.60 per share, subject to shareholder approval. Similarly, Asahi India Glass Ltd.recommended a ₹2 per share dividend, also awaiting confirmation. VST Tillers Tractors Ltd. stood out by declaring a significantly higher final dividend of ₹20 per share, expected to be paid on or after September 10, 2025, if approved.
With these companies now trading ex-dividend, investors entering positions from September 3 onward will not be eligible for the declared payouts. The adjustments reflect India’s T+1 settlement system, where trades must be completed a day before the record date to qualify for dividends.
Analysts suggest that dividend declarations can influence short-term price movements, and investors should assess payout yields in conjunction with company fundamentals. As the dividend season continues, market participants will be closely watching upcoming corporate actions and annual general meetings for further developments.