Last Day to Buy HDFC Bank, Tata Motors PV, Polycab and IndiaMART Before June 19 Ex-Dividend Date: Here Is What Investors Need to Know
- June 18, 2026
- Posted by: Ankit Jaiswal
- Category: News
Today June 18 is last day to buy HDFC Bank (Rs 13/share final), TMPV (Rs 3/share), Polycab (Rs 47), IndiaMART (Rs 60 special+final) to get dividends. Record date June 19. T+1 settlement applies.
Today, 18 June 2026, is the last day to buy ex-dividend stocks including HDFC Bank including HDFC Bank and Tata Motors Passenger Vehicles (TMPV) to remain eligible for their dividend payouts. The record date for these stocks is 19 June 2026, and under India’s T+1 (trade day plus one day) settlement cycle, shares bought today will settle into your demat account by tomorrow, qualifying you for the dividend. These ex-dividend stocks purchased on or after 19 June will not carry the dividend entitlement, making today a significant deadline for income-focused investors holding or considering these stocks.
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Key Stocks Going Ex-Dividend on June 19, 2026
| Stock | NSE Symbol | Dividend | Record Date | Approx Price | Yield |
|---|---|---|---|---|---|
| HDFC Bank | HDFCBANK | Rs 13/share final (total FY26: Rs 15.50) | June 19, 2026 | ~Rs 802.20 | ~1.62% |
| Tata Motors PV (TMPV) | TMPV | Rs 3/share final | June 19, 2026 | ~Rs 363.80 | ~0.82% |
| Polycab India | POLYCAB | Rs 47/share final | June 19, 2026 | ~Rs 5,800 | ~0.81% |
| IndiaMART InterMesh | INDIAMART | Rs 60/share (Rs 30 final + Rs 30 special) | June 19, 2026 | ~Rs 2,100 | ~2.86% |
| HDFC Life Insurance | HDFCLIFE | To be confirmed | June 19, 2026 | ~Rs 680 | Check NSE filing |
| Torrent Power | TORNTPOWER | To be confirmed | June 19, 2026 | ~Rs 1,800 | Check NSE filing |
| Settlement | T+1 (India) | Buy today June 18 to qualify | Record: June 19 | — | — |
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Why the Ex-Dividend Date Matters for Investors
The dividend record date is the cut-off date the company uses to identify eligible shareholders. Under India’s T+1 settlement cycle, shares bought today settle the next day, and shares bought on or after the record date settle after the record date, making the buyer ineligible. For HDFC Bank’s Rs 13 per share final dividend, this means an investor with 100 shares receives Rs 1,300, and an investor who misses today’s last-buy deadline receives nothing from this payout.
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HDFC Bank and TMPV: What the Dividends Signal
A dividend announcement is more than just a cash payout. It signals management’s confidence in the company’s cash flow and financial health. HDFC Bank’s total FY26 dividend of Rs 15.50 per share is a step up from previous years, consistent with the bank’s recovery in profitability through FY26 despite the governance overhang discussed in the June 18 board meeting. TMPV’s Rs 3 per share dividend is the first declared after its demerger from Tata Motors, establishing its dividend history as an independent entity.
1. What Happens to the Stock Price on Ex-Dividend Day
On June 19, HDFC Bank and TMPV will open ex-dividend. In theory, the stock price adjusts down by the dividend amount because the cash has been distributed from the company’s balance sheet. In practice, market forces, sentiment and broader movement often cause the actual price to deviate from the mechanical adjustment. Long-term investors typically ignore this day-to-day move and focus on the dividend yield as part of their total return.
2. Dividend Capture Strategy: Risks to Know
Some traders buy stocks on the last day before ex-dividend and sell after the record date, trying to pocket the dividend while minimising holding risk. This dividend capture strategy rarely works cleanly because the ex-dividend price adjustment approximately offsets the dividend amount. Additionally, dividends received are taxable as income in the hands of shareholders in India, reducing the effective yield. Long-term holding for dividend income is a more reliable approach than short-term dividend capture.
3. Other Notable Stocks Going Ex-Dividend
Beyond HDFC Bank and TMPV, IndiaMART’s Rs 60 combined payout (Rs 30 final plus Rs 30 special) is one of the highest-yielding payouts in this batch at approximately 2.86% at current prices. Polycab India’s Rs 47 per share final dividend and Torrent Power’s payout round out a strong dividend week for June 19, 2026.
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Conclusion
Today, 18 June 2026, is the last chance for investors to buy HDFC Bank (Rs 13/share final dividend), TMPV (Rs 3/share), Polycab India (Rs 47/share), IndiaMART (Rs 60/share combined) and several others to qualify for their June 19 record date payouts. Under T+1 settlement, purchases today credit tomorrow and qualify for the dividend. While buying a stock purely for the dividend is not a risk-free strategy given the ex-dividend price adjustment, long-term holders who already own these stocks will receive their payouts without any action required. Consult a SEBI-registered financial advisor before making investment decisions.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Why is today June 18 the last day to buy for the dividend?
Ans. Indian stock markets follow T+1 (trade plus one day) settlement, meaning shares bought today, June 18, will be credited to your demat account on June 19, the record date. Any purchase made on June 19 (the ex-dividend date itself) or later will settle after the record date, making the buyer ineligible for the dividend. This is why today, June 18, 2026, is the last date to buy these ex-dividend stocks including HDFC Bank, TMPV, Polycab India, IndiaMART and several others if you want to receive their announced dividends.
What is HDFC Bank’s dividend amount and details?
Ans. HDFC Bank’s board of directors has recommended a final dividend of Rs 13 per equity share of face value Rs 1 for the financial year 2025-26, subject to shareholder approval at the ensuing annual general meeting. The record date for the final dividend is June 19, 2026. Including an interim dividend paid earlier in the year, the total dividend for FY26 is Rs 15.50 per share. HDFC Bank share price is approximately Rs 802.20, implying a yield of approximately 1.62% on the FY26 total payout.
What is Tata Motors PV’s dividend amount and details?
Ans. Tata Motors Passenger Vehicles (NSE: TMPV) has recommended a final dividend of Rs 3 per equity share for FY26, subject to shareholder approval at the ensuing AGM. The record date is June 19, 2026, and if approved, the dividend will be paid to eligible shareholders on or before July 14, 2026. TMPV share price is approximately Rs 363.80, implying a yield of approximately 0.82% on the Rs 3 payout.
Which other stocks are going ex-dividend on June 19, 2026?
Ans. Several other stocks have set June 19 as the record date, making today June 18 the last date to buy them for dividends. Polycab India has announced a final dividend of Rs 47 per share. IndiaMART InterMesh has declared both a final dividend of Rs 30 and a special dividend of Rs 30, for a combined Rs 60 per share payout. HDFC Life Insurance Company, Torrent Power, Tata Communications, AWL Agri Business, GHCL, Capital Small Finance Bank and R R Kabel are also among the stocks going ex-dividend on June 19.
What does ex-dividend date mean?
Ans. The ex-dividend date is the first trading day on which a share is priced without the right to receive the declared dividend. In India, the ex-dividend date is the same as the record date under the T+1 settlement. On and after June 19, HDFC Bank, TMPV and the other stocks will trade ex-dividend, meaning buyers from that date are not entitled to the payout. The stock price typically adjusts downward on the ex-dividend date by approximately the dividend amount.
What is the dividend yield of HDFC Bank at current prices?
Ans. At HDFC Bank’s current share price of approximately Rs 802.20, the final dividend of Rs 13 per share implies a yield of approximately 1.62%. The total FY26 payout of Rs 15.50 (including the interim dividend paid earlier) implies a total yield of approximately 1.93% on the current price. HDFC Bank has been a consistent dividend payer, and the Rs 13 final dividend (up from previous years) reflects the bank’s strong FY26 performance.
Should I buy HDFC Bank or TMPV today just for the dividend?
Ans. Buying a stock purely for a short-term dividend is called a dividend capture strategy, and it carries risks. On the ex-dividend date (June 19), stock prices typically adjust down by approximately the dividend amount, so an investor who buys today and sells after June 19 may find the capital loss approximately offsets the dividend received, plus brokerage. Dividend investing is more rewarding as a long-term income strategy, where you hold the stock for its business quality and receive dividends as a recurring income stream. Consult a SEBI-registered financial advisor before acting.
How do I ensure I receive the dividend from HDFC Bank?
Ans. To receive the HDFC Bank final dividend of Rs 13 per share, you must hold HDFC Bank shares in your demat account as of June 19, 2026, the record date. This means you must buy the shares today, June 18, 2026, at the latest, since T+1 settlement means today’s purchase settles tomorrow. Shares already held in your demat account before June 18 automatically qualify without any additional action. The dividend, once approved at the AGM, will be paid electronically to the bank account linked to your demat account.
