Synopsis: Several companies, including SBI Cards and Payment Services and Mangalore Refinery and Petrochemicals , will trade ex-dividend next week. The includes 4 announced interim dividends payouts with record dates between 9th and 12th March 2026.
A dividend is a portion of a company’s profits distributed to its shareholders. When a company generates retained earnings, management may reinvest the funds to expand operations, reduce debt, or reserve them for future needs, while also choosing to reward investors by distributing a part of the profits as dividends.
The ex-dividend date is when a stock starts trading without the right to receive the upcoming dividend. Investors must buy the shares before this date to qualify for the dividend payout. Here are some stocks that will be trading ex-dividend in the coming week:
Axtel Industries Ltd
Axtel Industries specializes in engineering high-quality process systems for the food, pharmaceutical, and chemical industries. The company provides turnkey solutions, including design, manufacturing, and electrical automation. They are recognized for their expertise in powder handling, mixing, and thermal processing equipment, helping clients optimize production efficiency and maintain rigorous hygiene standards.
The company is issuing an Interim Dividend of Rs. 12 per equity share, representing a 120 percent payout over the face value of Rs. 10 per share. The record date for the dividend is set as 9th March 2026, and the company has a dividend yield of 2.5 percent.
Sun TV Network Ltd
This is a dominant Indian media powerhouse, leading the South Indian broadcasting market. It operates a vast portfolio of 35+ television channels across four languages, alongside FM radio stations and a streaming platform. Backed by robust advertising revenue, it remains a central pillar of regional entertainment.
The company is issuing an Interim Dividend of Rs. 1.25 per equity share, representing a 25 percent payout over the face value of Rs. 5 per share. The record date for the dividend is set as 12th March 2026, and the company has a dividend yield of 2.5 percent.
Balmer Lawrie & Company Ltd
A diversified public sector undertaking, Balmer Lawrie operates in manufacturing and services. Its core businesses include industrial packaging (steel barrels), greases and lubricants, and chemicals. The company also provides logistics infrastructure, cold chain solutions, travel and vacation management, and specialized refinery and oil field services to domestic and global markets.
The company is issuing an Interim Dividend of Rs. 4.25 per equity share, representing a 42.5 percent payout over the face value of Rs. 10 per share. The record date for the dividend is set as 11th March 2026, and the company has a dividend yield of 4.8 percent.
Mangalore Refinery and Petrochemicals Ltd (MRPL)
MRPL, a subsidiary of ONGC, is a major public sector oil refinery located in Karnataka. It processes diverse crude oil types to produce high-value petroleum products, including gasoline, diesel, and petrochemicals like polypropylene. With its sophisticated refining units, MRPL plays a critical role in strengthening India’s national energy security.
The company is issuing an Interim Dividend of Rs. 4 per equity share, representing a 40 percent payout over the face value of Rs. 10 per share. The record date for the dividend is set as 11th March 2026, and the company has a dividend yield of 2.02 percent.
SBI Cards and Payment Services Ltd
As a subsidiary of the State Bank of India, this company is a leading, pure-play credit card issuer in India. It offers a broad portfolio of personal and corporate credit cards, including co-branded partnerships. It provides essential digital payment solutions, ensuring secure and seamless financial transactions for millions of customers.
The company is issuing an Interim Dividend of Rs. 2.5 per equity share, representing a 25 percent payout over the face value of Rs. 10 per share. The record date for the dividend is set as 11th March 2026, and the company has a dividend yield of 0.34 percent.
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