HDFC Bank, Cipla, Swaraj Engines, and Bajaj Finserv will trade ex-dividend on June 27, 2025. Here’s the complete list of upcoming dividends and investor actions required.

Several prominent Indian companies are set to trade ex-dividend this week, offering income-focused investors an opportunity to benefit from substantial payouts. With the ex-dividend date falling on June 27, investors must purchase eligible stocks on or before June 26 to qualify for dividends under the T+1 settlement system.
Among the noteworthy companies announcing dividends are HDFC Bank, Bajaj Finserv, Swaraj Engines, Cipla, and Maharashtra Scooters—representing diverse sectors including banking, pharmaceuticals, manufacturing, and financial services.
Key Dividend Announcements (Ex-Date: June 27)
HDFC Bank
- Dividend: ₹22 per share
- Record Date: June 27
India’s largest private sector bank continues to reward shareholders with a strong dividend, reflecting its robust earnings and consistent financial performance.
Swaraj Engines
- Dividend: ₹104.50 per share
- Record Date: June 27
A leading manufacturer of diesel engines for Mahindra & Mahindra tractors, Swaraj Engines offers the highest dividend this week. The company became a subsidiary of M&M following a majority stake acquisition in 2022.
Maharashtra Scooters Ltd (MSL)
- Dividend: ₹60 per share (₹30 final + ₹30 special)
- Record Date: June 27
MSL, an investment arm of Bajaj Holdings, maintains its generous payout tradition. The company supports Bajaj Group’s long-term investment vision.
Bajaj Finserv
- Dividend: ₹1 per share
- Record Date: June 27
A major financial conglomerate, Bajaj Finserv operates across insurance, lending, wealth, and investment management services. Its dividend reflects steady capital preservation while focusing on long-term business growth.
Bajaj Holdings & Investment
- Dividend: ₹28 per share
- Record Date: June 27
With strategic holdings in Bajaj Auto, Bajaj Finserv, and MSL, this investment firm continues to generate income primarily through dividends and market-linked gains.
Cipla Ltd
- Dividend: ₹16 per share (₹13 final + ₹3 special)
- Record Date: June 27
The global pharmaceutical major announced a combined dividend of ₹16 per share. Cipla’s consistent growth across international markets supports its shareholder-friendly approach.
Other Notable Dividend Declarations
Company | Dividend (₹) | Ex-Date | Record Date |
---|---|---|---|
CARE Ratings | ₹11 | June 27 | June 27 |
Visaka Industries | ₹0.50 | June 27 | June 27 |
Vaibhav Global | ₹1.50 | June 27 | June 28 |
Rainbow Children’s Medicare | ₹3 | June 27 | June 28 |
Syngene International | ₹1.25 | June 27 | June 27 |
RPG Life Sciences | ₹24 (₹20 + ₹4 special) | June 27 | June 27 |
Jayant Agro Organics | ₹2.50 | June 27 | June 27 |
Welspun Living | ₹1.70 | June 27 | June 27 |
Investor Action Required
To be eligible for the upcoming dividends, investors must ensure their shareholding by June 26, 2025. Stocks will trade ex-dividend on June 27, and only those who hold shares before this date will receive the dividend payout.
Dividend investors, especially those employing income-focused strategies, may find this week to be an optimal window for portfolio adjustment.
Analyst Insight
“Swaraj Engines’ ₹104.50 payout and Cipla’s ₹16 per share dividend are standout opportunities this week,” said a Mumbai-based equity analyst. “These dividends not only reflect strong earnings, but also management’s commitment to shareholder value.”