Top 5 Indian Dividend Stocks to Watch: Massive Payouts & Smart Picks Before Ex-Dates Hit!

Investors eyeing dividend income should note these stocks trading ex-dividend next week: Page Industries (₹200/share, ex-date May 21), a lifestyle giant with a 1.9% yield, reflects premium valuation in apparel; LTIMindtree (₹45/share, May 23), an IT leader with stable payouts, highlights sector resilience. GM Breweries (₹7.5/share, May 22), a niche alcohol player, offers modest yield amid regulatory risks. Havells India (₹6/share, May 25), a consumer electricals stalwart, balances lower yield with growth in electrification trends.

Sula Vineyards (₹3.6/share, May 23), leveraging India’s wine culture, combines dividends with tourism revenue. Notably, high dividend percentages (e.g., Page’s 2,000%) are based on face value, not market price—a critical distinction. While yields range modestly (0.63%–1.9%), investors should prioritize payout sustainability, sector dynamics, and long-term fundamentals over headline figures. Track these dates to secure payouts, but align choices with broader portfolio strategy. 

Top 5 Indian Dividend Stocks to Watch: Massive Payouts & Smart Picks Before Ex-Dates Hit!

Dividends serve as a tangible reward for shareholders, reflecting a company’s profitability and commitment to sharing success. For income-focused investors, tracking ex-dividend dates is critical—these dates determine eligibility for upcoming payouts. Below, we explore five Indian stocks set to trade ex-dividend next week, along with insights to help you evaluate their potential.  

Understanding Ex-Dividend Dates and Dividend Yield 

When a stock goes ex-dividend, its price typically adjusts downward by the dividend amount, as new buyers no longer qualify for the payout. Dividend yield—a key metric—is calculated as annual dividends per share divided by the current stock price. However, percentages often cited by companies are based on face value (the nominal share price at issuance), which can differ significantly from market value. Investors should also assess payout sustainability, sector trends, and overall financial health beyond just yield.  

Stocks to Watch: Ex-Dividend Dates and Analysis 

1. Page Industries Ltd | Ex-Date: May 21, 2025 

• Sector: Apparel & Lifestyle  

• Business Overview: Exclusive licensee for JOCKEY products in India, spanning manufacturing, retail, and e-commerce.  

• Dividend: ₹200/share (2,000% of face value ₹10).  

• Market Cap: ₹53,479 crore | Recent Performance: Shares rose 2.1% to ₹47,947 (as of May 17, 2025).  

• Dividend Yield: 1.9% (annualized, including past payouts).  

• Insight: High absolute dividend contrasts with moderate yield due to elevated share price, signaling strong brand loyalty but premium valuation. 

2. LTIMindtree Ltd | Ex-Date: May 23, 2025 

• Sector: IT Services  

• Business Overview: Global tech solutions provider specializing in software development and IT-enabled services.  

• Dividend: ₹45/share (4,500% of face value ₹1).  

• Market Cap: ₹1.49 lakh crore | Recent Performance: Shares edged up 0.19% to ₹5,040.  

• Dividend Yield: 1.28%  

• Insight: Robust dividend growth aligns with IT sector resilience, though yield remains modest. Reflects stable cash flows in a competitive industry. 

3. GM Breweries Ltd | Ex-Date: May 22, 2025 

• Sector: Alcoholic Beverages  

• Business Overview: Producer of country liquor and Indian-made foreign liquor (IMFL).  

• Dividend: ₹7.5/share (75% of face value ₹10).  

• Market Cap: ₹1,656 crore | Recent Performance: Shares gained 1.77% to ₹725.  

• Dividend Yield: 1.06%  

• Insight: Operates in a regulated yet steady-demand industry. Smaller market cap highlights niche focus, but regulatory risks persist. 

4. Havells India Ltd | Ex-Date: May 25, 2025 

• Sector: Consumer Electricals  

• Business Overview: Manufacturer of cables, switches, appliances, and lighting solutions.  

• Dividend: ₹6/share (600% of face value ₹1).  

• Market Cap: ₹98,831 crore | Recent Performance: Shares dipped 1.02% to ₹1,576.  

• Dividend Yield: 0.63%  

• Insight: Lower yield offset by growth potential in India’s electrification and premiumization trends. A household name with diversified product lines. 

5. Sula Vineyards Ltd | Ex-Date: May 23, 2025 

• Sector: Beverages & Tourism  

• Business Overview: India’s leading wine producer with integrated vineyard tourism.  

• Dividend: ₹3.6/share (180% of face value ₹2).  

• Market Cap: ₹2,578 crore | Recent Performance: Shares surged 3.46% to ₹305.  

• Dividend Yield: 1.22%  

• Insight: Taps into India’s nascent wine culture. Tourism revenue adds diversification, though reliant on discretionary spending. 

Key Takeaways for Investors 

• Face Value vs. Market Price: High dividend percentages (e.g., 2,000% for Page Industries) are based on nominal face values, not market prices. Always contextualize yields with current share prices.  

• Sector Diversification: These stocks span apparel, IT, alcohol, consumer goods, and beverages, illustrating varied opportunities for income investors.  

• Due Diligence: Assess payout ratios, earnings consistency, and sector risks. A high yield may not be sustainable if earnings falter. 

While dividends provide passive income, investors should balance yield-seeking with long-term growth prospects. Monitor ex-dividend dates closely, but prioritize holistic financial health when building a resilient portfolio.