Today is an important day for Polycab India Limited because June 24 is the ex-dividend date. The company has announced a dividend of ₹35 per share for eligible shareholders. The good news is that new investors can also get this dividend, but they must buy the shares today.
The ex-date or record date is used to decide which shareholders will get the dividend. Let us explain how much dividend this cable and wire company will pay per share.
You will get ₹35 on every share
Polycab India’s board has declared a final dividend of ₹35 per share for the financial year 2025. This is the highest dividend ever declared by the company. June 24 is the record date to decide who will receive the dividend.
If the members approve it in the upcoming Annual General Meeting (AGM), the dividend will be paid within 30 days before the AGM date.
Why should you buy the shares today?
India follows a T+1 settlement cycle, which means shares bought on the record date (June 24) will not be eligible for the dividend. So, only those who buy shares on June 23 (today) will get the dividend.
Also, global brokerage firm Jefferies has kept a ‘buy’ rating on Polycab shares and raised the target price to ₹7,150. Jefferies believes the company has captured 1% of the organized cable and wire market and is now aiming for a 26–27% market share.