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Ex-date alert! These 6 stocks go ex-dividend on July 17; are you eligible?
The ex-date is the day when a stock starts trading without entitlement to corporate benefits such as dividends or bonus shares. To qualify for these benefits, investors must hold the stock before the ex-date. The record date finalises the list of shareholders eligible for the corporate action. Therefore, investors need to own these stocks today to receive the dividend rewards.
Among them, Coromandel International has announced a special dividend of ₹3 per share as well as a final dividend of ₹6 per share for FY25. The company has set the record date on July 17, 2025 for ascertaining the shareholders' eligibility for the said corporate action.
Company Ex-date Purpose Record date
Coromandel International July 17, 2025 Special Dividend - ₹3 July 17, 2025
Coromandel International July 17, 2025 Final Dividend - ₹6 July 17, 2025
Duncan Engineering July 17, 2025 Final Dividend - ₹3 July 17, 2025
GHCL July 17, 2025 Final Dividend - ₹12 July 17, 2025
Graphite India July 17, 2025 Dividend - ₹11 July 17, 2025
Oriental Hotels July 17, 2025 Final Dividend - ₹0.50 July 17, 2025
PDS July 17, 2025 Final Dividend - ₹1.70 July 17, 2025
(Source: BSE/https://www.bseindia.com/corporates/corporates_act.html)
Further, GHCL has decided to pay a final dividend of ₹12 per share to its eligible shareholders with the record date also fixed for July 17.
Additionally, Graphite India has declared a dividend of ₹11 per share for its shareholders. Duncan Engineering will pay a final dividend of ₹2 per share for FY25, Oriental Hotels has announced a final dividend of ₹0.50 per share, and PDS will pay a final dividend of ₹1.70 per share to its eligible shareholders. All these four companies have set July 17 as the record date for their respective dividend announcements.
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These measures, analysts say, will enhance its margins significantly. De-risking The company, which currently has the capacity to produce 3.5 million tonnes of phosphatic fertilizers, is setting up a new line that will add 750,000 tonnes at Kakinada. An expansion is being planned at Visakhapatnam, as well. 'We want to take our capacity to 10 million tonnes in the next few years," Alvi said. The additional capacity will help Coromandel become a pan-India player, substantially de-risking its business. Today, a drought in Andhra Pradesh and Telangana will hurt the company significantly as it has a 70% share in these markets. Raw material security Fertilizer companies typically suffer from poor capacity utilisation due to lack of adequate raw material supply. Coromandel, too, faced such issues. Its capacity utilisation was below 75% five years ago. To overcome this problem, it began building relationships with suppliers and inked long-term contracts. 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The ability to handle multiple grades of raw material adds to the company's raw material security and improves its margins. Farmer connect In a unique move, Coromandel International began setting up its own 'Growmor' retail shops in 2008 and saw many benefits. Sales through its own shops help it save on the dealer margin, which is anywhere between 6% and 10%. They also help in brand promotion and protecting market share as dealers have little brand loyalty. 'Most importantly, we wanted to have a direct connection with the farmers. Today, these shops help us in understanding their purchase pattern, pest scenario, and get feedback, which is then used to improve the products," said G. Babu, head, retail business. As of end-May, Coromandel's retail network was 903 outlets strong, spread across the southern states (barring Kerala) and Maharashtra. It also plans to enter Madhya Pradesh this year. These shops serve 3 million farmers and have come in handy as the company is now offering services such as spraying of fertilizers through drones. Coromandel recently invested ₹150 crore to acquire a 58% stake in Dhaksha Unmanned Systems Private Ltd, a drone maker. The retail rollout was not easy. Between 2021 and 2024, the company had to halt the process and review the model as many stores failed to deliver profits. Many were shut and a few were relocated. The rollout restarted last fiscal year. Today, Coromandel sees this retail network as a critical part of its transition to become an agri solutions enterprise. Coromandel is also tweaking its product portfolio in a bid to reduce its share of subsidy-based products by focussing more on crop protection chemicals, and advanced products such as nano-DAP, nano-Urea and purified phosphoric acid (used in battery manufacturing). But success has been limited. Subsidy-based products continue to account for 80% of the sales. The company survived a scare in December 2023 when ammonia gas leaked from the under-sea pipeline at its Ennore plant in Chennai. About 67.6 tonnes of the gas leaked in just 15 minutes, causing discomfort to nearby residents. Protests erupted and calls were made to shut the plant permanently. A study by a technical committee concluded that large boulders had moved during Cyclone Michaung, damaging the pipeline. A fine of ₹5.92 crore was imposed on the company, which has not operated the fertilizer plant at Ennore since the incident. While analysts and industry experts commend the company for its efforts towards efficiency, they say a lot of work lies ahead. Farming is changing and Coromandel needs to develop non-chemical fertilizers that can fuel plant growth without hurting the soil, they say. Precision farming is taking root and technology, including artificial intelligence, will play a significant role from now on. Though Coromandel has taken initial steps in this area, its task is cut out.
