Dividend alert: Last date to buy Ashok Leyland, Navneet Education, Foseco India, 2 others for payout

Dividend stocks: Five companies will go ex-record date for their respective dividends on Wednesday, June 3. Therefore, Tuesday, June 2, is the last date to buy equity shares of these firms to be eligible for the declared dividends.

Stock exchanges follow SEBI's T+1 (trade day plus one day) settlement cycle. This means that equity shares settle one business day after the trade date. A stock with the dividend record date on June 3 needs to be purchased today to appear in the Demat account by tomorrow.

Automobile manufacturer Ashok Leyland has declared a second interim dividend of ₹2.50 per share of face value of ₹1 each for the financial year ending March 31, 2026. The record date is June 3. The dividend will be credited/dispatched on or before June 26, 2026.

Educational and children's book publisher Navneet Education has announced a second interim dividend of ₹1.50 per share for FY26.

Chemical manufacturer Foseco India has recommended a final dividend of ₹25 per share of ₹10 each of the company for the fiscal year 2026. The dividend, if approved at the ensuing annual general meeting, will be paid on or before July 9.

Dividend stocks: Ashok Leyland, Navneet Education, others to go ex-date on June 3; check list

Meanwhile, June 2 is also the last date to buy Anand Rathi Wealth shares for the bonus payout. The company has set June 3 as the record date for the purpose of ascertaining the eligibility of members for bonus shares in the proportion of 1:1, i.e., one new fully paid-up share of ₹5 each for every 1 existing fully paid-up equity share of ₹5 each.