NSDL, Mazagon Dock, NALCO Among Companies Turning Ex-Dividend Sept 19

Today is important for many investors: over 100 companies are set to go ex-dividend on September 19, 2025. That includes big names like NSDL (National Securities Depository Ltd.), Mazagon Dock Shipbuilders, and National Aluminium Company (NALCO). If we want to receive their next dividend, we must buy the shares before the ex-dividend date, often by September 18.  For NSDL, this is especially notable: the company is about to issue its first dividend since its IPO in August last year. Mazagon Dock has declared a final dividend of ₹2.71 per share. NALCO will pay ₹2.50 per share.

We’ll look at what “ex-dividend” means, why these dates matter, and what investors like us should keep in mind. By understanding these, we can take smart steps before the deadline and possibly benefit from these payouts.

NSDL (National Securities Depository Ltd.) Dividend Update

• Dividend amount: ₹2 per equity share (face value of ₹2) for FY 2024-25.
• Record & Ex-Date: Both fixed for September 19, 2025. Purchase must be on or before September 18 to qualify.
• Payment date: If shareholders approve the dividend at NSDL’s 13th AGM (scheduled for September 29, 2025), payment will be made on or before October 28, 2025, after deducting tax at source.
• Significance: This is NSDL’s first dividend since its IPO in August 2025. That makes it especially important for investors.
• Price behavior: NSDL’s share price before the ex-dividend date has been around ₹1,280–₹1,300. Some traders expect a small decline on ex-date (normal behavior) because the value of the dividend drops off then.

Mazagon Dock Shipbuilders Dividend Update

• Dividend amount: ₹2.71 per share as final dividend for FY 2024-25.
• Ex-dividend & record date: September 19, 2025. Buy by Sept 18 to be eligible.
• Payment timeline: The dividend is expected within 30 days after the AGM, once approved.
• Yield & previous history: The yield is ~0.58% based on the current share price. The payout is modest when compared to high-dividend stocks. Over the last year, Mazagon paid many dividends (interim + final), but growth in the dividend rate has had ups and downs.

NALCO (National Aluminium Company) Dividend Update

• Dividend amount: ₹2.50 per share as final dividend for FY 2024-25.
• Ex-dividend & record date: September 19, 2025.
• Yield: With the current share price (≈ ₹213.26), the dividend yield is around 4.70%. That is rather attractive among PSU dividend payers.
• Recent performance & context: NALCO has shown strong recent earnings. In Q1FY26, revenue rose ~33% YoY, profit and after-tax jumped ~77%. The company is also working on new bauxite mining and alumina/smelter expansion plans.

Other Companies & Comparisons

• Bharat Dynamics Ltd (BDL): Dividend of ₹0.65 per share, record/ex-date Sept 19, 2025.
• MOIL Ltd: ₹1.61 per share. Record date also Sept 19.
• Yield comparison: Among these, NALCO shows the highest yield. Mazagon’s yield is modest. NSDL’s yield is very low (≈ 0.16%) because of its large share price.

Investor Takeaways

• To qualify for dividends, we must hold the stock before the ex-dividend date. For these companies, that means buying by September 18, 2025.
• Be aware: right after ex-datan e, share prices often drop by roughly the dividend amount (or close), because new buyers are not getting that dividend. This is normal.
• Consider yield vs. sustainability. High yield is good, but only if the company has strong earnings and cash flow. NALCO seems in good shape now. Mazagon’s recent dividend rate is moderate, but less of a yield. An NSDL is new, so future performance matters.
• Understand tax implications: Dividends in India are subject to deduction of tax at source. Net amount depends on tax bracket.
• Look at your strategy: Are you a dividend income investor, or growth-oriented? Sometimes waiting beyond the ex-date or investing in companies with consistent growth may yield more long-term.

Conclusion

We are seeing a big cluster of companies, NSDL, Mazagon Dock, NALCO, BDL, MOIL, turning ex-dividend on September 19, 2025. For us as investors, this is a window to plan: decide which stocks to hold, which to buy now, and which to skip if yield doesn’t justify risk. NSDL is especially noteworthy: it is issuing its first dividend since IPO. We must check fundamentals, compare yields, watch for ex-date drops, and make moves wisely. Keeping up with such corporate events helps us build portfolios that balance growth and income.

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This content is for informational purposes only and is not financial advice. Always conduct your research.