Today, June 23, is a key day for Polycab India Limited because June 24 is the ex-dividend date.
The company has announced a dividend of ₹35 per share for shareholders who are eligible. The good news is that even new investors can receive this dividend if they buy the shares today.
The ex-dividend date helps determine which shareholders will get the dividend. Here’s a clear look at how much this cable and wire company will pay per share.
Dividend of ₹35 Per Share
Polycab India’s board has declared a final dividend of ₹35 per share for the financial year 2025.
This is the company’s highest-ever dividend. June 24 has been set as the record date to decide who will receive this amount.
If shareholders approve the dividend at the upcoming Annual General Meeting (AGM), the payment will be made within 30 days before the AGM date.
Why You Must Buy the Shares Today
India follows the T+1 settlement cycle, which means shares bought on the record date (June 24) won’t qualify for the dividend.
Only those who buy shares on June 23 (today) will be eligible to receive it.
Also, global brokerage firm Jefferies has given a ‘buy’ rating to Polycab shares and increased the target price to ₹7,150.
According to Jefferies, the company currently holds a 1% share in the organised cable and wire market and is aiming to grow it to 26–27%.
