TechM, IRFC and 8 Other Stocks Turning Ex Dividend Next Week To Keep on Your Radar
Ten companies, including ICICI Prudential AMC, Tech Mahindra, 360 ONE WAM and ICICI Lombard, go ex-dividend between 21 and 23 October 2026. Payouts range from Rs. 0.50 to Rs. 30 per share
ICICI Prudential AMC: Rs. 30 per share
ICICI Prudential AMC is a joint venture between ICICI Bank and Prudential, and it runs equity, debt and hybrid schemes for retail and institutional clients. It earns mostly from fees on the assets it manages, so its profits rise and fall with the market and with how much money investors put in.
At Rs. 30, this is the largest payout of the week. Ex-date and record date are both 21 October. The last day to buy is Tuesday, 20 October. A 100-share holder gets Rs. 3,000.
Mangalore Refinery and Petrochemicals (MRPL): Rs. 3 per share
MRPL is an ONGC subsidiary based in Karnataka. It refines crude into petrol, diesel, LPG and aviation fuel, plus some petrochemicals. Margins depend heavily on global crude prices and refining spreads, which makes it a cyclical name. The interim dividend is Rs. 3, with the ex-date and record date on 21 October. Buy by 20 October. For 100 shares, that’s Rs. 300.
Elecon Engineering: Rs. 0.50 per share
Elecon makes industrial gears and material handling equipment for steel, cement, power, mining and sugar plants. It is one of the more recognisable gearbox makers in the country.
The Rs. 0.50 payout is the smallest of the ten. Ex-date and record date are 21 October, and the last day to buy is 20 October. A 100-share holder would collect Rs. 50.
Thursday, 22 October
Tips Music: Rs. 6.50 per share
Tips Music owns a big catalogue of Hindi and regional film and non-film songs. It makes its money by licensing that catalogue to streaming platforms, TV channels, filmmakers and other digital partners.
The company has declared Rs. 6.50 per share, with the ex-date and record date on 22 October. The last day to buy is Wednesday, 21 October. For 100 shares, the payout is Rs. 650.
Angel One: Rs. 1.40 per share
Angel One is one of India’s leading retail brokers, and it also distributes wealth products. Most customers reach it through its mobile app for trading, mutual funds and loans. It tends to do well when retail participation in the markets is strong. The board announced Rs. 1.40, with the ex-date and record date on 22 October. Buy by 21 October. A 100-share holder gets Rs. 140.
Friday, 23 October
Five of the ten upcoming ex-dividend dates fall on Friday, making it the busiest session of the week. The final deadline for investors to purchase shares is Thursday, October 22.
Tech Mahindra: Rs. 15 per share
Tech Mahindra is the Mahindra Group’s IT services arm. It offers software, consulting and digital transformation work, and it has a strong base among telecom and communications clients worldwide. At Rs. 15, this is the second-largest payout on the list. Ex-date and record date are both 23 October. A 100-share holder would receive Rs. 1,500.
360 ONE WAM: Rs. 7.50 per share
360 ONE WAM serves high-net-worth and ultra-high-net-worth clients with wealth advisory, portfolio management and alternative investment products. It will pay Rs. 7.50 per share, with the ex-date and record date on 23 October. For 100 shares, that comes to Rs. 750.
ICICI Lombard General Insurance: Rs. 7 per share
ICICI Lombard is among the largest private general insurers in India. It sells motor, health, travel, home and commercial cover through a wide distribution network. The board has announced Rs. 7 per share, with both the ex-date and record date on 23 October. A 100-share holder would earn Rs. 700.
HDB Financial Services: Rs. 2 per share
HDB Financial is a non-banking finance company and a subsidiary of HDFC Bank. It lends across vehicle, personal, business and consumer finance, and it is listed on the exchanges in 2025. The interim dividend is Rs. 2, with the ex-date and record date on 23 October. A 100-share holder would receive Rs. 200.
Indian Railway Finance Corporation (IRFC): Rs. 1.15 per share
IRFC is the financing arm of Indian Railways. It borrows from the market and lends the money to the railways to buy rolling stock and fund projects. Because it is government-owned and pays dividends regularly, retail investors like it. The Rs. 1.15 payout goes ex on 23 October, the same date as the record date. A 100-share holder would get Rs. 115.
What to Keep in Mind
These are all interim dividends, which the board can declare during the financial year. A final dividend is different because shareholders have to approve it at the annual general meeting. A dividend is not free money. On the ex-date, the stock usually opens lower by roughly the amount of the payout, so you are receiving cash that used to sit inside the company. Your total wealth stays about the same. The income is also taxable in your hands at your slab rate, and companies may deduct TDS once your dividends cross the annual limit. Finally, a large payout shouldn’t be the reason to buy a stock. Business quality, earnings visibility and valuation matter far more than a single dividend.
