Investors have one session left to secure shares before the ex-record date on Friday; payouts range from ₹0.60 to ₹4.40 per share, and one company carries a Saturday record date trap that will catch anyone who waits until tomorrow.
Ten companies hit their ex-record date on Friday, May 8, 2026, which means today is the final session in which buying shares still makes you eligible for the dividend payout, per BSE corporate action data. Under India’s T+1 settlement cycle, a purchase made today settles by tomorrow, just in time. Buy on May 8 itself, and you’re too late for most of these.
The spread is unusually wide this Friday. At the lower end, the Central Bank of India is paying out ₹0.60 per share, a 60% face-value interim dividend. At the top, KSB Ltd is handing shareholders a final dividend of ₹4.40 per share, and Sundram Fasteners is paying ₹4.25 as a second interim payout for FY26, meaningful cash for any position size.
Payout Table
| Company | Dividend/Share | Face Value | Type | Ex/Record Date |
|---|---|---|---|---|
| KSB Ltd | ₹4.40 | ₹2 | Final | May 8, 2026 |
| Sundram Fasteners | ₹4.25 | ₹1 | 2nd Interim | May 8, 2026 |
| Somany Ceramics | ₹3.00 | ₹2 | Interim | May 8, 2026 |
| NALCO | ₹2.00 | ₹2 | Interim | May 8, 2026 |
| Laurus Labs | ₹1.20 | ₹2 | 2nd Interim | May 8, 2026 |
| Ramkrishna Forgings | ₹1.00 | ₹2 | 1st Interim | May 8, 2026 |
| Central Bank of India | ₹0.60 | ₹1 | Interim | May 8, 2026 |
| Premier Energies | ₹0.75 | ₹1 | 2nd Interim ⚠ | May 9, 2026 (Sat)* |
*Premier Energies record date: Saturday, May 9. Effective ex-date under T+1 is Wednesday, May 7, today. Last buy day is today, not tomorrow. Source: BSE filings, EquityBulls, Goodreturns; May 2026
⚠ INVESTOR ALERT — PREMIER ENERGIES
Premier Energies has a Saturday, May 9, record date. Under T+1 settlement, the effective ex-date falls on today, Wednesday, May 7, not Friday. Investors who wait until May 8 thinking it’s still safe will miss this dividend. Buy today or miss it. Payment is on or before June 2, 2026. Source: Premier Energies exchange filing, May 4, 2026.
How T+1 Settlement Works This Week
Buy May 7 → Shares settle in your demat on May 8. You appear on the register in time for Friday’s record date. ✓ Eligible.
Buy May 8 → Shares settle on May 9, one day late for the May 8 record date companies. ✗ Not eligible.
Premier Energies exception: The Record date is Saturday, May 9. Buying today (May 7) settles May 8 — still within the window. Buying May 8 settles May 9, which is the record date itself and may not qualify under T+1. Buy today to be certain.
NALCO and the PSU Angle
NALCO’s ₹2 interim dividend translates to a yield of roughly 0.9% based on current price levels, which is not dramatic in isolation, but the company has paid consistently across FY26, and the payout signals management’s read on cash position heading into FY27. The government-owned aluminium producer has benefited from elevated LME aluminium prices that held firm through Q4. Critically, NALCO’s interim classification means this is not the final word for the year, a final dividend remains possible at the AGM, meaning existing holders could receive an additional payout later in FY27. Source: BSE corporate action filing.
Sundram Fasteners: The One Worth Watching for Yield Investors
Of the lot, Sundram Fasteners is the most interesting from a yield perspective. The company declared its second interim dividend of ₹4.25 per share, 425% on face value of ₹1, for FY26, per EquityBulls. Last year the company paid out more than ₹8 per share for the full year. If FY26 follows a similar pattern, buying before today’s ex-date captures a meaningful slice of that payout cycle. Investors should check the live BSE price before transacting.
“Sundram Fasteners paid more than ₹8 per share for the full FY25 year. A May 7 buy-in before ex-date captures the second interim tranche, with a final dividend still ahead.”
Laurus Labs: Strong FY26 Behind a Small Payout
Laurus Labs’ ₹1.20 second interim dividend looks modest against the backdrop of a standout FY26. The pharma company posted Q4 FY26 consolidated net profit of approximately ₹279–282 crore, up roughly 19–21% year-on-year, with operating margins expanding 383 basis points to 28.27%, per MarketsMojo. For the full year, net profit reached ₹889 crore, a 148% surge from FY25’s ₹354 crore, on revenues of ₹6,813 crore, up 23%, per company filings and Business Upturn. The dividend yield is well below 1% in absolute terms but reflects continued strong cash generation as the company’s CDMO division, which delivered ₹2,080 crore in revenue in FY26, up 36%, continues to scale. Source: BSE filing, MarketsMojo, Business Upturn.
Ramkrishna Forgings: Context Beyond the Payout
Ramkrishna Forgings declared its first interim dividend of ₹1 per share on a face value of ₹2, with the record date set as May 8, per EquityBulls. The dividend amount itself is unremarkable, but the context adds weight: FY26 consolidated revenue came in at ₹4,238 crore, up 5% year-on-year, and the board simultaneously approved the re-appointment of MD Naresh Jalan for another three years. Read together, the payout is a management continuity and balance-sheet health signal arriving alongside a defined leadership horizon, not a standalone mechanical payout. Investors looking for full-year dividend context should check FY25 payouts on the BSE corporate action calendar for a direct comparison.
Somany Ceramics and Central Bank Round Out the List
Somany Ceramics is paying ₹3 per share, 150% on face value of ₹2, as an interim dividend, with total returns of 18.49% over the past three months including dividend returns, per MarketsMojo. Central Bank of India pays ₹0.60 on a face value of ₹1, a 60% interim dividend.
Also Read: KPIT Technologies Q4 Profit Plunges 33% to ₹163 Crore
Frequently Asked Questions
What is the last date to buy shares to get the May 8 dividend?
Today, May 7, 2026, is the last date. Under India’s T+1 settlement cycle, shares bought on May 7 settle on May 8, the record date for most of these companies. Buying on May 8 itself results in settlement on May 9, making you ineligible for the May 8 record date. For Premier Energies specifically, the record date is Saturday, May 9. Shares bought today settle on May 8, which still falls within the May 9 record window. Buying May 8 settles on the record date itself and may not qualify, buy today to be certain.
Which stock is paying the highest dividend among the May 8 ex-date companies?
KSB Ltd tops the list with a final dividend of ₹4.40 per share for FY26. Sundram Fasteners follows at ₹4.25 per share (second interim for FY26, 425% on face value of ₹1). Somany Ceramics pays ₹3 per share (150% on face value of ₹2). NALCO pays ₹2 per share as an interim dividend.
Is Premier Energies ex-date May 7 or May 8?
The official record date set by Premier Energies is Saturday, May 9, 2026, per the board meeting held May 4, 2026. Under T+1 settlement, the effective ex-date falls on Wednesday, May 7 — today. Investors who purchase today will have shares settle on May 8, which falls within the May 9 record window and qualifies for the dividend. Investors who purchase on May 8 will have shares settle on May 9 — the record date itself — which may not qualify under T+1 rules. Complete the purchase during today’s session to be certain. Dividend payment is on or before June 2, 2026.
What is Somany Ceramics’ dividend percentage on face value?
Somany Ceramics is paying ₹3 per share as an interim dividend on a face value of ₹2, making this a 150% face-value dividend for FY26. The stock has delivered total returns of 18.49% over the past three months including dividend returns, per MarketsMojo.
How does T+1 settlement affect dividend eligibility in India?
Under India’s T+1 settlement cycle, shares purchased on any trading day settle in your demat account the following business day. To appear on the shareholder register as of a given record date, your purchase must settle on or before that date, meaning you must buy one trading day prior. For a Friday, May 8 record date: buy Wednesday, May 7, settle Thursday, May 8, eligible. For Premier Energies’ Saturday May 9 record date: buy Wednesday, May 7, settle Thursday, May 8, still within the window.
Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any security. Dividend eligibility is subject to individual demat account settlement timelines and broker processing. Stock prices referenced reflect last available traded data and may have changed. Investors should verify ex-date and record date details directly on the BSE/NSE corporate action calendar before transacting. Consult a SEBI-registered financial advisor before making investment decisions.
