Published: June 7, 2025 | By: Market Insights Team
June 6, 2025,Tata Steel, JSW Energy, HDFC AMC Crash on Ex-Dividend Day, marks a big day for dividend investors as five notable Indian companies—Tata Steel, JSW Energy, HDFC Asset Management Company (AMC), Container Corporation of India (CONCOR), and Bank of Baroda—traded ex-dividend. For dividend investors, the ex-dividend date is a significant day because it is the day the stock has no value for the upcoming dividend that will be paid; investors who purchase on or after the ex-dividend date will not receive the dividend declared by the company.
In order to receive these dividends, investors must have purchased the shares prior to the close of trading on June 5, 2025, because India follows a T+1 settlement cycle. In this article, we will overview each company’s dividend details, stock performance, and what investors can do with this information.
What Does Ex-Dividend Mean?
The ex-dividend date is an important part of the dividend payment cycle. On this date, the price of the stock is usually lower by about the dividend amount as new purchasers will not receive the dividend due to the payment. Dividends are paid to holders who are on the company’s record as of the record date, which is June 6, 2025, for these stocks. Below are details of the announcement of dividends for each stock trading ex-dividend on June 6, 2025.
Dividend Details for the 5 Stocks
The following table summarizes the dividend payouts for the five companies trading ex-dividend on June 6, 2025:
| Company | Dividend per Share | Face Value | Dividend Yield (as of June 5, 2025) | Record Date | AGM Date |
|---|---|---|---|---|---|
| Tata Steel | ₹3.60 | ₹1 | 2.29% | June 6, 2025 | Not disclosed |
| JSW Energy | ₹2.00 | ₹10 | 0.30% | June 6, 2025 | July 11, 2025 |
| HDFC AMC | ₹90.00 | ₹5 | 1.95% | June 6, 2025 | Not disclosed |
| Container Corporation | ₹2.00 | ₹5 | 0.20% | June 6, 2025 | Not disclosed |
| Bank of Baroda | ₹8.35 | ₹2 | 3.10% | June 6, 2025 | Not disclosed |
Source: Company announcements via BSE, compiled from Livemint and Angel One.
1. Tata Steel
Dividend: ₹3.60 per equity share (360% of Face Value ₹1)
Details: Announced Tuesday, May 12, 2025, Tata Steel’s dividend is a result of its strong financial performance, we see the dividend announcement following a significant 117% YoY profit increase to ₹1,200.88 crore in Q4 FY25 gain, along with lower raw material costs and increased sales volume.
We have observed that TRST closed on Tuesday, June 5, 2025, at ₹157.78 (-0.26%), with Market cap at ₹197,464.50 crore. With the dividend declared, the dividend yield is at 2.29%, making it appealing to income-seeking investors. However, with a P/E ratio of 57.43, it is at a premium compared to its peers, which would include JSW Steel, among others.
2. JSW Energy
Dividend: ₹2.00 per equity share (20% of face value ₹10) Details: Declared on May 15, 2025, however, the dividend is still subject to the approval of the shareholders at the 31st Annual General Meeting (AGM) scheduled for July 11, 2025. JSW Energy’s profit for Q4 FY25, however, was reported to rise 16.1% YoY at ₹408 crore, helped by strong power demand.
On June 5, 2025, the stock appreciates 3.70% to ₹1,004.50 with a market capitalization of ₹245,341.91 crore. Although the dividend yield is relatively low at 0.30%, JSW Energy’s solid fundamentals and an analyst consensus of ‘Buy’ from 18 of 31 analysts indicate that it is a stock to own for growth.
3. HDFC Asset Management Company (AMC)
Dividend: ₹90.00 per equity share (face value ₹5)
Details: HDFC AMC’s substantial dividend, announced with its Q4 FY25 results, is pending approval from shareholders at the forthcoming AGM. The company (which paid an interim dividend of ₹70 per share earlier in FY25) had a tzox of 14.6% stock return in 2025. On June 5, 2025, the stock yielded a dividend yield of 1.95%. HDFC AMC has the highest payout (highest amongst the five) and has provided investors with consistent performance, along with its relatively high yield, makes it a preferred option for dividend investors. The premium valuation does necessitate caution.
4. Container Corporation of India (CONCOR)
Dividend: ₹2.00 per equity share (40% of facevalue ₹5)
Details: CONCOR has declared a final dividend of ₹2 a share, after paying the three interim dividends in FY25. The dividend is subject to AGM approval. The company’s logistics and rail transport group still shows strong operations; however, with a low dividend yield of 0.20%, CONCOR remains focused on growth and less on income.
The stock prices for June 5, 2025, were not fully available, however, CONCOR’s fundamentals have been consistently stable. The stock is a consistent stable pick for long-term investors.
5. Bank of Baroda
Interim Dividend: ₹8.35 per equity share (face value of ₹2)
Details: This dividend is proposed based on AY25 and will be subjected to approval by shareholders at the 29th AGM. In the fourth quarter of AY25, Bank of Baroda reported a profit of ₹5,048 crore—up 3.3% YoY—while net interest income decreased 6.6%. Certainly, while the stock had 3.10% dividend yield, the highest of the five stocks being reported, the prospect of a solid return appealed to dividend-seeking investors. The stock continued to be strong on June 5 – 25, but support was augmented by the clean positive sentiment in the public sector banking space.
Market Context and Investor Considerations
The ex-dividend date occurred at the same time as a positive sentiment has spread throughout the market, in part because the Reserve Bank of India cut the repo rate by 50 basis points to 5.5% (effective June 6, 2025). Many sectors, such as metals and banking, surged. The Nifty 50 index advanced 0.60% to close at 25,001.15, with higher prices for metal and PSU bank stocks, as predicted. Tata Steel and JSW Energy rallied due to the government enforcing a 12% safeguard duty on steel imports to help local producers. In light of these movements in the market, the investment community should be aware of:
- Price Adjustment: The stocks of Tata Steel and JSW Energy will decline in price on their ex-dividend date by (approximately) the amount of the dividend, or around ~₹3.60 (but not completely because the stock price could continue to move in the positive direction in tandem with positive market trends.)
- Dividend Qualifying Shares: Any shareholders who purchase shares of Tata Steel or JSW Energy after June 6, 2025 will not qualify to receive any of these dividends. The dividends are expected to be made available (payable) to shareholders within 30 days of the approval decision at the Annual General Meeting (AGM).
- Sector Outlook: The stock prices of metal companies like Tata Steel or JSW energy should continue to develop into stronger positions indicated by those rates on safeguard duties and steel prices, where as PSU bank companies such as the Bank of Baroda should support continued growth with the cuts to the repo rates by the Reserve Bank of India. HDFC Asset Management Company (HDFC AMC) has made every other financial sector company appear less appealing than it already is, due to their dividends.
Strategies for Investors
- Dividend Capture Strategy: If you are looking to capture dividends, you needed to be a buyer ahead of the ex-dividend date (June 6th, 2025). If you want to buy the stock after the ex-dividend date, ensure you buy ahead of the stock price weakness and that the dividend yield is significantly more advantageous.
- Long-Term Holding: Tata Steel and the Bank of Baroda have solid yields (2.29% and 3.10%) that would be suitable for long-term income portfolios. JSW Energy had a low yield (0.30%) but an outstanding growth story.
- AGM Results: Your dividend payout is only good once your shareholders approve it at an AGM (annual general meeting). Investors should track the results of AGMs.
- Macro Trends: Equities linked to metals (due to safeguard duties) and PSU banks (due to recent RBI rate cut) continue to show upside potential, which should provide capital gains along with dividends.
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