Stocks to Watch: Bharat Dynamics and 7 Others That Will Trade Ex-Dividend Next Week

SYNOPSIS: Eight listed stocks will trade ex-dividend next week, with interim payouts announced across defence, FMCG, logistics, auto, pharma, engineering, and shipping sectors, offering varied dividend yields and payout ratios.

A dividend is essentially a way for a listed company to share its profits with shareholders. The dividend payout ratio shows how much of the company’s earnings are distributed, while dividend yield reflects the rate of returns made available to the shareholders in the form of cash dividends. For investors, understanding the ex-dividend date is important, as it determines eligibility for the dividend and often influences short-term price movements around that period. Following are the 8 stocks that will be trading ex-dividend next week:

Bharat Dynamics Limited

The company has declared an Interim dividend of Rs. 4.5 per share, equating to a 90 percent payout as compared to the face value of Rs. 5. The ex-dividend date has been fixed as 9th February 2026. Bharat Dynamics has a dividend yield of 0.37 percent. On Friday, the stock closed in the red at Rs. 1,268.85 on BSE with a market capitalisation of Rs. 46,511 crores.

Bharat Dynamics Limited (BDL), a Government of India Enterprise under the Ministry of Defence, is engaged in the business of manufacturing missiles and allied defence equipment. The company provides the majority of its goods and services to the Indian Armed Forces and the Government of India.

Emami Limited

The company has declared an Interim dividend of Rs. 6 per share, equating to a 600 percent payout as compared to the face value of Re. 1. The ex-dividend date has been fixed as 10th February 2026. Emami has a dividend yield of 1.97 percent. On Friday, the stock closed in the green at Rs. 504.9 on BSE with a market capitalisation of Rs. 22,169 crores.

Emami Limited, one of India’s leading FMCG Companies, is engaged in the business of manufacturing & marketing personal care & healthcare products with an enviable portfolio of household brand names such as Boro Plus, Navratna, Fair and Handsome, Zandu Balm, Kesh King, Zandu Pancharishta, Mentho Plus Balm, Dermicool and others.

Transport Corporation of India Limited

The company has declared an Interim dividend of Rs. 9 per share, equating to a 450 percent payout as compared to the face value of Rs. 2. The ex-dividend date has been fixed as 10th February 2026.

Transport Corporation of India has a dividend yield of 0.84 percent. On Friday, the stock closed in the green at Rs. 1,065.35 on BSE with a market capitalisation of Rs. 8,174 crores. Transport Corporation of India is engaged in the business of freight transport, supply chain solutions and transport through seaways.

Cummins India Limited

The company has declared an Interim dividend of Rs. 20 per share, equating to a 1000 percent payout as compared to the face value of Rs. 2. The ex-dividend date has been fixed as 11th February 2026. Cummins has a dividend yield of 1.18 percent. On Friday, the stock closed in the red at Rs. 4,363.85 on BSE with a market capitalisation of Rs. 1.2 lakh crores.

Cummins India Limited, a part of the Cummins Inc. Group USA, is engaged in the business of designing, manufacturing, distributing and servicing diesel and alternative fuel engines from 2.8 to 100 litres, diesel and alternative-fueled power generator sets of up to 3000 kW (3750 kVA), as well as related components and technology.

Hero MotoCorp Limited

The company has declared an Interim dividend of Rs. 110 per share, equating to a 5,500 percent payout as compared to the face value of Rs. 2. The ex-dividend date has been fixed as 11th February 2026.

Hero MotoCorp has a dividend yield of 2.82 percent. On Friday, the stock closed in the red at Rs. 5,755.7 on BSE with a market capitalisation of Rs. 1.15 lakh crores.

Hero MotoCorp Limited, the world’s largest manufacturer of two-wheelers, is engaged in the business of manufacturing and selling motorised two-wheelers, spare parts and related services.

JB Chemicals & Pharmaceuticals Limited

The company has declared an Interim dividend of Rs. 12.7 per share, equating to a 1,270 percent payout as compared to the face value of Re. 1. The ex-dividend date has been fixed as 11th February 2026.JB Chemicals has a dividend yield of 0.83 percent. On Friday, the stock closed in the red at Rs. 1,847.15 on BSE with a market capitalisation of Rs. 29,651.8 crores.

JB Chemicals & Pharmaceuticals Limited, one of India’s leading pharmaceutical companies, is engaged in the business of manufacturing and marketing a diverse range of pharmaceutical formulations, herbal remedies and Active Pharmaceutical Ingredients (APIs).

Mazagon Dock Shipbuilders Limited

The company has declared an Interim dividend of Rs. 7.5 per share, equating to a 150 percent payout as compared to the face value of Rs. 5. The ex-dividend date has been fixed as 13th February 2026. Mazagon Dock has a dividend yield of 0.72 percent. On Friday, the stock closed in the green at Rs. 2,402.35 on BSE with a market capitalisation of Rs. 96,906 crores.

Mazagon Dock Shipbuilders Limited, a Defence Public Sector Undertaking (DPSU) under the Ministry of Defence (MoD), is principally engaged in the building and repairing of ships, submarines, various types of vessels and related engineering products for its customers. 

VRL Logistics Limited

The company has declared an Interim dividend of Rs. 5 per share, equating to a 50 percent payout as compared to the face value of Rs. 10. The ex-dividend date has been fixed as 13th February 2026. VRL Logistics has a dividend yield of 2.62 percent. On Friday, the stock closed in the green at Rs. 284.9 on BSE with a market capitalisation of Rs. 4,984 crores.

VRL Logistics is engaged in the business of providing logistics services dealing mainly in domestic transportation of goods. Other businesses include bus operations, transport of passengers by air, sale of power and sale of certified emission reductions (CER) units generated from the operation of wind mills.

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