Dividend Stocks On May 16: SBI, IEX, Aptech, Among 9 Stocks To Ex-Dividend On Friday; 1,590% Highest Payout

Dividend stocks on May 16, 2025: A total of nine listed companies are scheduled to turn ex-dividend on Friday, May 16th. These companies will reward investors with dividend payouts ranging from Rs 0.50 to as high as Rs 15.90 per share. Accordingly, their stocks will be in focus.

Here are the details of 9 stocks that will turn ex-dividend on May 16, 2025, aka Friday:

1. State Bank of India (SBI) Dividend:

The largest PSU lender, State Bank of India (SBI) is going to turn ex-dividend on May 16th for its dividend payout of Rs 15.90 per share, with a face value of Re 1 each for FY25. In percentage terms, the payout is a whopping 1590%. The record date for determining the eligibility of members entitled to receive dividends on equity shares is Friday. The dividend payment date is fixed on May 30, 2025. This dividend payout is higher compared to dividends of Rs 13.70 per share in 2024 and Rs 11.30 apiece in 2023.

Prior to the ex-date, SBI share price closed at Rs 807.70 apiece, nearly 1% up on BSE, with a market valuation of Rs 7,20,841.56 crore. SBI is less than Rs 130 to hit its 52-week high of Rs 912.10 apiece. Its return on equity is healthy at 17.39%.

In its outlook report, Axis Securities note said, "SBI remains well-poised to sustain its growth momentum, supported by its comfortable LDR, which provides it with levers to accelerate credit growth. With a bulk of its loan book either being MCLR-linked or Fixed rate, the impact of yield repricing would be with a lag, instilling confidence in the management to protect NIMs at ~3%. We believe SBI could continue to deliver a sustainable RoA of 1% over the medium term, supported by (1) Healthy growth visibility across segments, (2) Strengthening deposit franchise with a focus on CASA deposits, (3) Ramping up the fee income profile, and (4) Controlled Opex and steady provisions. We expect SBI's RoA/RoE to range between ~1%/14-15% over FY26-27E."

Hence, the brokerage recommended BUY with a target price of Rs 1,025 per share.

2. Indian Energy Exchange (IEX) Dividend:

Leading energy exchange and data platform, IEX is going to turn ex-dividend on May 16th for the final dividend of Rs. 1.50/- per equity share having a face value of Re. 1/-( Rupee One) each fully paid up for the financial year ended March 31, 2025, subject to the approval of shareholders of the Company.

May 16th is also the 'Record Date' to ascertain the eligibility of shareholders for payment of the Final Dividend.

Ahead of the ex-dividend date, IEX shares ended marginally up to Rs 197.45 apiece on BSE, with market cap of Rs 17,744.23 crore. Its return on equity is at 39.18%.

3. Advanced Enzyme Technologies Dividend:

Trading at Rs 291.15 apiece with a market cap of Rs 3,257.42 crore, Advanced Enzyme is a Smallcap company with return on equity at 15.70%.

Advanced Enzyme will turn ex-dividend on May 16, for dividend payout of Rs 4 per share. The record date is May 17, however, since it's a Saturday, those investors who hold Advanced Enzyme shares by the end of the May 16th trade session will be eligible for the benefit.

This is the first dividend payout by Advanced Enzyme in 2025.

4. Authum Investment & Infrastructure Dividend:

This NBFC is a midcap with a capitalisation of Rs 36,460.65 crore. Ahead of the ex-dividend date, Authum Investment's share price ended at Rs 2146.70 apiece on BSE, up by 0.5% on May 15th. Its return on equity is at 31.09%.

The company announced an interim dividend of Rs 0.50 per share, with a face value of Rs 10 each for FY26. It fixed Friday, May 16, 2025, as the Record Date, for the purpose of payment of the said dividend. The interim dividend payout will be made to eligible preference shareholders on or before Tuesday, June 10, 2025.

5. Alicon Castalloy Dividend:

Yet another small-cap, Alicon Castalloy's share price ended at Rs 775.45 apiece on BSE, higher by 5.4% with market cap of Rs 1,261.02 crore. Its return on equity is at 7.6%.

Engaged in the auto components and equipment segment, Alicon will turn ex-dividend on May 16 for an interim dividend of Rs. 2.5 /- per Equity Share of Rs. 5/- each (50 %) for the Financial Year 2024-2025. For the purpose of determining the entitlement, May 17 is fixed as the record date.

6. Aptech Dividend:

This education company is a small cap with a market valuation of Rs 996.44 crore. Its share price rose by 1% to end at Rs 171.80 apiece on May 15. Its return on equity is at 9.44%.

The company will turn ex-dividend on Friday, for its Interim dividend of Rs. 4.5/- per equity share of the face value of Rs. 10/- each for the Financial Year 2024-25 (i.e., 45 % of the face value).

7. Aptus Value Housing Finance India Dividend:

Aptus Value is a housing finance company and part of the BSE 500 list. Its stock price stood at Rs 327.45 apiece, up by 1.8% on May 15, with a market cap of Rs 16,366.41 crore and a return on equity of 14.81%.

This HFC is turning ex-dividend on Friday for its second interim dividend of Rs. 2.50/- per equity share (125%) of the face value of Rs. 2/- each for the financial year 2024-25. The record date is also Friday, 16th May 2025 for payment of interim dividend. Accordingly, the interim dividend will be paid to those members whose names appear in the Register of Members as of 16th May 2025. The said interim dividend will be paid within 30 days from the date of its declaration.

8. Fabtech Technologies Cleanrooms Dividend:

Fabtech is an SME IPO listed on BSE. Unlike the above-mentioned stock, this industrial products maker recorded a bearish trend in its share price. On May 15, the stock ended at Rs 299 apiece, down by 4.75% on BSE, with a market cap of Rs 368.35 crore. Fabtech is a penny stock.

The company's shares will be ex-dividend on May 16 for the first interim dividend of Rs. 2/- per Equity Share, of the face value of Re.10/- each for the Financial Year 2024-25.

9. Kewal Kiran Clothing Dividend:

Kewal Kiran Clothing, a textile company trading as a smallcap, is going to turn ex-dividend for its interim dividend of Rs.2/-per equity share of Rs. I 0/-each during the quarter and year ended 31st March 2025. The record date is also May 16, 2025.

The textile stock ended at Rs 462.85 apiece, up by 1% on BSE, with a market cap of Rs 2,852.32 crore.

What Are Dividends?

A dividend is a reward paid by publicly listed companies to investors for investing in their stocks. The company's board of directors decides the rate of dividends, after receiving consent from the majority of shareholders. The company can also choose not to pay dividends and reinvest their accumulated profit for further growth, as per the Angel Broking website.

Disclaimer: The recommendations made above are by market analysts and are not advised by either the author or Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.