HAL, IRCTC, ONGC, Coal India, Bharat Forge, PFC Among Major Stocks Turning Ex-Dividend Next Week

Several large-cap Indian companies, including key public sector undertakings and prominent corporate names, are set to trade ex-dividend in the week of February 16–20, 2026, offering attractive payouts for income-oriented investors ahead of the March quarter.

Defence heavyweight Hindustan Aeronautics Ltd will lead the pack with an interim dividend of ₹35 per share as it turns ex-dividend, reflecting strong cash generation and steady order flows. Energy sector stalwarts Oil and Natural Gas Corporation Ltd and Coal India Ltd are also among the companies set to go ex-dividend; Coal India is slated for its third interim payout of ₹5.50 per share.

Railway ticketing and travel firm Indian Railway Catering and Tourism Corporation Ltd will trade ex-dividend for an interim payout of ₹3.50 per share, while engineering specialist Bharat Forge Ltd is expected to offer an interim dividend of around ₹6 per share. Financial sector name Power Finance Corporation Ltd rounds out the list with a ₹4 per share dividend as it turns ex-date.

Industry watchers say more than 50 companies in the Indian equity markets will trade ex-dividend during the week, underscoring a seasonally busy dividend window. Ex-dividend dates are key for investors seeking to qualify for upcoming payouts, as stock prices typically adjust on the ex-date to reflect the dividend distribution.