Dividend Stocks, June 9 -- NELCO, Asian Paints, Tata Elxsi Ltd, Indian Bank, Johnson Controls-Hitachi Air Conditioning India Ltd, and Tata Investment Corporation are five stocks that will trade ex-dividend in trade today or tomorrow.

These companies had set Monday or Tuesday as the record date for identifying the list of shareholders eligible to receive the dividend.

The record date, as per the T+1 settlement procedure, means that investors need to buy the shares of the companies at least one day prior to the record date so that their names appear in the list of eligible shareholders to receive dividends and reap the benefits of dividend payouts made by the companies.

NELCO Ltd: Subject to shareholder approval at the company's subseque...