This means that today is the last day to buy shares of these companies to qualify for the declared dividend.
Dividends are paid to shareholders whose names appear in the company’s database on the record date. After the implementation of the T+1 framework, in most cases the record date and ex-date are identical, unless there is a market holiday after the ex-date.
Shareholders who buy the stock at least one day before the ex-date are eligible for the dividend, as the settlement takes place on the next day. Those who buy stock on ex-date are not eligible for dividend.
Here is the list of stocks that will start trading on an ex-dividend basis from Monday:
1) The Board of Exide Industries has declared a dividend of Rs 2 per share.
2) Happy Forgings has announced to its eligible shareholders Rs. Declared a dividend of 4.
3) Bemco Hydraulics has paid its Rs. 2 per share has set a record date of July 22 to determine the eligible shareholders for the dividend.
4) Carborundum Universal per share at Rs. A dividend of 2.5 has been declared.
5) Chambond Chemicals to its eligible shareholders of Rs. A dividend of 3.5 has been declared.
6) Board of Directors of DHP India per share Rs. Declared a dividend of 4.
7) Divgi Torqtransfer Systems paid Rs. 2.6 declared a dividend.
8) Indian Metals & Ferro Alloys to all its eligible shareholders Rs. Will pay a final dividend of 7.5.
9) The Board of Swalect Energy Systems has decided to pay Rs. A dividend of 3 was declared.
10) Taparia Tools will pay a dividend of Rs 20 per share. The board has fixed July 22 as the record date
Determine the eligibility of shareholders.
11) Voltamp Transformers per share Rs. A dividend of 90 was declared.
12) Expro India per share Rs. declared a dividend of 2.
(Disclaimer: Recommendations, suggestions, opinions and views given by experts are their own. These do not represent the views of Economic Times)
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