This means today is the last day to purchase these shares to qualify for the announced dividends.
Dividends are distributed to shareholders listed in the company’s records on the record date. To be eligible, investors must buy shares at least one day before the ex-date, as trades settle the following day.
Under the T+1 settlement system, the record date and ex-date are typically the same, except when a market holiday follows the ex-date.
As a fundamental component of stock market returns, dividends typically come in the form of quarterly cash payments, though they can also be distributed as additional shares.
This profit-sharing mechanism is particularly common among mature, financially stable companies with consistent earnings, making dividends a key consideration for income-focused investors.Also read: Angel One AMC receives Sebi approval to start mutual fund business; stock jumps 5%
Here’s a list of stocks from StockEdge data that will trade ex-dividend starting Thursday:
Bayer CropScience had declared an interim dividend of Rs 90 per share
Focus Business Solution had declared an interim dividend of Rs 0.1 per share
GPT Healthcare had declared an interim dividend of Rs 1 per share
Indag Rubber had declared an interim dividend of Rs 0.9 per share
Jamna Auto Industries had declared an interim dividend of Rs 1 per share
Panchsheel Organics had declared an interim dividend of Rs 0.8 per share
Procter & Gamble Health had declared a final dividend of Rs 60 per share
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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