Mahindra & Mahindra, Axis Bank and 2 more Nifty stocks approach record date for dividend. Last day to buy today
ADVERTISEMENT Ex-dividend is a key date in the dividend process and from this day the stock starts trading without the right to receive the declared dividend. This means that if an investor buys a stock on or after the ex-dividend date, he/she will not receive the upcoming dividend. To receive the dividend, one must buy the stock before the ex-dividend date.
On the other hand, the ex-date (or ex-dividend date) marks the first day the stock trades without the dividend. Buyers purchasing the stock on or after this date will not be eligible for the upcoming dividend. The ex-date is usually set one business day before the record date.
In the above cases, the companies have set the same day as the ex-date and record dates.In the T+1 settlement system used in Indian equity markets, trades are settled one working day after the transaction. Therefore, investors must purchase shares by July 3 to ensure the transaction is settled and reflected in their demat accounts by the record date.
-- M&M: Ex-date and record date for a dividend of Rs 25.30 per equity share
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-- Axis Bank: Ex-date and record date for a final dividend of Re 1 per equity share
-- Nestle India: Ex-date and record date for a final dividend of Rs 10 per equity share
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-- Tech Mahindra: Ex-date and record date for a final dividend of Rs 30 per equity share
July 4 will also be the ex-date and record date for final dividends of 20 other stocks. Here is the full list
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1) AU Small Finance Bank: Final dividend of Re 1
2) Bharat Forge: Final dividend of Rs 6
ADVERTISEMENT 3) Biocon: Final dividend of Rs 0.50
4) Central Bank of India: Final dividend of Rs 0.1875
5) Cyient: Final dividend of Rs 14
6) Dhampur Bio Organics: Final dividend of Rs 1.25
7) DCB Bank: Final dividend, Rs 1.3500
8) Escorts Kubota: Final dividend of Rs 18
9) Gloster: Dividend of Rs 20
10) India Shelter Finance Corporation: Final dividend of Rs 5
11) Jupiter Life Line Hospitals: Final dividend of Re 1
12) Max Healthcare Institute: Final dividend of Rs 1.5
13) Nippon Life India Asset Management, Final dividend of Rs 10
14) Navin Fluorine International: Final dividend of Rs 7
15) Shine Fashions (India): Final dividend of Rs 0.125
16) SKF India: Final dividend of Rs 14.50
17) Sona BLW Precision Forgings: Final dividend: Rs 1.60
18) Supreme Petrochem: Final Dividend of Rs 7.50
19) Thermax: Final dividend of Rs 14
20) Welspun Enterprises: Final dividend of Rs 3
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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