Mphasis, 6 other stocks to trade ex-dividend tomorrow. Last opportunity to buy for benefit
companies
like
Mphasis
and
Pfizer
, among others, will start trading on an
ex-dividend
basis from Wednesday, as the board of these companies had previously announced July 9 as the record date for the purpose of determining shareholder eligibility.
This means that
investors
who wish to gain from the dividends of these companies should buy the shares of these companies by the end of today's trading session, so as to qualify for eligibility.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Cardiologist Reveals: The Simple Morning Habit for a Flatter Belly After 50!
Lulutox
Undo
What does a record date mean?
Play Video
Pause
Skip Backward
Skip Forward
Unmute
Current Time
0:00
/
Duration
0:00
Loaded
:
0%
0:00
Stream Type
LIVE
Seek to live, currently behind live
LIVE
Remaining Time
-
0:00
1x
Playback Rate
Chapters
Chapters
Descriptions
descriptions off
, selected
Captions
captions settings
, opens captions settings dialog
captions off
, selected
Audio Track
default
, selected
Picture-in-Picture
Fullscreen
This is a modal window.
Beginning of dialog window. Escape will cancel and close the window.
Text
Color
White
Black
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Opaque
Semi-Transparent
Text Background
Color
Black
White
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Opaque
Semi-Transparent
Transparent
Caption Area Background
Color
Black
White
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Transparent
Semi-Transparent
Opaque
Font Size
50%
75%
100%
125%
150%
175%
200%
300%
400%
Text Edge Style
None
Raised
Depressed
Uniform
Drop shadow
Font Family
Proportional Sans-Serif
Monospace Sans-Serif
Proportional Serif
Monospace Serif
Casual
Script
Small Caps
Reset
restore all settings to the default values
Done
Close Modal Dialog
End of dialog window.
The record date for a dividend is the cut-off date set by a company to determine which
shareholders
are eligible to receive the dividend. Only those who hold the company's shares on or before the record date are entitled to receive the dividend payout.
If an investor buys the shares after the record date, they will not receive the dividend. To be eligible, investors typically need to purchase the shares at least one trading day before the ex-dividend date, which is usually set one or two days before the record date.
Live Events
Why to buy one day before the record date?
After the implementation of the T+1 framework, the record date and ex-date are the same in most cases unless there is a market holiday after the ex-date.
The T+1 settlement system in the Indian stock market means that a trade is settled one business day after the trade date (T). So, if you buy or sell a stock on Monday (T), the settlement — i.e., transfer of shares and money — will be completed on Tuesday (T+1).
Which companies go ex-dividend on Wednesday?
Mphasis has declared a final dividend of Rs 57 per share
Pfizer has announced a final dividend of Rs 35 per share and a special dividend of Rs 130 per share
Elegant Marbles & Grani Industries declared a final dividend of Rs 1 per share
Johnson Controls – Hitachi Air Conditioning India announced an interim dividend of Rs 36 per share
Kabra Extrusiontechnik will pay a final dividend of Rs 2.5 per share
SJS Enterprises
will distribute a final dividend of Rs 2.5 per share (25%).
SML Isuzu
declared a final dividend of Rs 18 per share
(
Disclaimer
: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
Brics rejects EU's unilateral carbon border tax proposal
Brics Summit NEW DELHI: The Brics nations have rejected the European Union's proposed carbon border tax, or the carbon border adjustment mechanism (CBAM), calling it "unilateral, punitive and discriminatory protectionist measures", and said the move, being made "under the pretext of environmental concerns", would undermine their capacities to invest in just energy transitions and development priorities. India has long been opposed to such measures and even flagged its concerns during the recent free trade agreement talks with the EU. The concerns of the group of 11 nations, including Brazil, Russia, India, China and South Africa, over such trade barriers got reflected prominently in the 'Leaders' Framework Declaration on Climate Finance' adopted in Rio de Janeiro, Brazil, on Monday. The CBAM, to be implemented from next year, is a tool to impose border tax on carbon-intensive goods, such as iron & steel, aluminium and cement, that enter the 27 EU nations. Since it will impose a tariff burden on developing countries and impact their trade prospects, large exporters of such goods, including India and China, have consistently been opposing it. Condemning CBAM, the Brics nations declared that such measures are "not in line with international law", and said they oppose "unilateral protectionist measures which deliberately disrupt the global supply and production chains and distort competition". by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 20 Pieces of Clothing you should Ditch over 40 Learn More Undo Besides flagging the EU's trade barrier, the Brics nations expressed "serious concern" over pre-2020 mitigation gaps for developed countries and urged them to urgently bridge the gaps between what they promised and what they have achieved in terms of greenhouse gas emissions reduction. The group asked the rich nations to increase their 2030 climate action targets and achieve net-zero emissions significantly ahead of 2050, preferably by 2030. Referring to the critical issue of finance that is going to dominate the climate talks (CO) in Belem, Brazil, later this year, the Brics nations called upon developed countries to meet their earlier goal of jointly mobilising $100 billion per year through 2025 to address the needs of developing countries, and achieve the finance goal of $300 billion per year by 2035. "We note that substantial gaps remain in fulfilling the financing needs identified by developing countries," the declaration said. The developed countries were also urged to increase their collective provision of climate finance for adaptation, doubling the amount from 2019 levels by 2025 at the least.
Economic Times
an hour ago
- Economic Times
Rupee inches up tracking regional peers, spotlight stays on tariffs
The Indian rupee posted modest gains on Tuesday, tracking strength in regional peers, as markets looked past the White House's tariff letters and instead took solace in the deadline extension to August 1 that leaves room for deals to be struck. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Indian rupee posted modest gains on Tuesday, tracking strength in regional peers, as markets looked past the White House's tariff letters and instead took solace in the deadline extension to August 1 that leaves room for deals to be rupee closed at 85.6950 against the U.S. dollar, up about 0.2% from its close at 85.85 in the previous reaction to U.S. President Donald Trump dispatching letters to 14 trading partner with sharply higher tariffs on imports into the United States was largely muted, with most regional equities and currencies gaining on instance, while South Korea received a letter declaring a 25% tariff, the won rose 0.7% against the dollar and the KOSPI 200 index gained nearly 2%, logging its best day in two benchmark equity indexes logged modest gains as well. Local equities have largely kept pace with a regional stock gauge since U.S. reciprocal tariffs were announced on April 2, but the rupee has underperformed emerging market peers despite broad weakness in the dollar."The market seems to be taking the view that nothing is final and that these letters merely mark another iteration on the journey towards a trade deal," ING said in a local currency was supported by modest inter bank dollar sales on the day alongside positive cues from gains in regional currencies, a trader at a private bank reckon that the rupee is likely to stick to rangebound price action in the near-term but the announcement of a trade deal with U.S. could open room for a rise towards dollar-rupee forward premiums retreated as traders trimmed wagers on rate cuts by the U.S. Federal Reserve. The 1-year dollar-rupee implied yield declined 4 basis points to 1.95%.
Time of India
an hour ago
- Time of India
What Microsoft said on shutting down its 25-year-old operations in Pakistan: We follow this ...
Microsoft recently shut down its operations in Pakistan after 25 years. The news of Microsoft closing down its operations in Pakistan was first revealed in a LinkedIn post by Jawwad Rehman, the founding head of Microsoft Pakistan. However, the move is said to be in the offing for sometime as only a liaison office with around five employees remained in Pakistan. Microsoft has now confirmed the complete closure of the company's operations in the country. The Redmond-based company told TechCrunch that it is changing its operational model in Pakistan. The report further added that Microsoft did not have any engineering resources in Pakistan. This is unlike Microsoft's operations in India and other growing markets. The closure comes amid broader company restructuring of Microsoft's operations globally. What Microsoft said on closing operations in Pakistan 'Our customer agreements and service will not be affected by this change,' a Microsoft spokesperson said in an emailed statement. It added that the company will now serve its customers through resellers and 'other closely located Microsoft offices.' the spokesperson added, 'We follow this model successfully in a number of other countries around the world. Our customers remain our top priority and can expect the same high level of service going forward.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo The decision will reportedly impact the five Microsoft employees in Pakistan. These employees reportedly sold Azure and Office products in the country What Microsoft Pakistan country head said on the exit In a post titled 'End of an Era… Microsoft Pakistan', the company's first-ever country head in Pakistan Rehman wrote, "Today, I learned that Microsoft is officially closing its operations in Pakistan. The last few remaining employees were formally informed and just like that, an era ends... Exactly 25 years ago, in June 2000, I had the honor of launching and leading Microsoft Pakistan." He added, "Today's news forces reflection. This is more than a corporate exit. It's a sobering signal of the environment our country has created.. one where even global giants like Microsoft find it unsustainable to stay. It also reflects on what was done (or not done) with the strong foundation we left behind by the subsequent team and regional management of Microsoft." He further said that it is time for Pakistan to reflect on what has changed. "We must ask: What changed? What was lost? What happened to the values, leadership, and vision that once made it all possible?" he wrote. "Allah grants honor and opportunity to whom He wills.. and takes it away from those who lose sight of it. But if your work leaves behind impact, integrity & inspiration.. then know that Allah's favor was with you," the post added. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
