Mphasis, 6 other stocks to trade ex-dividend tomorrow. Last opportunity to buy for benefit
Mphasis, Pfizer, and other companies will trade ex-dividend starting Wednesday, with July 9 as the record date. To receive dividends, investors must purchase shares by today's trading session. The record date determines shareholder eligibility for dividend payouts. Following the T+1 settlement, the record and ex-date are typically the same.
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What does a record date mean?
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Why to buy one day before the record date?
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
The shares of a few 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.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.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).: 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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