This means that today is the last day to buy shares in these companies to be eligible to receive the dividends they announce.
Dividends are paid to shareholders who are listed on the company’s records on the record date. To receive the dividend, you must purchase the company’s shares at least one day before the record date, as the transaction settles the next day.
Investors who purchase shares on the ex-dividend date are not eligible to receive dividends.
Also read: Mukul Agrawal invests in Ashish Kachoria-backed Vikrant Engineering in pre-IPO round
Here’s a list of other stocks that will begin trading on an ex-dividend basis starting Wednesday, according to data from StockEdge.
GeeCee Ventures has declared a dividend of Rs 2 per share. Hikal Ltd has declared a dividend of Rs 0.6 per share. MAS Financial Services has declared a final dividend of Rs 0.51 per share.
Parag Milk Foods has declared a final dividend of Rs 0.5 per share.
Prince Pipes & Fittings plans to pay a final dividend of Rs 1 per share.
RACL Geartech has declared a dividend of Rs 1.5 per share.
Reliance Chemotex Industries has declared a dividend of Rs 1 crore to eligible shareholders.
SP Capital Financing has declared an interim dividend of Rs 1 per share.
Uni Avex Alloy Products plans to pay a dividend of Rs 25 per share.
(Disclaimer: The recommendations, suggestions, views and opinions expressed by the experts are their own. They do not represent the views of The Economic Times)
