CDSL, and Nestle among 16 stocks trading ex-dividend from Tuesday. Last chance to buy!
Companies like CDSL, IDBI Bank, IDFC, and Nestle India, among others, have declared dividends for eligible shareholders, with the record date set as July 16. Today is the last day to buy shares of these companies to qualify for the announced dividends.
Dividends are paid to shareholders whose names appear in the company's database on the record date. Post 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.
Shareholders who buy the stock at least one day before the ex-date are eligible for dividends, as settlement occurs the next day. Those purchasing the stock on the ex-date are not eligible for dividends.
Here is the list of stocks that will start trading ex-dividend from tomorrow:
The Central Depository Services (CDSL) board announced a final dividend of Rs 19 per share and a special dividend of Rs 3 per share for eligible shareholders. The record date for this is July 16.
Dr. Reddy's Laboratories will be paying out a dividend of Rs 40 per share and the record date for the purpose is July 16.
The record date for IDBI Bank's Rs 1.5 per share dividend has been set for July 16.
IDFC board announced a dividend of Re 1 per share and the record date for the purpose is July 16.
Lupin's board fixed July 16 as the record date for dividend payment of Rs 8 per share.
Elegant Marbles & Grani Industries announced a final dividend of Rs 2.75 per share, the record date for the purpose is July 16.
Mahindra & Mahindra
