DLF among 16 stocks to trade ex-dividend on Wednesday; last date to buy today
DLF, Bata India, and Sundaram Finance among 16 companies will likely remain in focus today as they had declared July 31 as the record date to determine the eligible shareholders for the dividend payment.
This means that today is the last day to buy the shares of these companies to be able to qualify for the dividends announced.
Dividends are distributed to shareholders listed in the company's database on the record date. With the adoption of the T+1 framework, the record date and ex-date usually coincide, except when a market holiday falls after the ex-date.
Shareholders who purchase the stock at least one day before the ex-date qualify for dividends, as settlement occurs the following day. However, those who buy the stock on the ex-date are not eligible for dividends.
Also read: AIA Engineering to consider share buyback. Shares surge 7%
Here is a list of other stocks, as per StockEdge that will start trading on an ex-dividend basis from Wednesday:
Aarti Pharmalabs (dividend of Rs 1), ABM Knowledgeware (dividend of Rs 1.25), Bata India (dividend of Rs 12), Centum Electronics (dividend of Rs 3), CRISIL (dividend of Rs 8), DLF (dividend of Rs 5), EIH Ltd (dividend of Rs 1.2 per share), HEG Ltd (dividend of Rs 22.5), Igarashi Motors India (dividend of Re 1), Kamdhenu (dividend of Rs 2), Saksoft (dividend of Rs 0.4), Simplex Realty (dividend of Re 1), SRF (dividend of Rs 3.6), Steelcast (dividend of Rs 3.15), Sundaram Finance (dividend of Rs 16) and Sunshield Chemicals (dividend of Rs 1.2).
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