HUL) and RailTel Corporation among 10 companies are likely to be in focus today as these companies announced November 6 as the record date for their declared dividends.
This means today is the last day to buy the shares of these companies to be eligible for the dividends declared by them as the shareholders who appear in the company’s books as of the record date receive the dividends.
Those buying the stock on the ex-date are not eligible for dividends and 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 board of HUL had declared an interim dividend of Rs 19 per share along with a special dividend of Rs 10 per share for its shareholders, while fixing November 6 as the record date for the purpose.
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