Last chance to buy! Exide Industries among 12 stocks to trade ex-dividend on Monday
Happy Forgings and Exide Industries, among other companies, have declared dividends for their eligible shareholders, with the record date set as July 22.
This means that today is the last day to buy the shares of these companies' shares to qualify for the dividends announced.
Dividends are paid to shareholders whose names appear on the record date in the company's database. Following the implementation of the T+1 framework, the record date and ex-date coincide in most cases, except when there is a market holiday following the ex-date.
Shareholders who purchase the stock at least one day before the ex-date are eligible for dividends, as settlement occurs the next day. Those who buy the stock on the ex-date are not eligible for dividends.
Here is a list of stocks that will start trading on an ex-dividend basis from Monday:
1) Exide Industries' board has declared a dividend of Rs 2 per share.
2) Happy Forgings announced a dividend of Rs 4 per share for its eligible shareholders.
3) Bemco Hydraulics has fixed July 22 as the record date for determining the eligible shareholders for its Rs 2 per share dividend.
4) Carborundum Universal has declared a dividend of Rs 2.5 per share.
5) Chembond Chemicals has announced a dividend of Rs 3.5 per share for its eligible shareholders.
6) The board of directors of DHP India announced a dividend of Rs 4 per share.
7) Divgi Torqtransfer Systems announced a dividend of Rs 2.6 per share.
8) Indian Metals & Ferro Alloys will be paying out a final dividend of Rs 7.5 per share
