Last day to buy MRF shares for dividend eligibility as stock trades ex-dividend tomorrow
MRF had announced an interim dividend of Rs 3 per share for its shareholders earlier this month while also announcing the results for the second quarter ended September 30, 2024.
The company had fixed November 19 as the record date for determining the eligibility of the shareholders for the said dividend.
“In the said Meeting, the Board of Directors has declared an Interim Dividend of Rs.3/ -per equity share [30%] for the financial year ending 31st March, 2025-:-The Company has fixed Tuesday, 19th November, 2024 [19.11.2024], as the record date for the purpose of payment of Interim Dividend,” said the company in an exchange filing.
This means today is the last day to buy the shares of the company to be eligible for the said dividend. After 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 happens the next day. Those buying the stock on the ex-date are not eligible for dividends/splits/bonus issues etc.
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