M&M, Escorts Kubota among 12 stocks to trade ex-dividend today
Navin Flourine and Escorts Kubota among other stocks are likely to remain in focus on Thursday as their record date for the purpose of the dividend payment is July 5.
This means that today is the last chance to buy these stocks in order to be eligible for the dividend payment.
Dividends are paid to shareholders whose names appear in the company's database on the record date. 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.
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.
Here is a list of companies whose shares will be trading on an ex-dividend basis tomorrow:
M&M
Mahindra & Mahindra (M&M) had announced a dividend of Rs 21.10 per share and the ex-date for this is July 5.
3M India
The company announced a final dividend of Rs 160 per share along with a special dividend of Rs 525 per share. The record date fixed for this purpose is July 5.
Apollo Tyres
Apollo Tyres declared a dividend of Rs 6 per share for which the record date is July 5.
Astrazeneca Pharma India
The company will pay out a dividend of Rs 24 to its eligible shareholders and the record date for this is July 5.
Balkrishna Industries
The company has fixed July 5 as the record date for the purpose of their Rs 4 per share dividend.
Bharat Forge
Bharat Forge board declared a dividend of Rs
