Mazagon Dock Shipbuilders and CRISIL among 4 companies are likely to remain in focus today as they had announced October 30 as the record date for the purpose of determining eligibility for their announced dividends.
This means today is the last day to buy the shares of these companies in order to be eligible for the dividends announced.
Dividends are paid to the shareholders who are listed in the company’s records on the record date. Those buying the stock on the ex-date are not eligible for dividends.
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.
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