PCBL, CESC shares to trade ex-dividend tomorrow. Do you own?
CESC and PCBL’s record date set for the interim dividends set as January 16, today makes it the last day for the investors to buy the shares of these companies in order to ensure their shareholding in the company's books for the eligibility to receive the said dividends.
With the T+1 settlement system, the record date and ex-date usually fall on the same day. However, if a market holiday occurs immediately after the ex-date, they may differ.
Investors who purchase the stock at least one trading day prior to the ex-date will be entitled to the stock split as the settlement for their purchase will occur on the next trading day. On the other hand, those who buy the stock on the ex-date itself will not be eligible for the split.
Here are the details of the companies’ interim dividends:
- PCBL
The board of PCBL had announced an interim dividend of Rs 5.50 per share, fixing January 16 as the record date for determining the shareholder eligibility.
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