Reliance Chemotex among 9 stocks to trade ex-dividend tomorrow; last chance for eligibility
Reliance Chemotex and 8 other companies are expected to be in focus today as they have set September 4 as the record date for determining shareholders eligible for dividend payments.
This means today will be the last day to buy the shares of these companies to be able to qualify for the dividends announced by them.
Dividends are paid to the shareholders who are listed in the company’s records on the record date. For the eligibility of the dividends, shares of the company must be purchased at least one day before the ex-date, as transactions settle the next day.
Investors who purchase the shares on the ex-date do not qualify for dividends.
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Here is a list of other stocks, according to the StockEdge data, that will start trading on an ex-dividend basis from Wednesday:
GeeCee Ventures announced a dividend of Rs 2 per share.
Hikal Ltd announced a dividend of Rs 0.6 per share.
MAS Financial Services declared a final dividend of Rs 0.51 per share.
Parag Milk Foods declared a final dividend of Rs 0.5 per share.
Prince Pipes and Fittings will be paying out a final dividend of Re 1 per share.
RACL Geartech declared a dividend of Rs 1.5 per share.
Reliance Chemotex Industries declared a dividend of Re 1 for its eligible shareholders.
SP Capital Financing announced an interim dividend of Re 1 per share.
Uni Abex Alloy Products would pay a dividend of Rs 25 per share.
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