Reliance Industries among 4 stocks to trade ex-dividend on Monday; last date to buy for eligibility
Reliance Industries among 3 other companies are expected to be in focus today as they have set August 19 as the record date for determining shareholders eligible for dividend payments.
This means today is the last day to buy shares of these companies to qualify for the announced dividends.
Reliance Industries’ board had declared a dividend of Rs 10 per share for all its eligible shareholders and declared August 19 as the record date for the same earlier this month.
“The Company has fixed: Monday, August 19, 2024, as the «Record Date» for the purpose of determining the members eligible to receive dividend for the financial year 2023-24. Dividends, if declared at the AGM, will be paid within a week from the conclusion of the AGM,” said the company in a filing to the exchanges.
In another filing, the company also informed that the said dividend would be paid to the eligible shareholders within a week from the conclusion of the annual general meeting.
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Dividends are paid to shareholders listed in the company’s records on the record date. To be eligible for dividends, shares must be purchased at least one day before the ex-date, as transactions settle the next day. However, those who buy shares on the ex-date will not qualify for dividends.
Here are other stocks, as per StockEdge that will start trading on an ex-dividend basis from Monday:
Action Construction Equipment declared a dividend of Rs 2 per share
Dr Agarwals
