SAIL among 54 stocks to trade ex-dividend tomorrow. Last chance to buy
SAIL, MCX, Texmaco Rail Engineering and Hindustan Copper among 50 other companies are expected to be in focus today as they have set September 19 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 in order to be able to qualify for the dividends announced by them.
SAIL has declared a dividend of Rs 1 per share, while MCX has declared a dividend of Rs 7.64 per share and Hindustan Copper has announced a dividend of Rs 0.92 per share. The board of Texmaco Rail & Engineering had declared a dividend of Rs 0.5 per share.
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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