TV Today Network among 10 companies is expected to be in focus today as they have set September 11 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 qualify for the dividends they announced.
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.
Also read: After a 250% rally in 1 year, should you still chase the momentum in Godfrey Phillips shares?
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Acknit Industries announced a dividend of Rs 1.5 per share.
AG