United Spirits, Axis Bank among 18 stocks to trade ex-dividend from Friday
United Spirits, Axis Bank, AU Small Finance Bank, and Indian Oil, among 18 stocks, are likely to remain in focus today as it is the last day to buy these stocks to qualify for the dividend.
These stocks will trade ex-dividend starting July 11, which is Friday.
Dividends are paid to shareholders whose names appear in the company's database on the record date. Following the implementation of the T+1 framework, the record date and ex-date are typically the same, except in cases where a market holiday occurs after the ex-date.
Shareholders who buy the stock at least one day before the ex-date are eligible for dividends as settlement happens the next day. Those buying the stock on the ex-date are not eligible for dividends.
Here is a list of stocks that will start trading ex-dividend from tomorrow:
1) Atul Ltd will be paying out a dividend of Rs 20 per share, with the record date set for July 12.
2) AU Small Finance Bank's board has declared a dividend of Rs 1 per share for eligible shareholders, with the record date also set for July 12.
3) Axis Bank has declared a final dividend of Rs 1 per share, with the record date set for July 12.
4) Birlasoft's record date for the payment of Rs 4 per share dividend has been fixed as July 12.
5) The board of Blue Dart had announced a dividend of Rs 25 per share, with the record date set for July 12.
6) D-Link (India) has announced a dividend of Rs 8 per share along with a special dividend of Rs 5 per share. The company has fixed July 12 as the record date for both
