Wipro, Coforge among 30 stocks with record dates for dividends, bonuses, splits next week. Do you own any?
shares of companies like Wipro, Coforge and Persistent Systems among others are expected to gain attention in the upcoming week as their record dates approach for corporate actions such as dividends, bonus share issuances, and stock splits.
The record date is a crucial benchmark set by companies to identify the shareholders entitled to receive benefits such as dividends, stock splits, or bonus shares. Investors must ensure that their shares are reflected in their demat account on or before this date to qualify for the respective corporate actions.
For this, shareholders are eligible if they purchase the stock at least one day before the ex-date, as the settlement occurs on a T+1 basis. On the other hand, investors who buy shares on the ex-date will not qualify for dividends, bonus shares, or splits.
Notably, with the implementation of the T+1 settlement framework, the record date and ex-date often coincide, making it simpler for investors to track their eligibility. However, this remains different if the ex-date is followed by a market holiday.
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