dividend stocks
There is good news for stock market investors. About 25 stocks are trading on X date in the week of Diwali. Let us tell you that shares of Infosys, Mazagon Dock Shipbuilders, National Thermal Power Corporation (NTPC), Tech Mahindra, CRISIL and 25 other companies will be in focus as they will trade ex-dividend next week after declaring dividend for shareholders. These companies have declared dividends for their investors. In the next 5 days, there will be ex-dividend dates for share dividend, bonus issue, and stock split of more than 25 companies. Shares of Mukesh Ambani-led Reliance Industries have fixed ex-dividend date for October 28. It is important to keep in mind that there will be only four days of trading in the stock market next week, because the markets will be closed on Friday, October 31 for Diwali.
Infosys announced dividend of Rs 21 per share
IT giant Infosys will trade ex-dividend on Tuesday, October 29, after declaring an interim dividend of Rs 21 per share for its shareholders. Shares of Mazagon Dock Shipbuilders and Crisil will also go ex-dividend on Wednesday, October 30, as they have declared interim dividends of Rs 23.19 and Rs 15 per share, respectively. Meanwhile, NTPC and Tech Mahindra will trade ex-dividend on Thursday, October 31, having declared dividends of Rs 2.50 and Rs 15 per share, respectively.
What is ex-date and record date?
Ex-Date: Ex-Date is the date by which the buyer of shares of the company is entitled to receive the dividend or bonus. This means that if you buy shares after this date, you will not be eligible for the benefits. The ex-date is determined by the company.
Record Date: Record date is the time when the company prepares its list of shareholders entitled to receive dividends or bonuses. This list includes investors who have purchased shares till the ex-date.
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