stocks
Big action will be seen in many stocks in the stock market in the week starting from January 20. Actually, the result season of the third quarter has started. Along with this, there will be movement in the stocks of many companies due to corporate action. These companies have announced dividends, stock split and bonus shares. According to BSE, shares of 11 companies including Angel One, Havells India, Vaari Renewable Technologies, Blue Cloud Softech Solutions, BN Rathi Securities will be on ex-date in the week starting January 20.
buy shares a day before
Due to the T+1 settlement cycle, shareholders must purchase stocks at least one day before the ex-date to be eligible for dividends, bonus shares or stock split. Buying shares on the ex-date will disqualify investors from receiving these benefits. With the current T+1 settlement, the record date and ex-date generally coincide, making tracking easier for investors. However, this may vary if there is a market holiday after the X-date.
These companies will trade on X date
Angel One, Bhansali Engineering Polymers, Havells India, DCM Shriram, Mastek, Vidhi Specialty Food Ingredients and Vaari Renewable Technologies will trade on the ex-date for dividend distribution. Blue Cloud Softech Solutions, Nava and Insolation Energy to trade on ex-date for stock split. BN Rathi Securities will be on the ex-date for both stock split and issue of bonus shares.
Know what is record date and ex-date
Record Date: Any company also announces record date for giving dividend to its shareholders. Record date is the date on which the company records in its records the names of the shareholders to whom the dividend is to be paid. Dividends are paid only to those who hold shares in the records of the company on the record date. If you want dividend, then you will have to buy shares of that company at least a day before the record date and keep it in your portfolio till the record date. If you buy shares on the record date, you will not get dividend.
Ex-Date: The record date and ex-date for the dividend are on the same day. If a company has fixed the record date for dividend as September 10, 2024, then the ex-date will also be September 10, 2024. Ex-date is the date on which the company trades without any previously declared dividend. This is the date on which the dividend previously declared for the shares purchased will not be paid.
Latest Business News
