To get the dividend, the shares have to be bought before the ex-dividend date.
Investors should keep the shares in their portfolio till the record date.
Many companies have ex-dividend and record date between 7th and 9th June.
Stock Market: Every investor who invests money in the stock market eagerly waits for the dividend. Every company gives dividend to its shareholders, which is declared from time to time. Recently, during the earning season, many companies had declared dividend to the shareholders. Shares of 27 companies are going to be ex-dividend this week. These include stocks of leading companies including Asian Paints and Tata Power.
Actually the ex-dividend date is the date after which investors do not get dividends on buying shares. Because on this day the shares of the company start trading with no dividend benefit, so if you want to get dividend from these 27 companies, then you can buy these stocks before the X date. Usually, investors have to buy shares on the record date or 1-2 days prior to that in order to be eligible for the dividend.
Dividend of these companies on 7th June
Marksans Pharma: This company has declared a dividend of Rs 0.50 per share. For this, the company has fixed June 7, 2023 as the record date and this share will trade on June 7 as the ex-dividend date.
read this also- Indian stock market rained heavily! Foreigners also said – gave returns up to 10-10 times, this market was left behind
At the same time, Optiemus Infracom has announced a dividend of Rs 1.50 to its shareholders. Its record date will also be on June 7 and from this date it will trade ex-dividend. Tata Power Limited has announced a dividend of Rs 2 per share to its shareholders and has fixed June 7 as the ex-dividend date.
Ex-dividend date of these companies on 8th June
Bikaji Foods International Limited has declared a dividend of Rs 0.75 per share for its shareholders. The stock will trade on the ex-dividend date of June 8.
Ponni Sugars Limited has declared a dividend of Rs 6.5 per share and the stock will trade on ex-dividend on June 8.
These giant companies will also give dividend
Asian Paints has announced a final dividend of Rs 21.25 and has fixed June 9 as the record date. On this date, the shares of the company will trade on the ex-dividend date.
HDFC Asset Management has announced a dividend of Rs 48. The company has kept a record date of June 9, 2023 and from this date the stock will trade on ex-dividend.
Indian Hotel Company Limited declared a dividend of Rs. The shares of the company will trade on ex-dividend on June 9, 2023.
Apart from this, 27 companies including Himadri Specialty Chemical, National Phytilizers, Voltas Limited and Solar Industries Limited are going to pay dividend.
When to buy shares then you will get dividend
Generally, to get dividend from any company, it should be bought before the X date and that share should be in your portfolio till the record date. Suppose record date for dividend of a company is 8 and ex-date is 7. To be eligible for the Corporate Action Benefit, the shares must be purchased on or before the 6th to be eligible for the dividend.
Tags: Asian, stock market today, Stock Markets
FIRST PUBLISHED : June 05, 2023, 18:43 IST