This means today is the last day to buy the shares of these companies in order to be eligible for the dividends announced.
Dividends are paid to the shareholders who are listed in the company’s records on the record date. Those buying the stock on the ex-date are not eligible for dividends.
After the implementation of the T+1 framework, the record date and ex-date are the same in most cases unless there is a market holiday 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.
Mazagon Dock Shipbuilders
Earlier in the last week, the board of Mazagon Dock Shipbuilders announced an interim dividend of Rs 23.19 per share and had fixed October 30 as the record date for the purpose.
“We wish to inform that, the Board of Directors of the Company at their meeting held today i.e. 22 October 2024 has inter-alia; Declared an interim dividend of Rs. 23.19 per equity share of Rs. 10 each fully paid-up for the financial year 2024-25. As informed on 17 October 2024, the Company has fixed Wednesday, 30 October 2024 as “Record Date” for the purpose of payment of Interim Dividend on equity shares for the Financial Year 2024-25,” the company said.
Additionally, Mazagon Dock informed that the payment of the interim dividend will be made to the shareholders on or before November 20.
In the past 12 months, Mazagon Dock Shipbuilders has declared equity dividends amounting to Rs 27.45 per share and at the share price of Rs 4,041, the company’s dividend yield is 0.68%, according to the Trendlyne data.
Besides Mazagon Dock Shipbuilders, following companies also have their record date for dividends tomorrow:
CRISIL announced an interim dividend of Rs 15 per share.
Gabriel India had announced an interim dividend of Rs 1.75 per share.
Supreme Industries declared an interim dividend of Rs 10 per share.
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