As many as 12 companies are set to turn ex-record dates for their respective dividends cumulatively worth more than Rs 250 on Friday, effectively making today the last date to buy shares in order to be eligible for the payout in this holiday-shortened week.
Only those shareholders who own the shares of these companies in their demat accounts on Friday will be eligible to receive the dividend. As per SEBI's T+1 settlement norm, investors must buy the company's shares at least one trading day before the record date so that they are credited to their demat accounts by that date, making them eligible for the reward.
However, markets will remain closed on May 28 (Thursday) on account of Bakri Id. This effectively makes May 27 (Wednesday) the last date to buy the shares so that they are credited to the shareholders’ accounts by the record date (Friday).
.png?w=600)
