Fourteen stocks have revised their record date for dividends following a change in the settlement holidays of the Indian stock market, according to an exchange circular.
These stocks had earlier fixed September 8 as the record date for dividend payout, but with today being a settlement holiday, the same has been changed to September 9. However, investors should note that the ex-dividend date remains September 8.
The record date signals the date on which the company checks its records to determine who is eligible to receive the dividend.
Meanwhile, the ex-date is the one before which you must purchase the stock to be eligible for the dividend. If you buy the stock on or after the ex-date, you won’t get the dividend.
Given the ex-date is September 8, investors should have purchased these stocks on or before Friday, September 5, as the trade would be settled by September 9.
