Distribute Date Record For Free

Yes ? Any sale that occurs on the ex-dividend date or later will exclude the pending dividend. You will still be the owner of record in the company books when they distribute the payment. So, if you sell a stock on the ex-dividend date, you will still get the dividend about two weeks later.

Please note that the record date for the purpose of determining the entitlement of the shareholders for the interim dividend, if any, has been fixed as Wednesday, 2nd November, 2022.

If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.

Yes, you will be eligible for the rights issue even if you sell the shares on the record date. If you sell the shares on the record date, you would still own the shares of the company in your Demat account as on record date as these will be debited from your account post the record date.

However, investors who purchase shares on the record date will not be entitled to receive dividends, as it takes T+2 days, i.e. 2 business days for stocks to be delivered and reflected in company shareholders' records. Although sequentially ex-dividend day comes before the record date, it is set based on the latter.

The payment date is usually about one month after the record date.

The key difference between them is that the company's management announces the record date along with the number of dividends. In contrast, the dividend ex-date depends on the record date and is usually two days before the record date. To understand these two terms, we must understand what dividends are all about.