Amara Raja among 17 stocks trading ex-dividend on Thursday. Last day to buy before record date
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Companies such as Amara Raja, Can Fin Homes, and Praj Industries, among others, have declared dividends for eligible shareholders, setting the record date as July 18. Since July 17 is a market holiday, today is the last day to purchase shares of these companies to qualify for the announced dividends. Dividends are paid to shareholders listed in the company's database on the record date. With the T+1 settlement framework, the record date and ex-date typically coincide, except in cases where there is a market holiday following the ex-date. Shareholders who purchase the stock at least one day before the ex-date are eligible for dividends, as settlement occurs the next day. Those who buy the stock on the ex-date are not eligible for dividends. Here are the list of stocks that will start trading ex-dividend from Thursday:Advanced Enzyme Technologies will be paying a dividend of Rs 1.1 per share and the record date for the purpose is July 1...