Bajaj Auto, Tata Power among 13 companies to trade ex-dividend on Friday. Last chance to buy!
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The shares of Bajaj Auto, Tata Power, and HDFC Life Insurance will start trading on an ex-dividend basis from Friday, June 20, which makes today the last day to buy the shares of these companies to qualify for the dividends. The record date is the cut-off date set by the company to determine which shareholders are eligible to receive the dividend. If you are a shareholder on the record date, you will receive the dividend, regardless of when you purchased the shares. Meanwhile, the ex-date (or ex-dividend date) is the first day a stock trades without the dividend. On or after this date, new buyers of the stock will not be entitled to the upcoming dividend. The ex-date is typically set one business day before the record date. Under the T+1 settlement system, applicable in Indian equity markets, trades are settled one working day after the transaction date. Therefore, investors must buy shares by June 19, for the transaction to be settled an...