Shreyaa Kapoor Instagram – You might hear insane dividends being announced and wonder if you buy the share today will you still be eligible for the same? 😅
Let’s break it down –
When a company declares a dividend, it sets a record date when you must be on the company’s books as a shareholder to receive the dividend. 🙌🏼
The ex-dividend date for stocks is usually set one business day before the record date. If you purchase a stock on its ex-dividend date or after, you will not receive the dividend payment. 🫡
In India we follow the T 2 day settlement system which means it takes 2 trading days to show the transaction. Hence, buy the share a day before the ex-dividend date to get the dividend. 😌
Please note- I have had Coal India in my portfolio for over 1.5 years and it is not a stock recommendation by any means.🍀
.
.
#coalindia #stockmarketindia #dividends #personalfinance #personalfinancetips | Posted on 15/Oct/2023 21:00:07
