When and how will I receive an announced dividend?
If you have purchased shares of the concerned company before the ex-date (for it to be settled in your demat account by the record date), you will be eligible to receive the announced dividend. Shares purchased on or after the ex-date will not not receive the benefits of the announced corporate action.
Dividends will be directly credited to the bank account registered with your demat account if the IFSC and MICR details are updated. If your IFSC and MICR have not been updated in our records, you will receive the dividends via cheque or a dividend warrant to your registered postal address.
Ex Date: The date from which a stock starts trading ex-benefit/without the benefits of the corporate action. Investors who buy the share on or after the ex-date are not eligible to receive the benefits.
Record Date: The date on which company records are taken to determine shareholders eligible to receive the benefits of the announced corporate action. Shareholders who hold shares in their demat account on the record date are eligible to receive the benefits.
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