Corporate Actions - Dividends
Find all the information you need about listed companies' corporate actions.
| Company Name | ISIN | Dividend Amount | Record Date | Dividend Type |
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What is a Dividend?
This distribution of the company’s earnings to the shareholders is known as dividend. The surplus left with the company's post-tax payments belongs to the shareholders and the company chooses whether to re-invest it for the business growth or to return it to the shareholders.
Shareholders can receive both cash dividends and stock dividends. A company may declare interim dividends during the financial year and a final dividend at the end of the year. In certain situations, a special dividend is also declared by the company. Dividends are approved by the Board in the Annual General Meetings.
Key Dates related to Dividend :
Declaration Date
The date on which the Board of Directors announce the dividend. It is also known as the Announcement Date.
Record Date
It is the date on which a company that is going to pay a dividend decides the eligible shareholders to receive the dividend.
Ex-Dividend Date
This is the date by which you need to purchase the shares to be eligible to receive the dividend. Generally, it is two days prior to the record date as settlement takes two days in most of the markets, means shares purchased today will be credited to your demat account in T+2 days (Trading day + 2 days). As of December 2023, we have a T+1 settlement in India, so the Ex-date is one day before the record date.
Payment Date
As the name suggests, it is the date on which the final payment of dividends is made to the shareholders.
Did you know?
The first-ever dividend in the history of the stock market was paid by the United East India Company in 1612.