Mint ·
Dividend stocks alert, record date: Last chance to buy Cochin Shipyard, Anupam Rasayan, Balu Forge, and others
Cochin Shipyard and others are likely to attract investors' attention on September 17 due to approaching dividend record dates.
Dividend stocks alert, record date: Shares of Cochin Shipyard, Anupam Rasayan India, Balu Forge Industries, Gujarat Alkalies and Chemicals, Hinduja Global Solutions, Garden Reach Shipbuilders, Gujarat Intrux, etc are likely to attract heightened investors’ interest on Thursday, September 17, due to their upcoming dividend record dates.
More than 80 companies have fixed Friday, September 18, and Saturday, Sept 19, as their dividend record date. Investors must own a stock before record date to become eligible for the corporate action, under the T+1 settlement cycle.
Under T-1 settlement cycle, stocks and trades are finalised one working day after the trade is carried out. Hence Thursday, September 17, effectively becomes the last day to buy a company’s stock which has fixed Friday, September 18, as the record date for a corporate action. Additionally, investors must purchase shares of companies which have fixed Saturday, September 19, as the record date to qualify for the corporate action.
