As many as 30 companies have fixed July 10 (Friday) as the record date for their respective dividends cumulatively worth nearly Rs 187, effectively making today the last day for interested investors to buy the shares of the companies to be eligible for the dividend reward.
Under SEBI's T+1 settlement cycle, investors must purchase a company's shares at least one trading day before the record date to ensure the shares are credited to their demat accounts in time, and they become eligible for the corporate action. Therefore, today is the last opportunity for investors to buy the shares so that they are credited to their accounts by Friday, making them eligible for the dividends.
