As many as 16 stocks including HDFC Bank, Tata Motors Passenger Vehicles, HDFC Life and others are set to turn ex-record date for dividends on Friday (June 19), effectively marking today the last day for interested investors to buy the shares to be eligible for payments cumulatively worth nearly Rs 248.
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. Accordingly, 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.
