As many as 25 companies including Vedanta Aluminium Metal, Hyundai Motor India, Brigade Enterprises, Berger Paints and others are set to turn ex-record date for dividends on Wednesday (August 5), effectively making today the last day for interested investors to buy the shares to be eligible for payments cumulatively worth nearly Rs 430.
As per Sebi's T+1 settlement cycle, investors must buy 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.
