More than 30 companies have set June 12 as the record date for their respective dividends cumulatively worth nearly Rs 300 per share. As many as five Adani Group companies and four Tata Group companies are part of the long list.
Only those shareholders who own the shares of the companies in their demat accounts as of Friday will be eligible to receive the bonus shares. Due to SEBI's T+1 settlement norm, investors must buy a company's shares at least one trading day before the record date to ensure they are credited to their demat accounts by that date and thus be eligible for the corporate action. This effectively makes today the last date for investors to buy the shares to be eligible for the dividends.
