As many as five companies including TCS, Tata Consumer Products and more have set May 25 (Monday) as the record date for dividend payments and bonus issue, effectively making today the last date to buy the shares in order to be eligible for payouts and corporate action.
Only those shareholders who own the shares of the companies as on the record date will be eligible to receive the dividends and bonus shares. As per SEBI’s T+1 settlement rule, investors who buy the shares today, will get the shares credited to their demat accounts by Monday, which is the next trading day, making them eligible for the payment.
