The record date is the critical cutoff for determining shareholder eligibility for corporate benefits such as dividends, stock splits, and bonus shares. Investors must ensure their shares are reflected in their demat accounts on or before this date to qualify.
Due to the T+1 settlement cycle, shareholders must purchase stock at least one day before the ex-date to be eligible for dividends, bonus shares, or stock splits. Purchasing shares on the ex-date will disqualify investors from receiving these benefits.
With the current settlement framework, the record date and ex-date usually coincide, simplifying tracking for investors. However, this may differ if the ex-date is followed by a market holiday.
Here is a list of stocks with their respective record dates for various corporate actions next week:
Also read: Paytm shares show reversal signs after 12% drop in 2 weeks. What do analysts say?
Monday, January 20
Stock Split
Blue Cloud Softech Solutions will undergo a stock split from Rs 2 per share to Re 1 per share.
Nava Ltd will undergo a stock split from Rs 2 per share to Re 1 per share.
Tuesday, January 21
Dividend
Angel One has announced an interim dividend of 110%, which translates to Rs 11 per share.
Wednesday, January 22
Dividend
Havells India has announced an interim dividend of Rs 4 per share.
Friday, January 24
Bonus Issue
BN Rathi Securities has announced a bonus issue in the ratio of 1:1.
Stock Split
BN Rathi Securities will also undergo a stock split from Rs 10 per share to Rs 5 per share.
Dividend
DCM Shriram will announce its dividend today, had fixed January 24 as the record date for determining shareholder eligibility.
Vidhi Specialty Food Ingredients will announce its dividend on Monday and has fixed January 24 as the record date for determining shareholder eligibility.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
