BPCL has announced an interim dividend of 75%, amounting to Rs 7.5 per share. As one of India’s leading oil marketing companies, BPCL engages in refining, marketing, and distribution of petroleum products across the country.
Shareholders who hold the stock before the ex-date will be entitled to the declared dividend.
NTPC Ltd, India’s largest power generation company, has declared an interim dividend of 27.5%, which translates to Rs 2.75 per share. Similar to BPCL, investors must ensure they own the company’s shares before the ex-dividend date of 7 November to receive the dividend.
The ex-dividend date is the day on which the stock begins trading without the value of the upcoming dividend. Purchases made on or after this date do not qualify the buyer for the declared dividend.
Therefore, the record date, which typically falls on the same date as the ex-date, is when the companies will verify the list of eligible shareholders who will receive the payout.Both companies routinely issue interim dividends as part of their shareholder return practices.Investors who purchase these shares today will be recorded as shareholders of the company on the record date, allowing them to receive the declared interim dividend in due course as per the company’s timelines and procedures.
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