To receive dividend from a company, you can even sell off 1 day (one market open day) prior to the dividend record date and still get the dividend. The dividend will be sent by ECS to your bank account or by cheque to your address registered with your broker. When you will exactly receive, depends on the company...normally, it should be received within 6-8 weeks of dividend record date or earlier.
For example, if a company's dividend record date is on Monday, Nov 15, you can sell on Friday, Nov 11 and still get the dividend.
On Wed, Nov 10, 2010 at 8:58 PM, Unni P.R wrote:
| If a company is declaring dividend, what are the eligibilities to get the dividend? Do we have a duration (like 1 month) that people should hold the shares? I have received dividend for few companies. As per your suggestion I have bought Sonata Software and now they declares 1 rupee dividend cut off date 18th Nov. I have 1250 dividend and if I sell it on 19th Nov, will I get dividend as 1250 rupees? |
No comments:
Post a Comment