Shares of LTIMindtree Ltd., Waaree Energies Ltd., and HDB Financial Services Ltd. are among the eight that will be of interest on Thursday, as it marks the last session for investors to buy shares to qualify for receiving the interim dividend before the stock goes ex/record-date. Indian Railway Finance Corp. is the sole PSU stock giving a dividend.
The record date determines shareholder eligibility to receive a dividend. Under India’s T+1 settlement cycle, shares purchased on the record date itself will not qualify for the dividend payment. Hence, as the record date of these dividend stocks is Oct. 24, then shares must be purchased by Oct. 23.
The ex-dividend date, which typically coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.
