Top Dividend Stocks: Investors, mark your calendars! Several companies, including MOIL Ltd, Hindustan Zinc, Oil India, Jindal Stainless, among others, will be trading ex-dividend starting Monday, August 19, 2024. These companies have announced various corporate actions like share buybacks, bonus issues, and stock splits, as per BSE data.
What does ‘ex-dividend date’ mean? This is the day when the share price adjusts to account for the upcoming dividend payout. The stock becomes ex-dividend on this day, indicating that it no longer includes the value of the next dividend payment. Shareholders eligible to receive dividends are those whose names are on the company’s list by the end of the record date.
