Dividend Alert: CIE Automotive, Sanofi India, Schaeffler India, among six firms to trade ex-dividend next week; check record date

CIE Automotive India

BSE data show that CIE Automotive India had announced a final dividend of ₹7.

Elantas Beck India Ltd

The company had announced a final dividend of ₹7.5.

Schaeffler India

BSE data show that Schaeffler India had announced a final dividend of ₹28.

Colab Platforms

BSE data show that the company announced an interim dividend of ₹0.01.

Huhtamaki India

BSE data show that the company had announced a final dividend of ₹2.

Sanofi India Ltd

The company announced a final dividend of ₹117.

Ex-dividend date and record date

If you want to receive a dividend from any particular company, you need to pay attention to two important dates and act accordingly.

The two key dates are the ex-dividend and record dates.

The record date is the cut-off date that is set by the company for any corporate announcement, including dividends, announced earlier.

The record date is the fixed date set by the company to determine the shareholders who will be eligible for the announced corporate action (in this case, dividends). This means that the shareholders who are on the company's books by the set record date will receive the dividend.

The ex-dividend date for stocks is the deadline before which a person intending to be a part of the dividend contribution by the company must have shares in their name.

A person purchasing a stock before its ex-dividend date and holding the position before the market opens on the ex-dividend date is entitled to the dividend. A person buying a stock on its ex-dividend date or after will not receive the current dividend payment.