Last chance to buy! Exide Industries among 12 stocks to trade ex-dividend on Monday

Happy Forgings and Exide Industries, among other companies, have declared dividends for their eligible shareholders, with the record date set as July 22.

This means that today is the last day to buy the shares of these companies' shares to qualify for the dividends announced.

Dividends are paid to shareholders whose names appear on the record date in the company's database. Following the implementation of the T+1 framework, the record date and ex-date coincide in most cases, except when there is a market holiday following the ex-date.


Shareholders who purchase the stock at least one day before the ex-date are eligible for dividends, as settlement occurs the next day. Those who buy the stock on the ex-date are not eligible for dividends.

Here is a list of stocks that will start trading on an ex-dividend basis from Monday:

1) Exide Industries' board has declared a dividend of Rs 2 per share.

2) Happy Forgings announced a dividend of Rs 4 per share for its eligible shareholders.

3) Bemco Hydraulics has fixed July 22 as the record date for determining the eligible shareholders for its Rs 2 per share dividend.

4) Carborundum Universal has declared a dividend of Rs 2.5 per share.

5) Chembond Chemicals has announced a dividend of Rs 3.5 per share for its eligible shareholders.

6) The board of directors of DHP India announced a dividend of Rs 4 per share.

7) Divgi Torqtransfer Systems announced a dividend of Rs 2.6 per share.

8) Indian Metals & Ferro Alloys will be paying out a final dividend of Rs 7.5 per share to all its eligible shareholders.

9) Swelect Energy Systems' board had declared a dividend of Rs 3 per share.

10) Taparia Tools will be paying a dividend of Rs 20 per share. The board has fixed July 22 as the record date to
determine the eligibility of the shareholders.

11) Voltamp Transformers had announced a dividend of Rs 90 per share.

12) Xpro India declared a dividend of Rs 2 per share.

(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)