What is the eligibility of the corporate action?
Jainam Broking Limited
Last Update 2 jaar geleden
Let's examine the significance of certain crucial dates for business decisions:
Declaration Date:The board of directors declares the company's intention to pay a dividend to shareholders and the entire market
Ex-Date: This is the date on which security trades without the benefit of Corporate Action. An investor buying a security on or after the ex-date is not eligible for Corporate Action by the Company.
Record Date: On this date, the business examines its records to identify the shareholders who are eligible for the corporate action. An investor holding shares on the record date will be eligible for the Corporate Action
Date of payment: This is the day that the business mails the Corporate Action to the shareholder of record. In order to give the business enough time to make sure that it appropriately pays all those who are eligible, this date is often one week or more following the record date.