3 stocks to trade ex-dividend tomorrow. Do you own any?

CMS Info Systems announced a dividend of Rs 3.25, while Disa India had announced a dividend of Rs 100. The board of Symphony had announced a dividend of Rs 2.

This means today will be the last day to buy the shares of these companies in order to be able to qualify for the dividends announced by them.

Dividends are paid to the shareholders who are listed in the company’s records on the record date. For the eligibility of the dividends, shares of the company must be purchased at least one day before the ex-date, as transactions settle the next day.

After implementation of the T+1 framework, the record date and ex-date are the same in most cases unless there is a market holiday after the ex-date.

Shareholders who buy the stock at least one day before the ex-date are eligible for dividends as settlement happens the next day. Those buying the stock on the ex-date are not eligible for dividends.As a fundamental component of stock market returns, dividends typically come in the form of quarterly cash payments, though they can also be distributed as additional shares. This profit-sharing mechanism is particularly common among mature, financially stable companies with consistent earnings, making dividends a key consideration for income-focused investors.

Also read: ITC among 39 stocks nearing ex-dates for dividends, bonus, splits next week. Do you own any?

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