If you never see the dividend for a fund, why does the ex-dividend date matter?

Will I get dividend if I buy on record date?

Once the company sets the record date, the ex-dividend date is set based on stock exchange rules. The ex-dividend date for stocks is usually set one business day before the record date. If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment.

What does record date mean for dividends?

If the stock is purchased on or after the ex-dividend date, the seller of the stock keeps the dividend. Record Date (or Date of Record) This is the date that you must be on the company’s books as a shareholder of record to receive the dividend.

What is the record date for dividend 2020?

It set the record date on 13th March 2020 and thereby, the ex-dividend date was set on 11th March 2020. These dates are represented in a tabular form below. Ex-dividend date forms the crux of the entire process due to its superlative significance to investors.

Can I sell shares on record date?

Yes, you will be eligible for the rights issue even if you sell the shares on the record date. If you sell the shares on the record date, you would still own the shares of the company in your Demat account as on record date as these will be debited from your account post the record date.