Basic query in accounting
This query is : Resolved
pavankumar
(Querist)
18 October 2013
Mr X. Purchase 5000 equity shares of Rahul Ltd. Having face value of Rs10 for 25 on 1/10/2011.The company announces dividend @10% on 15/3/2012 for the year 2011. On 1.2. 2012 he purchases 500 equity shares of Rahul Ltd for Rs 10.
In the above context
Q1)Whether Dividend @10% will also be paid on purchases made on 1.2.12 ?Why?
I will be very much thankful to you.
In the above context
Q1)Whether Dividend @10% will also be paid on purchases made on 1.2.12 ?Why?
I will be very much thankful to you.
Nikhil Kaushik
(Expert)
19 October 2013
that shall depend on the book closure date decided by the company in this regard. Normally shareholder books are closed 3-4 days prior to the meeting for declaration of dividend. Therefore, it is quite plausible that Mr X shall receive dividend on 5,500 shares.
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19 October 2013
Yes it will be paid on purcahes of share made on feb.
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