Ex Dividend Sale

This query is : Resolved

RAJEEV KUMAR MEHTA (Querist)
Follow

11 March 2021 Sold BPCL shares at ex-dividend price on 18.2.2021, ex-dividend date being 19.2.2021. Record Date fixed by company 19.2.2021.

Under the premises am I entitled for dividend? I believe, yes but fact is that I have not received dividend.

Request for clarification.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

11 March 2021 You are entitled for dividend.

RAJEEV KUMAR MEHTA

RAJEEV KUMAR MEHTA (Querist)
Follow

11 March 2021 Thank You but irony is that have not received the dividend.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

11 March 2021 Contact the broker they will clarify it. On 18th itself the shares would have been transferred so you are not receiving dividend.
Dividend might have been received by the broker contact him.

RAJEEV KUMAR MEHTA

RAJEEV KUMAR MEHTA (Querist)
Follow

11 March 2021 Appreciate your response. Shall do the needful!

RAJEEV KUMAR MEHTA

RAJEEV KUMAR MEHTA (Querist)
Follow

12 March 2021 The Registrar and Share Transfer Agent has responded as under.

The question that arises is what is the meaning of ex dividend date? Request clarification.

Dear Share holder,

With reference to the trailing mail we wish to inform you that the record date for payment of interim dividend for the year 2020-21 interim is 19.02.2021 EOD. If the shares were sold before this day or purchased after this day, the shares do not qualify for dividend.

RAJEEV KUMAR MEHTA

RAJEEV KUMAR MEHTA (Querist)
Follow

24 March 2021 Thanks. Finally got the dividend through Broker as advised by you.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

24 March 2021 Welcome. I feel happy to know that you got the dividend as suggested by me.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now