If client hold stocks of a company that issued dividends. How and when client will get the dividends?

If client hold stocks of a company that issued dividends. How and when client will get the dividends?

  1. Firstly client need to check if he/she is eligible for the dividends. 
  2. To be eligible for the dividends client need to have purchased the stocks before the ex-date (client will be eligible for dividends if client have sold the stocks on ex-date as well) 
  3. Client can find the details of ex-date and record date on NSE/BSE website.
  4. If client purchased the stocks on or after the ex-date, client will not be eligible for the dividend.
  5. If shares are lying in demat account client will receive dividend directly from the companys registrar into client's bank account (primary bank linked with IIFL DEMAT).
  6. If shares are lying in a trading/ pool account client will receive a dividend from the broker where client hold a trading and a demat account.

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