If client hold stocks of a company that issued dividends. How and when client will get the dividends?
- Firstly client need to check if he/she is eligible for the dividends.
- 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)
- Client can find the details of ex-date and record date on NSE/BSE website.
- If client purchased the stocks on or after the ex-date, client will not be eligible for the dividend.
- 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).
- 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.