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This Broking Stock Shall Turn Ex-Dividend Today: Check Details Here
In simpler words, the ex-dividend date is the calendar day before the record date for the shares set by the directors of a company. Here the record date is a fixed day when a company's board of directors chooses to issue a dividend. An investor who buys a stock on or after the ex-dividend date will not get the subsequent dividend and to receive the dividend payment, an individual must be listed as a shareholder on the record book of the company.
As a result, the stockholders of Angel One should be aware that the stock will go ex-dividend today. The company's Board of Directors declared the 4th interim dividend for the financial year 2021-22 on March 25, 2022, at a rate of Rs 7.00 per equity share with a face value of Rs. 10 per share, and the record date for the same has been set for 11th April 2022.
On April 01, 2022, the company had informed NSE that "This is to inform you that the Board of Directors of the Company by way of circular resolution dated April 1, 2022 approved declaration of 4th interim dividend for the financial year 2021-22 at the rate of Rs 7.00 per equity share of face value of Rs. 10 per share of the Company, as on the record date. Further, as already intimated, the record date for determining the eligibility of shareholders for payment of the said interim dividend, as declared by the Board shall be Monday, April 11, 2022."
The company has also clarified that "The dividend shall be paid on or before April 30, 2022 to those members, whose names appear on the Register of members or in records of depositories as beneficial owners of the shares as on Monday, April 11, 2022, which is the record date fixed for the purpose." As a result, if you buy Angel One shares on or after April 8th, you will not be eligible to receive the dividend which is to be paid on 30th April 2022.
Angel One Limited is a small-cap stock broking company with a market capitalization of Rs 14,071.71 crore. The company's shares have risen 39.56 percent in the previous year, while the stock has risen 40.56 percent year-to-date (YTD) on the NSE. The stock has gained by 39.56 percent in the last six months and by 34.85 percent in the previous month. The stock has climbed 9.08 percent in the previous five days and is now trading at a market price of Rs 1,713, up from Rs 1688 on Friday's opening session.
