6 Stocks To Turn Ex-Dividend This Week; Last Day To Buy In These Shares For Dividend

After the dividend declaration is made by listed entities considering their profitability they also announce the record date and there is a whole process associated with and various dates that need to be noted. Likewise, as there are some 6 stocks lined up to go ex-dividend this week including June 2 and June 3.

Here we will inform you about:

Dividend related important information

Dividend declaration date: Date of approval of dividend rate per share by Board of Directors of Company

Record date: Proposed by board of directors to determine name of eligible shareholders. As per stipulation minimum gap of 5 days is necessary between dividend declaration date and record date.

Cum dividend date:Last date to buy shares in order to be eligible to receive dividends

Ex-dividend date: On this date, the stock price adjusts for the dividend announcement made. Stock exchanges determine and notify this date.

Dividend payment date: It usually is made within 30 days of dividend approval.

So likewise, here are the stocks going ex-dividend on June 2 and June 3, 2022 i.e. today is the last day to bag in these shares to be eligible for dividend pay out.

Stock turning ex-dividend this week

Stock	Dividend %	Amount	Type	Ex-date
Castrol	60%	Rs. 3	Final dividend	Jun-02
Page Industries	700%	Rs. 70	Interim dividend	Jun-02
SM Auto Stamping	12.50%	Rs. 1.25	Interim dividend	Jun-02
Tata Coffee	200%	Rs. 2	Final dividend	Jun-02
Tata Investment Corporation	559%	Rs. 55	Final dividend	Jun-02
Torrent Pharma	160%	Rs. 8	Final dividend	Jun-03
Torrent Pharma	300%	Rs. 15	Special dividend	Jun-03

Recourse in case dividend not credited on time

In case the dividend as stipulated and in case you are eligible is not credited, the query on the same is to be raised with the RTA and the company itself. And if there is not satisfactory response from the same, you can file the complaint with the SEBI Score.

Disclaimer

Note we have just collated the summary of stocks turning ex-dividend this week and hence individual decision on buying these scrips be made on fundamentals and financials.