Vedanta EX-DIVIDEND DATE: What should investors, shareholders do? Check market guru Anil Singhvi’s strategy – How to avail dividend

Ahead of the ex-dividend date of Vedanta shares tomorrow, Zee Business Managing Editor and market guru Anil Singhvi urged investors to buy the metal company shares today to enjoy the dividend as the record date that the company has set is of September 9, 2021. 

Singhvi said those who have already bought or subscribed to Vedanta shares should hold at least till September 9 to enjoy the dividend that the company would be disbursing. The stock of metal major will trade tomorrow discounting Rs 18.5 per share amid ex-dividend, adds the market guru.

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In order to avail the dividend, the investor/trader should have Vedanta shares in the Demat account till the record date of the same. In this regard, the managing editor says, if bought today mostly likely by Thursday (September 9) the shares will be in your Demat account.

The dividend is generally offered to investors who buy stock in cash and holds in their Demat account, In this regard, Singhvi explains, if a dividend price is 5 per cent higher than the closing price of the company’s share at the time of dividend announcement, then it is termed as a special dividend, which is also somehow applicable and beneficial to the futures market too.

वेदांता: डिविडेंड की Ex-Date कल, शेयर खरीदें या नहीं?

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Since Vedanta’s dividend is more than 5 per cent as compared to its stock price, when the dividend was announced, so this first interim dividend will be regarded as special dividend. 

The market guru mentions, this phenomenon is also applicable in the futures market, however, the futures investors get a credit of the same dividend amount, which means there will be no price loss, this doesn’t mean futures investors get a dividend. 

Vedanta on September 1, 2021, declared its first interim dividend of Rs 18.5 per share on the face value of Re. 1/- per share for the Financial Year 2021-22 amounting to Rs 6,877 crores, the index heavyweight said in a regulatory filing after approval of the board of directors.