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As a shareholder holding stocks in a company that has declared dividends, the process of receiving dividends involves several key dates and steps. Here is a general overview of the dividend distribution timeline:
Declaration Date:
The board of directors of the company declares the dividend on a specific date known as the declaration date. During this announcement, the company specifies the amount of the dividend and the important dates related to the distribution.
Ex-Dividend Date:
The ex-dividend date is crucial for determining eligibility to receive the dividend. Shareholders who purchase the stock on or after the ex-dividend date are not entitled to the upcoming dividend payment. To be eligible, an investor must purchase the stock before the ex-dividend date.
Record Date:
The record date is the date on which the company determines the list of shareholders who are entitled to receive the dividend. Investors on the company’s books as of the record date will receive the dividend.
Payment Date:
The payment date is when the dividend is distributed to eligible shareholders. On or after this date, the company processes dividend payments, and shareholders receive their dividends.
Methods of Payment:
Dividends can be paid in various forms, such as:
Direct Deposit: The dividend amount is directly deposited into the shareholder’s bank account if they have provided banking information to the company’s transfer agent.
Check: Physical checks may be mailed to shareholders if they have not opted for direct deposit.
Dividend Reinvestment Plans (DRIPs):
Some companies offer DRIPs, allowing shareholders to automatically reinvest their dividends to purchase additional shares instead of receiving cash.
Brokerage Account Notification:
If your shares are held in a brokerage account, the dividend payment is often credited directly to your brokerage account. You may also receive an electronic notification from your broker regarding the dividend payment. However, the dividend received by your brokers will be credited to your Trading accounts.
Attention Investors!
Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from the depository on your email id and/or mobile number to create a pledge. Pay 20% upfront margin of the transaction early to trade in the cash market segment. Investors may please refer to the Exchange’s Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020, and NSE/INSP/45534 dated August 31, 2020, and other guidelines issued from time to time in this regard. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.
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Alice Blue Financial Services (P) Ltd : NSE EQ | NSE FO | NSE CDS-90112 SEBI REG : INZ000156038
Alice Blue Financial Services (P) Ltd : BSE EQ | BSE FO | BSE CD-6670 SEBI REG : INZ000156038
Alice Blue Financial Services (P) Ltd : CDSL DP ID 12085300 DP SEBI REG : IN-DP-364-2018
Alice Blue Financial Services (P) Ltd : MCX-56710 SEBI REG : INZ000156038
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KYC is a one time exercise while dealing in securities markets – once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
No need to issue cheques by investors while subscribing to an IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in the investor’s account.
Investors are requested to note that Alice Blue Financial Services Private Limited is permitted to receive money from investor through designated bank accounts only named as Up streaming Client Nodal Bank Account (USCNBA). Alice Blue Financial Services Private Limited is also required to disclose these USCNB accounts to Stock Exchange. Hence, you are requested to use following USCNB accounts only for the purpose of dealings in your trading account with us. The details of these USCNB accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stock Broker. Bank Details.
