The final dividend, recommended by the board at its meeting on May 26, is subject to the approval of the shareholders at the Annual General Meeting (AGM) scheduled for September 27, BPCL said. The ex-dividend date, which is typically before the record date, determines whether the buyer of the stock will be entitled to receive its upcoming dividend. The record date is when the company identifies the stockholders eligible to receive the dividend. One needs to own or buy the stock before the ex-dividend date in order to receive the upcoming dividend. If the owner of the stock sells the shares before the ex-dividend date, the individual is not entitled to receive dividend from the company.

Source: Mint August 16, 2021 11:36 UTC