27 November 2013
Supposing i acquire 1000 (10%)shares in xltd on 01/04/2012. The F.y of xltd is jan-Dec. For F.y.Jan11-Dec 11 the company announces dividend of 2% on 01.5.2012. Now in the p&l a/c of xltd for f.y.jan11-dec11,there appears a proposed dividend of Rs.1000. Now My Query is 1)will i be eligible to receive dividend on 1000 shares (record date being 06.05.2012)
2) Is the dividend appearing in P&l a/c of f.y.jan11-Dec11 is of this year or any previous year.
Please clarify my doubts I would Really be Thank ful
27 November 2013
there is always a record date for dividend if you are holding shares on the record date, then you will be eligible for dividend otherwise not eligible.
27 November 2013
for example, a compnay fixed record date 27/11/2013 for dividend, then any one who holds the shares on 27/11/2013 is eligible for dividend
if a person sells the share on 26/11 or who purchase shares on 27/11 is not eligible for dividend
CAclubindia
