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I do have stocks (purchased) in a Script in India. The stock declared announced the Dividend on 20 May 2015, and I purchased the equity recently (few days back), but the Stock equity's Effective Date is 30 August.

So I wanted to know whether I will get the dividend or not? If yes then how much?

Update:

Lets take an example: Here is the Dividends data provided by MRF http://www.moneycontrol.com/company-facts/mrf/dividends/MRF#MRF

Where the latest dividend was Announced on 27-07-15 and Effective Date is 06-08-15. So My question is if I purchased the shares on 03-08-15 then will I get the dividend?

user1547766
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2 Answers2

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In India, the amount of dividend you get is based on the face value of the stock. If the stock's face value is Rs. 10 and the company announced a dividend of 20%, you will receive Rs.2 per share.To see whether you qualify to receive a dividend, see the ex-dividend date of the company. If you purchased shares before that date, you will receive the dividend, else you will not

user19894
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So My question is if I purchased the shares on 03-08-15 then will I get the dividend?

Yes if you purchase on 3-Aug, the shares will actually get credited to your account on 5-Aug and hence you will hold the shares on 6-Aug, the record date.

Dheer
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