Monday, October 12
Shares of Infosys Ltd rose as much as 2.3% to Rs 1,609 on Thursday, as investors scrambled to buy the stock before it turns ex-dividend on Friday. With the company’s record date for its final dividend of Rs 22 per share set for May 30, Thursday marks the last chance for investors to acquire shares and become eligible for the payout.Under India’s T+1 settlement cycle, investors need to buy shares at least one trading session before the ex-dividend or record date to qualify for dividends.“The record date to determine the shareholders eligible for the dividend payout has been fixed as May 30,” the company had said in its exchange filing.Shares bought on the record date itself, which is May 30 in this case, will not be eligible. This makes May 29 the effective deadline for qualifying p
