Fundamentals & valuation
What is Ex-date and record date?
Also called: Ex-dividend date, Record date
Hinglish mein padhein: Ex-date aur record date kya hoti hai?
The record date decides who gets a dividend, bonus or split. With T+1 settlement, the ex-date is the same day as the record date.
You must buy the shares before the ex-date to be entitled. On the ex-date the price adjusts for the corporate action.
Exchanges publish corporate-action calendars with these dates.
Related terms
- DividendA dividend is a share of profit paid to shareholders in cash. Dividend yield is the yearly dividend divided by the share price.
- Bonus issueA bonus issue gives existing shareholders free extra shares in a fixed ratio, such as 1:1, funded from the company's reserves.
- Stock splitA stock split divides each share into several smaller shares — for example a 1:5 split turns one ₹10 face-value share into five ₹2 shares.