Will I get bonus shares if I sell on ex-date?
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Bonus shares are free shares that the shareholders receive for shares that they currently hold. You will be eligible for Bonus shares only if you’ve held shares on the Ex-date, or sold shares on the Ex date (due to the T+2 settlement cycle).
What happens to share price on ex bonus date?
The share value decreases upon a bonus issue, keeping intact the investment value of the shareholder as the number of shares owned by a shareholder is higher than before.
Shareholders may sell the bonus shares and meet their liquidity needs. Bonus shares may also be issued to restructure company reserves. Issuing bonus shares does not involve cash flow.
Can we sell shares on record date?
Yes, you will be eligible for the rights issue even if you sell the shares on the record date. If you sell the shares on the record date, you would still own the shares of the company in your Demat account as on record date as these will be debited from your account post the record date.
What Is Selling Shares Before the Ex-Dividend Date? For owners of a stock, if you sell before the ex-dividend date, also known as the ex-date, you will not receive a dividend from the company. If you sell your shares on or after this date, you will still receive the dividend.
What happens if I sell stock on ex-dividend date?
The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date). If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend.
If you want to sell a stock and still receive the dividend that has been declared, you need to sell on or after the ex-dividend date. If you sell earlier, you will lose your right to claim the dividend.